Category Archives: Canada

Weak Canadian dollar brings challenges for Barbados tourism industry

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Adrian Loveridge - tourism expert, hotel owner

Adrian Loveridge – tourism expert, hotel owner

It is already more than halfway through the year and this is a time perhaps that our tourism policy planners are focusing on what marketing strategies can be effectively put in place to build on the first quarter increase in visitor arrivals.

As always, it is almost impossible to accurately predict what is going to happen in our global marketplaces and how that could impact on numbers, average stay and spend.

Important issues include the fall in the value of the euro earlier this year and whether this will be further impacted with the eventual solution to the Greek crisis. What effect will the first Conservative British government budget since 1995 have on the disposable income of most Brits? And finally, there is increased speculation about an impending recession in Canada, just at a time we were experiencing improved arrivals and airlift.

Having lived in Canada for some time, I know there is a psychological threshold when the Canadian dollar falls below 80 cents compared to the United States dollar. Naturally, Canadians then start to question whether they are truly obtaining value for money at holiday destination choices. It becomes an imperative to clearly demonstrate that we can offer a competitive product by at least attempting to reinforce component parts of the tourism industry that are more affordable.

While we will never be able to compete with the mass tourism regional offerings like Mexico, Dominican Republic, Cuba and alike, Barbados still has a myriad of more affordable accommodation choices. Of course lodging is only part of the equation, so personally I think there is room for a re-DISCOVER-like promotion specifically aimed at the Canadian market that helps minimise the currency value differential, which include not just restaurants, but attractions, activities, car rental and shopping.   Continue reading

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Canadian Court upholds Revenue Canada – disallows “Barbados Structure”, penalizes Canadian company’s use of offshore Barbados subsidiary.

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 Marzen Artistic Aluminum Ltd. v. The Queen (2014 TCC 194)

I’m don’t know much about this kind of thing, but it doesn’t sound good for Barbados. According to our Google Alerts, the tax sector is abuzz with this latest Canadian ruling that runs 80 pages. (download the ruling here – PDF)

Comments from the cheap seats?

In a lengthy set of reasons, the Tax Court upheld all but a fraction of the CRA’s reassessment of the taxpayer, such reassessments having disallowed the deduction of approximately $7.1M of fees paid by the Canadian taxpayer to its Barbados subsidiary. The Court also upheld the imposition of a penalty under subsection 247(3) of the Act…

… from Dentons Tax Litigation blog: Marzen: Artistic Barbados tax plan defeated

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Canada puts the tax squeeze on Barbados offshore corporations. Barbados puts on Happy Face!

Barbados Smiles Happy Face

Barbados puts on a happy face and buries in the press release that offshore secrecy between Bim and Canada is a thing of the past…

The Protocol amending the Agreement between Canada and Barbados for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income and Capital is now in effect. It entered into force on 17 December 17, 2013.

“On November 8, 2011, Canada and Barbados signed a Protocol to amend the 1980 DTA. This Protocol, among other things, now allows entities operating in the international financial services sector to benefit from a number of provisions in the Treaty, including the provisions on residency. In addition, such entities will now be covered under the new comprehensive exchange of information provisions which now meet the OECD standard.

Barbados values the mutually beneficial and long standing relationship with Canada and welcomes this development as it will further concretise Barbados’ principles of transparency and substance. Through our network of tax treaties, it will further solidify Barbados’ commitment to international best practices on the exchange of information.

Read the full story: Barbados Prime Minister: Protocol Takes Effect

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Canada’s Sault College receives $440,000 to assist Samuel Jackman Prescod Polytechnic

Keep that foreign money flowing folks… We need it!

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by passin thru

Times are tough on the rock and a lousy $440,000 Canadian dollars doesn’t sound like it would buy much of anything ’bout this place after VAT is considered too.

But, beggars can’t be choosers and all that.

What’s going to happen with all this money? Well, first off it’s not coming right away. Sault College “will receive” the money from the Canadian government over the next two years as the joint programme with Prescod Poly to “collaboratively develop training over the next two years to support a growing renewable energy industry in Barbados.”

Must be something I’m missing about a “growing renewable energy industry” because the last time I looked it was a solar water heaters business was destroyed with a joint venture with Nigeria. (Like that would work out!)

After Owen Arthur threw away $2.4 million dollars of taxpayer money, Aqua Sol went broke and the Trinis bought it up and changed the name to Solaris Energy Limited. It looks like the new manufacturing facility in St. Phillip is always busy, and let’s hope it stays that way – but that is just one company. Pray this new seed money from Canada actually sprouts something and doesn’t just drip away like usual.

