Straughn accuses Govt of sneaking in backdoor tax

Insurance premiums are likely to rise, hitting the transportation sector particularly hard, due to a “backdoor” tax which Government plans to impose on insurance companies, an Opposition Barbados Labour Party (BLP) spokesman on economic matters has charged.

BLP candidate for Christ Church East Central Ryan Straughn told party supporters at the Graydon Sealy Secondary School last night that not only was the Freundel Stuart administration trying to sneak the tax in, it planned to make it retroactive to last year.

“The Government has recently introduced the tax through the backdoor . . . . What is particularly sinister about this is that the Government wants to introduce tax on insurance companies, but essentially they want to take the tax back to apply it from April 2016,” Straughn charged.

The charge could not immediately be verified, however, the economist claimed that if the insurance companies were forced to pay the levy, Barbadians would be faced with increased premiums when they renew their policies.   

He said while ordinary Barbadians would feel the squeeze, public service vehicle operators and motorists on a whole would suffer most.

“You will have to pay insurance on those vans and those people will also face some burden. You as a motorist would also have an increase in your premiums,’ he said.

Straughn also slammed the administration for failing to do “the decent thing, come to the public and announce to the country that you are going to levy taxes on the people”.

Worryingly, he said, there was no notice through the Barbados Government Information Service, and “there was absolutely no mention of any tax in any insurance company in any budget or in any ministerial statement”.

6 Responses to Straughn accuses Govt of sneaking in backdoor tax

  1. Epaphras D. Williams
    Epaphras D. Williams July 7, 2017 at 12:30 am

    Are we headed for a great depression

  2. Troy July 7, 2017 at 6:46 am

    This DLP administration has to go

  3. Lilian Lloyd
    Lilian Lloyd July 7, 2017 at 7:01 am


  4. Eddy Murray
    Eddy Murray July 7, 2017 at 8:34 am

    I feel the opposition leader should be the one to speak to this.

  5. Greengiant July 7, 2017 at 9:48 am

    Right Mr. Ryan Straughn while you and your economic team continues to address move made by the government, and rightfully so. We want to hear a response on the proposals by Solutions Barbados on their alternative to austerity, and while you’re at it we also need to hear the B L P’s alternative to austerity. We are’nt going to elect a party just simply because we are fed up with the current administration. We are not going to replace austerity with austerity because it’s spelt differently.

    Most people have made up their minds that this government will not be reelected, they have not decided which party will replace them though. So it’s time you all stop rubbing shoulders and start presenting proposals to the electorate on how you will do the things you are promising to do for them. There will be many like me who will be telling the people about both party’s failings over the years and every reason why they should place the management of this country in new untested hands. After fifty plus years we have on record what both leading parties have done, have failed to do and what they’re both capable of.

    When compared, it looks like one story under two different titles.

  6. Barry July 7, 2017 at 12:03 pm

    Am I the only one who is not clear what this tax actually is?


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