Antigua Gets Tough On Corporate Tax Evaders
It emerged this week that the government of Antigua is getting tough on long-term
corporate tax evaders. Having bent over backwards to accommodate over 60 defaulting businesses - some
of which have arrears dating back to 1993 - even lowering the corporate tax rate
from 40% to 35% in order to encourage them to pay, the authorities have finally
lost patience, according to the Antigua Sun. Speaking to the newspaper, the Commissioner of Inland Revenue, William Schouten
revealed that bailiffs have already begun serving warrants in order to recover
the $70 million owed in back taxes: 'This action will continue during the course of the next week until these people
settle their unpaid contributions. We have already served notices on these people,'
he explained, adding that: 'I can't see why the hysteria - nobody's being picked
on, it is straight across the board.' .
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