Daily Archives: January 28, 2011

OECD: Barbados fails tax transparency standards

Review part of crackdown on money laundering & tax havens

Measures on tax transparency in Barbados still do not meet international standards, according to The Global Forum on Transparency and Exchange of Information for Tax Purposes, hosted by the The Organisation for Economic Co-operation and Development (OECD).

“In studies of 10 countries released on Thursday, it found that Barbados, the Seychelles, San Marino and Trinidad and Tobago did not have legislation in place to fully share information on tax matters with international partners.”

Reuters Africa story: Barbados, San Marino, others still not tax transparent

Further Reading

OECD Global Forum on Transparency

January 27, 2011 Information Brief (PDF)

13 Comments

Filed under Barbados, Business & Banking, Corruption, Freedom Of Information, Offshore Investments

Green Business Barbados 2010 in Review

By Lani Edghill, Green Business Barbados Coordinator, Future Centre Trust

In 2010 several businesses stepped out of the box to explore how they could improve their operations through the Green Business Barbados programme. The British High Commission got things going with their 8,000 gallon capacity rain water harvesting system at the High Commissioner’s Residence at BenMar used to irrigate the grounds.

The second green business for the year came from our offshore sector in an attempt to improve their social and environmental corporate responsibility and identity. Shell Western Supply & Trading and its Green Team Coordinator Lyn-Marie Sealy successfully implemented an internal recycling system that soon became so popular within the office they had to upgrade to a larger system shortly thereafter. Continue reading

1 Comment

Filed under Barbados, Business & Banking, Environment