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Excess liquidity in banks should be channelled towards green energy transition, says Greenidge
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Central Bank Governor outlines five-part strategy for sustainable economic expansion
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#BTColumn - What is a world class Barbados?
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The acceleration of the Caribbean Community (CARICOM) Single Market and Economy (CSME) will be critical for a more inclusive, effectively-functioning and integrated region, says CARICOM Secretary General Dr Carla Barnett.She said this was especially necessary given the various challenges facing CARICOM member states which included growing susceptibility to the impact of climate change as well as multiple and amplifying risks emanating from the global community including the ongoing war in Ukraine and the COVID-19 pandemic.“These challenges cannot be met by countries acting alone. They demand and they are receiving collective action [and] collective attention from our community,” she said.Barnett pointed to other risks such as supply chain disruption, food insecurity, cybersecurity and heightened anti-money laundering regulation.Barnett said while a lot of work has been done over the years towards a full implementation of the CSME, there was still a long way to go and regional count
Barbados and other Caribbean Community (CARICOM) member states are being warned of the need to adapt new corporation tax rules in order to protect their tax base in light of new global changes.This caution has come from Secretary General of the CARICOM Secretariat Dr Carla Barnett, as she addressed the second Distinguished Owen S. Arthur Memorial Lecture at the Errol Barrow Centre for Creative Imagination on Monday on the topic The Future of CARICOM: Charting a Vision for the Region’s Economic Advancement.Barnett said the time had come for the region to review its double taxation regime and prepare to put new corporation tax rules in place in light of the changing global requirements.“Alongside the initiative to modernise and further develop the CARICOM financial sector and the common investment space, is the reality of the evolving global tax governance agenda and financial regulatory architecture,” she said.“The intra-CARICOM double taxation agreement which predated the revis