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OUR MISTAKE

OUR MISTAKE

Italy today admitted that it made “an unfortunate mistake” when it placed Barbados on a blacklist of non-cooperative tax jurisdictions. The admission came following the signing of a Double Taxation Agreement (DTA) between Barbados and Italy at the Ministry of International Business at the Baobab Tower in Warrens, St Michael. “The blacklist . . . […]

NO WOLVES

NO WOLVES

Minister of Finance Chris Sinckler has made a strong plea to rich countries not to abandon struggling and highly indebted Caribbean states to the “wolves” of international financial capital systems. In an address today at the opening of the Latin American and Caribbean (LAC) Debt Group’s 11th Annual Debt Management Specialists meeting at the Hilton […]

Inniss in search of Colombian business

Minister of Industry, International Business, Commerce and Small Business, Donville Inniss was headed to Colombia this week in search of new investment opportunities for Barbados. While Inniss would not say when he would leave, he said he planned to engage his counterparts in Bogota on ways to expand Barbados’ investment potential in that Central American […]

Barbados elected as vice chair of OECD global forum

Barbados has been elected to serve as a member and vice chair of the Steering Committee of the Organization For Economic Cooperation And Development (OECD) Global Forum. Word of this has come from Minister of Industry, International Business, Commerce and Small Business Development, Donville Inniss, who attended the Seventh Annual Meeting Of The OECD Global […]

International business sector safe

International business sector safe

There is no exodus of businesses from Barbados. Furthermore, the future of the international business sector is secure. This assurance has come from president of the Barbados International Business Association (BIBA) Connie Smith, who said today there was confidence in the sector despite the economic uncertainty or “continued name bashing” globally. “We are not seeing […]

Barbados tops Canada’s international revenue rankings

Barbados is Canada’s number one source of revenue from international financial centres worldwide and its third largest jurisdiction for total foreign direct investment. Those findings, contained in a new Canadian-based scientific study, were presented this morning to a World Forum On International Financial Centres In A Borderless Digital Environment at the Hilton Barbados Resort. Associate […]

PM ready to fight global regulators

PM ready to fight global regulators

Prime Minister Freundel Stuart has served notice of his Government’s intention to fight powerful global regulators on any “unfair” standards they try to impose on Barbados as an international financial centre (IFC). He stoutly defended Barbados as an IFC destination of choice, as recognised by business leaders and industry experts, when he opened an international […]

Abrahams supports business bill

Opposition Senator Wilfred Abrahams believes that any action to enhance the international business sector should be supported by people on both sides of the political divide. Abrahams expressed that view in the Senate today as he gave his support to the International Business (Miscellaneous Provisions) Bill 2014 which would reform the law relating to international societies […]

Inniss’ vow

Inniss’ vow

Government has vowed to continue its rigorous defence of the Barbados’ international business sector in the face of changing policies by the Organisation for Economic Cooperation and Development (OECD) and developed countries. Minister responsible for the sector Donville Inniss made the assertion in the House of Assembly yesterday as he accused the OECD of persistently […]

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