Regulations killing non-profits – Hinkson

Member of Parliament (MP) for St James North Edmund Hinkson has expressed unhappiness with the number of financial obligations placed on non-profit organizations and has complained that it is stumping growth of charitable foundations.

The Barbados Labour Party (BLP) MP last night made known his concern while delivering brief remarks at a fundraising event for the Clarkson Foundation, held at the Apes Hill Country Club in St James.

“A lot of financial demands and paperwork are being placed on non-profit companies,” said Hinkson, the Clarkson Foundation patron.

“Some of the restrictions are too tight.”

Noting that some of the demands for financial information are, “imposed by entities outside of Barbados in terms of money laundering”, Hinkson, a veteran attorney-at-law, said the impositions for information are at times so burdensome as to make donors hesitant, and potential directors of charitable organizations unwilling to take up posts on boards of the directorate.

“Largely these are non-profit companies that are trying to advance the cause of [needy people],” Hinkson said.

“We have too many restrictions in terms of establishment and the future progress of foundations and non-profit companies.”

17 Responses to Regulations killing non-profits – Hinkson

  1. Sharon Taylor
    Sharon Taylor May 21, 2017 at 4:24 pm

    Stupse…. Those regulations are there for good reasons…. Go take a seat now plz…..

    Reply
  2. Coralita May 21, 2017 at 6:04 pm

    Keep the regulations in place because no one should be allowed to carry away money from kind-hearted donors giving for an advertised good and get away with it.

    keep the regulations and keep these charitable organisations in check.

    Nonsense talk.

    Reply
    • Mark My Word May 21, 2017 at 6:33 pm

      The number of financial obligations placed on non-profit organizations and charitable foundations is a must, as all that glitters is not really gold. Get thee drift.

      Reply
  3. tsquires May 21, 2017 at 6:53 pm

    It continues to amaze me that our people who are supposed to be level headed, either cannot or simply refuse to see that the largest tax free money manipulators on earth are the churches, the biggest non profit and charitable organizations who do not give any true charity.

    Reply
    • Jennifer May 21, 2017 at 8:41 pm

      Them ain’t gine see either. Forget brainwash, too brain dead.

      Reply
  4. Mark My Word May 21, 2017 at 7:57 pm

    Lawyers and Accountants know how to find de loop holes, keep the checks and balances in place, Please.

    Reply
  5. Jennifer May 21, 2017 at 8:49 pm

    Our leaders are so canned off, and gullible. Why is is that when it comes to wanting to get rid of regulations and too much paper work, it is always the same people requesting this review. We already laden with translucency. Oh stop it.

    Reply
  6. Sunshine Sunny Shine May 22, 2017 at 12:56 am

    Hinkson would it not be nice to see the same type of restrictions on the way various Party leading governments handle tax payers money? Maybe you and the Barbados Labour Party can pay some attention to the need to have anticorruption laws put on the books, the need for greater accountability, transparency and integrity legislation, and to ensure that we are not wasting money down the pockets of many of you politicians, the need for whistle blower legislation as well. Imagine, Hinkson, if we had that type of tight restrictions protecting the tax payers purse, we would not have to worry about how certain politicians can become so rich off a politicians salary to the point that they can buy 10 million dollar plantations, build a bundle of apartments, and have all sort of real estate over and away. Not that there is anything wrong with that, but but but, we need it to be transparent. Just saying hehe.

    Reply
    • Jennifer May 22, 2017 at 6:45 am

      Well said too sss

      Reply
    • Peter May 22, 2017 at 8:00 am

      Sunshine Sunny Shine, You hit the nail smack bang on the head there. It is statements and lamentation like these that makes me conclude that there is NO DIFFERENCE in neither the DLP nor the BLP nor any of the new political trysts either. These so called charitable organizations are avoiding taxes among other things like money laundering, secret or privileged funding for investments and other forms of corruptions. If full and documented documentation is required BY LAW, then let it be.

      Reply
  7. Greengiant May 22, 2017 at 1:57 am

    Food for thought. Is this one of our citizens trying to persuade the electorate that his party is fit and ready to govern our country? This is an example of what we can expect from the opposition if they get the to run this country, this will be the type of legislation they will focus on, not the type to truly benefit the people. They will fatten the pockets of those looking to wash their ill gotten gains, get some themselves and let the crumbs fall to the floor for the poor.

    Oh, I forgot. Is he not an attorney at law? I will continue to say,
    ” the further they are kept from our parliament the better for us “.

    Reply
  8. Peter May 22, 2017 at 9:31 am

    Sunshine Sunny Shine, again you hit the nail smack bang on the head. Mr. Edmond Hinkson clearly shows that there is NO DIFFERENCE in the two major Political Parties, the DLP and the BLP here in Barbados. Clever persons, both churches and individual declare themselves charitable organizations mainly to avoid paying taxes. Some of these so called charitable organizations hide monies in offshore accounts, they loan monies secretly to their privileged members, they establish trust accounts, and even launder money among their corruptive maneuvers. No one – No matter how wealthy or influential they may think they are, i8s above the law. If it is legally required for them to present certain documents for clarity and transparence, then they MUST present them. It is THE LAW. Why complain if one has NOTHING to hide?

    Reply
  9. Sunshine Sunny Shine May 22, 2017 at 10:32 am

    Peter

    Twice in two comments you agreeing with little ole me. Must be the new sea breeze. Peter I am not prepared to say all that you just stated. Got to be discreet because if I say that some of these politicians are involve and have charitable organisations in other people name I might be liable to getting lock it.

    Reply
  10. Edmund Hinkson May 22, 2017 at 10:57 am

    Hi Sunshine Sunny Shine I totally agree with you in terms of the absolute need for the Prevention of Corruption Act which was passed by both Houses of Parliament in December 2012 to be taken to the Governor General for Assent so that it becomes the law of the land. Most persons do not know that this law also deals with the provision of information on sources for campaign financing. I also totally agree with you on the absolute need for Integrity legislation to be passed in our country as well as Freedom of Information legislation, Procurement legislation and Contractor Generals legislation. Indeed, if you have been following my political career, you will know that I have been constant throughout in calling for these laws. I also would like to see these principles not only become the law but be enforced so that those who infringe the law, in either political party, face the full force of its penal aspects.

    I however draw the distinction which you and some other commentators have not drawn between corrupt persons in public life and legitimately run non-profit companies and charities which are only trying to raise funds to improve the lives of those who are most needy and vulnerable. We have to be careful as a country in not allowing every imposition requested from foreign powers to be placed as burdens on our people. While I appreciate the money laundering concerns, too far East is West. I however am happy to receive this critical analysis from citizens on this issue.

    Finally, I can assure you and everyone that the Party of which I am proud to be a part of its parliamentary team is prepared to face the scrutiny of the people and to put in place regulations and laws to make cabinet ministers and officials more accountable and our policies more transparent. We are prepared to give the people a greater say in their future and not only by way of a vote once every five years. I would not be a part of a team which would have it otherwise.

    Reply
  11. Peter May 22, 2017 at 12:38 pm

    Truth is the truth. I never said all charitable organizations behave in a deceitful manner. There are genuine charitable organizations and people out there. Some I know do not publicize this fact, but some are registered charities for dishonest means. politicians on the other hand are very unreliable. They twist and turn things around, and smothered in lies. They use their trusted offices to manipulate people and get things done. for most of them it’s an opportunist profession.

    Reply
  12. Julia Robinson May 23, 2017 at 10:21 am

    I am sick of the red tape my charitable organization has to go through to donate to the needy in Barbados. Seriously thinking of pulling out.

    Reply

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