Daily Archives: June 9, 2011
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?
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
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…
Barbados news media discovers Barbados Free Press & WikiLeaks…
Short and sweet, okay?
“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
June 9, 2011 – Wikileaks: Barbados warned about Stanford
“Stanford’s “companies are rumored to engage in bribery, money laundering, and political manipulation.”
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?”