But hey, we’ll take the money and do the training or whatever. Just send the money.

What? No plan yet? Hey… gimmie the money and we’ll come up with a plan by sundown!

The two Institutes will work together over the next few months on developing a detailed project plan. Implementation will begin in April 2014.

“We will be planning and implementing key activities such as labour market analysis, curriculum development, teacher training, facilities and equipment enhancements as well as student and faculty exchange between April 2014, and March 2016,” says Ted Newbery, Chair of Continuing Education at Sault College.

Read the whole story: Sault College joins in Bajan school program

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Dr. Victor Gooding: A Barbadian Living in Canada

Victor-Gooding-scientist Barbados

Barbadian Scientist living in Canada to deliver 2013 Sir Winston Scott Memorial Lecture

Frank Collymore Hall, Monday November 25, 2013 8pm

The Central Bank of Barbados today announced that a Barbadian whose pioneering work in telecommunications created a new narrative for Canadians of African descent will deliver the 2013 Sir Winston Scott Memorial Lecture.

Dr. Victor Gooding, Barbadian Olympian and Senior Satellite Systems Scientist at Telesat Canada, will speak on the topic “View from 45 years North: A Barbadian Living in Canada” at the Frank Collymore Hall on Monday, November 25 at 8:00 p.m.

“The unique perspectives of Barbadians abroad represent valuable and important contributions to the dialogue on the country’s social and economic development efforts”, Dr. Gooding commented days before his presentation.

This telecommunications specialist said his audience can expect a presentation on a series of issues ranging from science to education to the international economic crisis. Continue reading

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Canadian Government Broadcaster hires private investigator to expose Barbados tax haven loopholes

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What don’t these Canadian journalism types get about Barbados?

The answer is simple: The Canadian laws are not being broken, they are being used as they were intended.

It’s the same with the American IRS regulations. If the Americans, Brits and Canadians don’t want their citizens to transfer income offshore, then those governments should make it illegal and rescind the tax laws that make these schemes possible. Until that time, places like Barbados, the Cayman Islands and Bermuda will continue to welcome Canadian, American and Brit business people who can’t survive with the 30, 40 and 50 percent tax rates of their homelands!

Tax avoidance: Canada-Barbados tax deal loopholes revealed

An exclusive CBC News hidden-camera investigation into the world of offshore banking found professionals in Canada and Barbados willing to help hide business profits in Barbados by exploiting loopholes in a long-standing tax saving arrangement between the two countries.

“My advice to [the Canada Revenue Agency] would be, every time you see a Barbados [company] in the structure, investigate it,” said an individual who used to run one of Canada’s largest offshore companies and also spent time in prison.

For decades, Canadian companies have flocked to Barbados with their cash in order to legally avoid paying Canadian taxes. If a Canadian company wants to expand its business outside of Canada, it can create a subsidiary in Barbados where it can park its international profits. This way, it legally doesn’t have to pay Canadian taxes on those profits.

… read the rest of the article at CBCnews Canada: Tax avoidance: Canada-Barbados tax deal loopholes revealed

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Canadian Parliamentary report targets Barbados and other offshore banking and corporate centres

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I have a question for our glorious leaders of the DLP and BLP…

Tourism is dying and our offshore banking sector is under serious attack. What is this island going to be doing to earn foreign revenues in 10 years time? Folks like Dr. Duguid and Owen Arthur won’t care because they are rich enough to bail out, but what will our children do to earn a living?

“Canadian banks and other financial institutions should be required to find out the beneficial owners of corporations or trusts that are transferring money overseas, according to recommendations in a new report on tax evasion by Parliament’s finance committee.

The all-party finance committee reported Wednesday on the results of a lengthy review of tax havens, but the study immediately drew criticism from NDP and Liberal members who said its 11 recommendations are too vague and will do little to halt the tide of money flowing into offshore tax havens.”

… from the Globe and Mail article: Banks urged to find out who is sending money abroad

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Cameco tax case is scary for Barbados!

Canada Revenue Agency Barbados

How a Canadian company avoided 1.4 billion in taxes by using an offshore subsidiary and what it means for Barbados

by Not Taken

Yet another interesting and scary for Barbados article in the business section of a major Canadian newspaper, The Globe and Mail: Cameco’s $800-million tax battle

I have been sending these recent articles as a public service so the Ministry of Finance and the Barbados Central Bank Governor have a heads up on the attack on Canadian tax evaders/avoiders that is undoubtedly about to hit the Barbados offshore industry; if in fact it has not already hit – but unreported.

