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Way out!

Way out!

Barbados is among countries in the region that appear to be stuck in a “middle income trap”. And to get out of it, Dean of the Faculty of Social Sciences at the University of the West Indies Cave Hill Campus Dr Justin Robinson suggests that businesses need to take the lead in innovation. “Generally, when […]

Blame yourself, Sinckler tells the private sector

Blame yourself, Sinckler tells the private sector

Minister of Finance Chris Sinckler is essentially telling the private sector to blame itself for any confusion it had about how his recent budgetary measures – including the contentious National Social Responsibility Levy (NSRL) and two per cent tax on foreign exchange – would be implemented. Following his announcement of the belt-tightening measures at the […]

Job cuts looming due to new taxes, says Bryan

Job cuts looming due to new taxes, says Bryan

One of the popular Bridgetown retailers is warning Barbadians to brace for price rises of no less than ten to 12 per cent once Government’s recently announced tax measures take effect. Managing Director of Woolworth Martin Bryan said despite assurances from Minister of Finance Chris Sinckler that the “prohibitive” rise in the National Social Responsibility […]

Too many Govt entities boxing in the dark

Too many Govt entities boxing in the dark

It is responsible for the promotion and regulation of the sport of boxing in Barbados. But according to the Auditor General Leigh Trotman, the Barbados Boxing Board of Control has literally been boxing in the dark for the past 20 years – at least when it comes to its financial reporting. Even though the board […]

Budget passed; House approves controversial levy

Budget passed; House approves controversial levy

  Parliament in the wee hours of Friday morning approved the controversial National Social Responsibility Act after Minister of Finance Chris Sinckler put up a strident defence of the onerous tax on imported and locally produced goods, which is covered by the legislation and is due to be increased from two to ten per cent, effective […]

Budget lacks useful measures – UPP leader

Budget lacks useful measures – UPP leader

Political leader of the fledgling United Progressive Party (UPP) Lynette Eastmond has described the 2017 Budget as one void of measures to attain the economic growth the country so desperately needs. In fact, she argued that apart from increasing Barbados’ tax burden, the proposals offered by Minister of Finance Chris Sinckler Tuesday present nothing else. “He […]

Too slack

Too slack

It has been established as this island’s umbrella revenue policing agency, with primary responsibility for enforcement of the tax collection system. However, based on the latest Auditor General Report for 2016, Government may well need to guard its revenue guard. Following a detailed audit of the operations of the Barbados Revenue Authority (BRA), Auditor General […]

Survival not enough

Survival not enough

Barbados has been in survival mode for too long. Economist Marsha Caddle has contended that answers are needed to the question raised in 2014 by former prime minister Sir Lloyd Sandiford about the perilous state of the national economy, “How did we get here?” “The last decade has been presided over by a group of […]

Budget Day May 30

Budget Day May 30

Minister of Finance Chris Sinckler will present the annual budget to parliament on May 30. This was announced in Parliament a short while ago by Leader of Government Business John Boyce, who moved that today’s sitting of the House be adjourned until Tuesday May 30 at 4:00 p.m., when Sinckler will present the much-anticipated fiscal package.

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