Daily Archives: June 9, 2011

“As exciting as watching paint dry, but just what we need…”


Filed under Barbados, Politics

Barbados monopoly on Canadian Captives is no more – KPMG says Bermuda is better

New Canadian tax treaty has Bermuda looking to profit from Barbados client base

The folks in Bermuda don’t want to upset anyone, but it’s obvious that they are after what Barbados has had a monopoly on for decades.

“Despite the two rival jurisdictions sharing some similarities, Bermuda has the competitive edge (over Barbados) in terms of level of regulation, quality of service provision, access to the re/insurance market and geographical proximity for Canadian businesses.”

Jason Carne, KPMG Bermuda partner talks to Royal Gazette Online

Bermuda just signed a tax treaty with Canada that will allow Canadian insurance companies to form offshore branches and pay little tax just the way they have been doing it in Barbados for twenty years and more. Good for Bermuda – but not so good for Barbados.

KPMG claims Bermuda has “The competitive edge…”

What does it mean for Barbados? Is Mr. Carne shining everyone on?

Let’s hear from our Barbados government representatives… or maybe KPMG Barbados. Hello? KPMG Bridgetown? You there?


Filed under Barbados, Offshore Investments

Barbados Today rehashes 6 day old Barbados Free Press Bob Verdun story

Big news in Barbados Today: Bob Verdun got nailed in a defamation lawsuit in Canada. Read all about it in Barbados Today’s June 8, 2011 article Verdun loses $1.3M in suit

Lots to think about in Ian Bourne's photo of Bob Verdun!

Unless, of course, you read about it almost a week ago in the Barbados Free Press article Bob Verdun “In deep trouble” – $650,000 judgment for defamation

Hey! We’re just saying…

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Filed under Barbados, Freedom Of The Press

The Nation newspaper rehashes 7 month old Barbados Free Press WikiLeaks story

Barbados news media discovers Barbados Free Press & WikiLeaks…

Short and sweet, okay?

Our stories…

December 20, 2010 – Wikileaks Barbados: US Embassy Bridgetown sent alert on Sir Allen Stanford three years before arrest.

“Sir Allen Stanford’s companies are rumored to engage in bribery, money laundering, and political manipulation.”

December 27, 2010 – Barbados DLP and BLP must return proceeds of crime to Allen Stanford’s victims

January 11, 2011 – Former US Ambassador Mary Kramer writes book about time in Barbados

The Nation

June 9, 2011 – Wikileaks: Barbados warned about Stanford

“Stanford’s “companies are rumored to engage in bribery, money laundering, and political manipulation.”


Filed under Barbados, Corruption, Crime & Law

Ian Bourne’s Bajan Reporter “Account Suspended”

Visitors to The Bajan Reporter news website this morning were greeted with a screen announcing “Account Suspended”. Calls to Mr. Bourne’s home were unanswered as of 3:10am. (Just kidding!)

Did he forget to pay a small internet hosting invoice? Has he decided to quit journalism for a full time job at Chefette or KFC? (There go the profits!) Has the government finally decided that they just can’t take anymore of Bourne’s journalism with integrity?

Stay tuned folks! No doubt Mr. Bourne will make an announcement after breakfast when he fires up the old PC and says, “Huh?”


Filed under Barbados, Blogging, Freedom Of The Press