This is very bad news for Barbados revenue sources.

While the Cameco case involves its Swiss subsidiary, it is probably just the tip of the iceberg in CRA’s efforts to collect taxes due to Canada. There must be hundreds, if not thousands, of  “Canadaco (Barbados) Limited” businesses doing the same same transfer pricing schemes (scams) in order to pay 2% income tax to Barbados, rather than 27% to Canada.

Even those Canadian companies not not already being audited for this this type of tax “management” may decide for close up shop in Barbados to avoid the publicity that a CRA audit will bring.

Cameco’s CFO, retorts that Cameco Europe has its own board of directors and a full-time CEO, Gerhard Glattes, who has no other duties with the company. Cameco Europe provides Cameco with compensation for the management duties – like legal advice – it does not have its own staff for. “It was established in accordance with all relevant laws and regulations when it was set up.”

The Barbados registered Canadaco subsidiaries’ own boards of directors and full-time CEOs who have no other duties with the Canadian company should start planning for alternative sources of income. And of course it will have serious implications for the Barbados services providers; the legal community,  the management/bookkeeping companies, and the accountants when it happens.

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Canadian reader Luvs Bim wonders where the Barbados vacation adverts have gone!

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Only one Barbados property listed in Air Canada’s newspaper advertising

contributed by Luvs Bim

Air Canada Vacations’ full page ad in the Travel Section of the March 30 Toronto Star included 23 properties under the heading Caribbean & Mexico.  They were in:

Mexico 4
Cuba 3
Dominican Republic 3
Aruba 2
Antigua 2
Bahamas 2
Saint Lucia 2
Cayman 1
Turks & Caicos 1
Costa Rica 1
Jamaica 1
Barbados 1 (Couples)

Of course, advertising will not cure all that ails the Barbados Tourism Industry; but surely it must be part of the mix needed to reverse the downward spiral.

It is curious that the only property advertising in the Weekend Travel Section in the largest circulation newspaper in Barbados’ third largest market is the one under new Jamaican ownership – even while undergoing updating of their plant.  As there is no flying fish in the ad, Couples must be spending their own advertising budget without assistance from BTA.

Have the Bajan owned resorts closed for the Summer?

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Crazy Canadian ice fishers need a week in Barbados!

One of our Bajan ex-pat readers in Manitoba Province, Canada sent us the above YouTube video of some folks fishing on the ice. Brrrrrrrr!

These crazy Canadians need a week on the beach… and what’s with the flag chairs?  🙂

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Canada-Barbados tax treaty costs Canada billions in lost taxes

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submitted by Taxing Stuff!

Examples of tax treaty reality: Every year Canadian “investors” send $40-70 billion to Barbados, the equivalent of over $140,000 for every man, woman and child, ostensibly as Foreign Direct Investment (FDI), but most of it doesn’t stay in Barbados to build companies or jobs. Despite massive injections of “investment” into Barbados from Canada that is equivalent to six or more times the GDP of Barbados, the per capita GDP in Barbados is half that of Canada or the US.

There is no “brotherhood” here where two countries agree to invest the same amount in each other: In contrast to Canadian-US FDI exchange of approximately one dollar matched by each country, for every dollar of Canadian FDI to Barbados, Barbados sends a penny of FDI back. Under the terms and transparency of the Canada-Barbados Tax Treaty, Canada lost $1.5- 2.5 billion in taxes last year. Multiply this by numerous tax treaties with tax havens, and multiply it again by the fact that many of these treaties are decades old.

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Canadian store collapse brings memories of Barbados cave-in disaster

Where are the men?

Dear Barbados Free Press,

As a Bajan living in Canada I thought you would be interested in the following article from the Toronto Sun newspaper because it made me think about what happened in Bim at the Arch Cot collapse when the police, fire and military dithered for a whole day before venturing into the wreckage. Then they chopped down the apartment wreckage into the hole, without regards to anyone who still might have been alive.

This Toronto Sun article by Joe Warmington points out that people live for over a week in collapsed buildings. That didn’t matter in Barbados and it didn’t matter in Elliot Lake Canada where government prevented rescue teams from entering the building, saying it was “too dangerous”.

