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Europe’s top antitrust regulator, the Brussels-based European Commission, has launched an unexpected assault on what it suspects are sweetheart tax deals for multinational companies, plowing into an area traditionally regarded as the sovereign preserve of national governments.
Abandoning citizenship is often a last desperate way for Americans living outside the U.S. to escape a lifetime of onerous tax filings. But it’s about to become a much costlier exit strategy.
For a while, it seemed, the tide had turned against the tradition of secrecy in Zurich. But the impression of change is misleading, regulators and members of the insular banking fraternity say.
Barbados is changing several pieces of legislation with a view to making it easier to do business in the island said Minister of Industry, International Business, Commerce and Small Business Development Donville Inniss.
Prime Minister Freundel Stuart has described Barbados as a clean, low tax and well regulated international financial centre while speaking to Ambassador of Chile, Fernando Schmidt, during a recent courtesy call at Government Headquarters, where Mr. Stuart expressed the view that Barbados could be attractive to Chileans who want to do business here.
Barbados must adopt a multi-dimensional response to enhance competitiveness to better facilitate business with Latin America, has said Jerome Dwight, Managing Director of RBC Wealth Management in Barbados and Head of the Corporate and Institutional Business in the Caribbean
Guyana is still at risk of being blacklisted by the Financial Action Task Force (FATF) for failing to pass the Anti-Money Laundering and Countering the Financing of Terrorism legislation, according to Attorney General Anil Nandlall.
The St. Lucia government has appointed a task force to determine whether or not the island should establish an Economic Citizenship Programme. The Kenny Anthony government said that the task force, which is expected to submit a report by December 1, will be chaired by Professor Vaughan Lewis, the foreign policy advisor to the government and former University of the West Indies lecturer.
The heads of the CARICOM states met last week to discuss issues including the trade deal, and issued a statement July 4 that said they “welcomed the progress made towards a CARICOM-Canada Trade and Development Agreement which has led to the successful conclusion of negotiations in several areas,” but added that there were “some outstanding issues which remain to be finalized.”
The Board of Directors of The DGM Group of Companies has announced the appointment of Mr. Wayne Fields as President of DGM Bank & Trust Inc, effective 1st November 2012.
The Shareholders and Directors of DGM Bank & Trust Inc. are pleased to announce the appointment of Lynn A. Garner as Vice President – Trust Services.
The Towner Management Group, the largest independent captive and international business company manager in Barbados, announced today that it has sold its Barbados-based business and operations to the Jardine Lloyd Thompson Group plc (JLT).
Effective January 1, 2015, the Canadian Federal Government will be changing the rules of play for how foreign income by Canadian banking and insurance subsidiaries is treated for tax purposes. Mr. Douglas Connell, Senior Tax Advisor with Deloitte Barbados, delivered a presentation at BIBA's February 25, 2014 luncheon seminar outlining the major implications of the new measures, followed by a panel discussion offering further perspectives on the issue from international tax professionals Mr. Ben Arrindell, Mrs. Dominique Pepin, Ms. Gloria Eduardo, and Mr. Wayne Lovell. A PDF copy of Mr. Connell's presentation can be downloaded here.
The Barbados International Business Association (BIBA) views Barbados’s elevation to the Vice Chairmanship of the Global Forum of the Organization for Economic Cooperation and Development (OECD) as a validation of its high standing among international business and financial centres.
A new Board of Directors has been elected to lead the affairs of the Barbados International Business Association (BIBA), headed by new President, Connie Smith, Managing Director of Tricor Caribbean.
The latest budgetary measures by the Canadian Federal Government compel Barbados to be more agile and responsive than at any other time in the history of its international business sector. This came from president of the Barbados International Business Association (BIBA), Ryle Weekes, as he opened the association’s February luncheon seminar at the Barbados Hilton on Tuesday, February 25.