Where are the men? Where are those who devote their lives to rescuing others in these kinds of disasters? When the crunch time comes they always seem to fail us.

They always talk about “lessons learned” but never seem to apply those lessons on the next time. The lesson for each of us is that you cannot rely upon the government. You must be prepared to save yourself.

The death certificate for Donavere Codrington says he died two days after the collapse and that fact got short shift at the inquest.

The Sun article says that Elliot Lake will not forget. That’s a lie: yes, it will. Barbados did, Canada will too. Barbados forgot and nobody was held accountable for building on a known cave.

Justice Mottley and daughter Mia Mottley

Nobody was held responsible for removing the prohibition against building on the land. Mia Mottley and her family were involved. They owned the land at one time. Nothing more need be said.

sign me “Never Forget”

Further Reading

Please read the following article at the Toronto Sun: Warmington: Elliot Lake will not forget

Warmington: Elliot Lake will not forget

“It’s just not safe.” — HUSAR leader Bill Neadles.

Was Juno beach safe?

How about Vimy Ridge or Helmand Province?

When would such an emergency rescue mission, which would require bringing in the Heavy Urban Search And Rescue Team (HUSAR), ever have safe conditions?

Only in nanny-state Ontario could somebody decide the working conditions for rescue workers in a catastrophe were not safe enough to do what they are trained, and paid, to do. Continue reading

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Canadian tax decision should spur Barbados to ease up residency procedures

Garron Barbados Trust case has frightening implications for Bajan offshore industry

by One Who Knows

An April 12, 2012 decision by Canada’s Supreme Court is putting the pressure on Barbados. The decision changes everything for Canadian trusts residing in Barbados. Many Canadian-controlled trusts will now be taxable in Canada at Canadian rates… and if that is the case then what is the use of having the trusts in Barbados or having the annual meeting on the beach at the Bridgetown Hilton?

Barbados and other Caribbean offshore banking centres rely heavily upon favourable tax laws from Canada, Britain and the USA. As our Prime Minister is so fond of saying: Barbados is not a tax ‘haven’, we are a legitimate financial and corporate centre. There’s a difference you know – but it is a difference that the Canadian government is increasingly unsympathetic to.

The Canadian government is aggressively pursuing a policy of hunting down potential tax revenues that have been ‘missing’ offshore and Barbados is squarely in the tax-haven gunsights.

It’s all about residency… so is Barbados willing to expedite residency for worthy offshore investors?

Whether true or not, Barbados has a reputation for being a difficult country to deal with in terms of immigration, residency and citizenship. Now that Canada has set new rules that threaten the health of our offshore financial and corporate industry, can Barbados adapt quickly enough to keep the trust clients who will soon be moving out?

Offshore trusts can still fall within Canada’s tax net

On April 12, a new landmark was established in the world of tax. It’ll provide guidance to taxpayers for years to come. I’m talking about a Supreme Court of Canada (SCC) decision in a case known in tax circles as the Garron case.

One of the most fundamental questions that every government must ask is this: Who should be liable to pay tax? Most governments have adopted the same answer to the question: If you reside in a country, you should pay tax there. (The U.S. is a rare exception where individuals are taxed if they are citizens, regardless of where they live. Oh, and the U.S. also taxes those who reside there.)

The common principle is that a person who derives economic and social benefit from living in a place should owe an economic allegiance to that place. And so, Canada – like most countries – taxes based on residency.

The problem? Determining whether you’re resident in Canada for tax purposes can be tough because it’s generally a question of fact and subject to the interpretation of the Canada Revenue Agency (CRA) or the courts (with some rare exceptions where certain people are deemed to be resident here).

The case

Determining residency is even tougher when we’re talking about an entity that isn’t a person with a family and a home to live in. What if you’re a corporation? Or a trust? The Garron case, formally referred to as Fundy Settlement v. Canada, 2012 SCC 14, is the story of two family trusts that purported to be resident in Barbados, not Canada, and therefore claimed to escape the Canadian tax net.

The trustee of the trusts is St. Michael Trust Corp., resident in Barbados. The beneficiaries of the trusts are residents of Canada. The trusts sold shares in two Ontario corporations and realized substantial capital gains in the process. The purchaser was required to withhold and remit taxes to the Canadian government on account of these capital gains – to the tune of $152-million. Continue reading

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Barbados internet drug companies accused of ‘playing russian roulette’ with patients’ lives and health

Tom Haughton’s Barbados-based organization has thousands of online addresses

U.S. Criminal Investigators target Haughton and his Barbados / Canadian internet operations

“So you don’t know, though, really, whether that product, which turned out to be fake was made in someone’s bathtub, in Egypt or in Turkey?” asked CBS News.

“I’m not going to speculate,” answered Tom Haughton.

The investigation into how fake prescription cancer drugs came into the USA continues with a new series of CBS News reports. Dozens of medical centres and doctors in the United States purchased fake Avastin chemo-therapy drugs that originated from a supposed US operation called “Montana Health Care Solutions”.

But “Montana Health Care Solutions” is confirmed as one of the numerous front operations for a Barbados-based group involved in unauthorized online sales of prescription drugs worldwide. Addresses in Montana, Alberta Canada, Minnesota and the United Kingdom are involved, but those places are way too cold – the real action is in Barbados!

“Situations like this are why federal health officials prohibit the importation of drugs through sources not approved by the FDA. As one expert told us, once you step outside the regulated route for drugs, you might as well be playing Russian roulette.”

from the CBS News report Fake Avastin importer claims he broke no laws

Like it or not, thanks to a man named Tom Haughton and his Barbados businesses, employees and associates – Barbados has become known as an epicenter in the dangerous world of black-market fake prescription drugs.

It can now be told that Barbados Free Press contributed to the ongoing CBS News efforts to uncover the truth about the source of the fake cancer drugs sold by Tom Haughton’s organization. CBS News and we at BFP still haven’t been able to answer two very important questions:

1/ Have any other known fake drugs been sold by the Haughton organization anywhere?

2/ Does Haughton’s organization supply any drugs to the Barbados Ministry of Health or any private clinics in Barbados?

Our sources tell us that the Barbados Ministry of Health refused to talk candidly with CBS News reporters. Our government should immediately tell Bajans the truth about whether any of our drugs were sourced through Haughton’s deadly supply chain.

Money Laundering Investigation

Barbados Free Press can also reveal that not only are U.S. Authorities looking into Haughton’s organisation to discover the manufacturer of the fake Avastin, there is also an investigation into whether any tax laws were broken. As our source informed us… Continue reading

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Filed under Barbados, Canada, Consumer Issues, Crime & Law, USA

Barbados mangrove wetland comes to Manitoba, Canada: March 25, 2012

Oak Hammock Marsh Interpretive Centre unveils a neotropical migratory bird exhibit.

Rare bird carvings donated by Graeme Hall Nature Sanctuary in Barbados

Oak Hammock Marsh, Manitoba – Oak Hammock Marsh Interpretive Centre (OHMIC) will unveil its new Neotropical Migratory Bird exhibit on Sunday, March 25, 2012 at 1:30 p.m. The exhibit re-creates the sights and sounds of a tropical mangrove wetland. It features a rare collection of 22 life-size bird carvings by the Skeete family of carvers that was donated by the Graeme Hall Nature Sanctuary in Barbados.

This unique collection, the largest know group of its kind in the world, is ideally-suited to the new exhibit that shows familiar migratory birds from Canada sharing an exotic mangrove wetland with resident Caribbean birds. Visitors will be invited to follow Wally, the Yellow Warbler, on his annual migration from Oak Hammock Marsh to the south. Arriving at Wally’s destination, visitors will use a viewing blind, binoculars, and interpretive signs to search for Wally among the mangroves that he shares with a variety of herons, egrets, and other resident Caribbean birds.

“The Interpretive Centre was thrilled to receive the generous donation of these exquisite and unique carvings” said Michele Kading – the Head of Interpretation at OHMIC.

“We were overwhelmed when Peter Allard and the Allard Family agreed to sponsor the creation of an exhibit that would not only showcase the beauty of these carvings but would enhance the Centre’s programs for public visitors as well as school groups.”

The new exhibit will help visitors to Oak Hammock Marsh realize the critical importance of Caribbean wetlands in the conservation of Neotropical birds.

Barbados migratory birds

Carved by Geoff Skeete and his son John Skeete, each of the 22 carvings is a life-sized replica of a bird living in the Caribbean that can be seen on the island of Barbados. Geoff Skeete, the elder artist, has had a keen interest in migratory shorebirds of North America that visit the island of Barbados annually in large numbers. Geoff’s wife Joan, who encouraged Geoff to get into this art form, paints each of her husband’s carvings with the colours and details of the living birds they represent. Continue reading

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Filed under Art, Barbados, Canada, Wildlife

“Wheatfield Bajan” Saturday afternoon in Saskatchewan Canada

“I want to come home.”

Dear BFP,

This was taken Saturday afternoon south of Regina, Saskatchewan. I want to come home.

Sincerely

Wheatfield Bajan
Saskatchewan, Canada

BFP says: Had enough, Wheatfield Bajan? Come home. The weather has been a little wet lately but the sunshine will return. We’ll take a little rain any day to living in Canada during the winter, thanks!

And from another Canadian reader, we received this:

Dominican Republic sees surge in Canadian Tourists & Flights

What? Bim not good enough anymore?

80 percent of the arrivals to the North Coast during the high season comes from Canada, and attributed it to the effort focused on that market…”

“…Musa predicted Puerto Plata’s best high season in eight years, with the arrival of around 60,000 additional Canadian tourists on 32 weekly flights

Dominican Today: More Canada tourists help Puerto Plata’s quick recovery

Hey… Why dem Canuck tourists going to Dominican Republic anyway? Oh! I see…

The women’s movement Modemu, which groups more than 6,000 sexual workers, Friday demanded more respect from officials business and military leaders, and reiterated its rebuke to the creation of a red light district for them, as the bill pending in Congress stipulates.

Dominican Today: Prostitution leader rejects zoning, threatens to expose Dominican officials, military

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Former Canadian diplomat “Barbados a case study of systemic corruption”

 

“I have come to question the country’s laws and constitution and intend to expose the rottenness of its corrupt system.”

… former Canadian diplomat Isaac Goodine in his new book

Book be released on November 30th – Independence Day?

by Junior Campbell – AllVoices

I persist with Canadian diplomat Isaac Goodine’s story of how he and his family fell victim to fraudsters in my homeland because I believe that any hardship arising from this expose is outweighed by the benefits to Barbadians that may accrue from confronting the corruption that plagues the island.

In his book “How Barbados Works: A Case Study of Systemic Corruption” Goodine declares that his intention is not to tarnish Barbados’ image, but rather to demonstrate that “there are many honest ‘Bajans’ on the island and abroad, who are frustrated by the prevailing corruption in the system and feel powerless to bring about change by themselves.

The silenced majority

These Barbadans Goodine calls “the silenced majority” and states his intention to challenge some of them to tell the truth. He expresses the hope that persons in Barbados’ civil society will help the government and its agencies clean up their act.

“This is also their story.” he says.

“When their victims, local or foreign, lose confidence in them, it is the elites’ lofty positions and corresponding connections that intimidate many into silence.”

AllVoices & Junior Campbell publish Part 2 of excerpts from the soon to be released book by former Canadian diplomat Isacc Goodine: “How Barbados Works: A Case Study of Systemic Corruption

Also see BFP’s previous story: Former Canadian Diplomat to publish Barbados exposé – Corruption, Greed, Opportunism

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Former Canadian Diplomat to publish Barbados exposé – Corruption, Greed, Opportunism

Isaac Goodine thought he’d seen it all in Africa, Europe and the Middle East. Then he was posted to Barbados.

By Junior Campbell at AllVoices…

A Canadian diplomat’s story

Isaac Goodine was born into a poor family. As a small boy he learned to read by practicing on the articles and adverts that appeared in newspapers used as wallpaper to decorate his family’s home. As Ike grew older, hard work, humility and a passion for learning saw him work his way up to a position where he would represent his country on the staff of the Canadian Embassy in Barbados.

During his five-year posting there, he grew to love the island and its people, and he and his wife planned to retire there. Then Isaac got burnt in his financial dealings with Barbadians. He learnt painfully that welcoming Barbadians were not all as hospitable as they seemed. He learned about the opportunism and corruption that is particularly prevalent among Barbados’ educated elite.

Goodine’s distressing story is recorded in a document he has written entitled “How Barbados Works.”

Soon to be published by Intelek International, the booklet tells how Ike became an investor in a business venture called the Knowledge Development Institute (KDI).

KDI boasted an impressive leadership line-up, including prominent Barbadian “change catalyst” Dr. Basil Springer. The then Governor General of Barbados, Dame Nita Barrow (sister of Barbadian “Father of Independence” and National Hero Errol Barrow) was also associated with the organization.

(To be continued at AllVoices)

Junior Campbell is based in London, England, United Kingdom, and is an Anchor for Allvoices.

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Filed under Barbados, Business & Banking, Canada, Corruption, Ethics