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EU Funding To Boost Caribbean EPA Implementation 5/25/2012 The Caribbean Development Bank and the European Union have agreed to fund a multi-million facility to aid members of the Caribbean Community in implementing the necessary reforms to allow them to fully benefit from the preferential trade conditions provided for in the CARIFORUM-EU Economic Partnership Agreement.
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US Issues Annual IPR Country Report 5/3/2012 The Office of the United States Trade Representative has released its annual
‘Special 301 Report’ on the perceived adequacy and effectiveness of
US trading partners’ protection and enforcement of intellectual property
rights (IPR).
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Jamaica To Launch Tax Information Exchange Office 3/16/2012 The Jamaican government has announced that it will soon launch an Exchange of
Information Office to ensure the territory deals with tax information requests efficiently and in a timely manner, and also to bolster the nation's own tax enforcement efforts against non-compliant domestic taxpayers.
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CARICOM Trade Bloc 'In Crisis' 3/1/2012 The Caribbean Community, an economic bloc among Caribbean territories, is at breaking point, according to a document circulated among its fifteen member states which urges rapid structural and operational reform.
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UK, Caribbean Talks Focus On APD 1/25/2012 Leaders from Caribbean nations and the United Kingdom agreed at the end of a two-day summit an action plan to establish 'a new and improved strategic partnership to promote prosperity'. Importantly, the UK government committed to reopen negotiations to mitigate the impact of the UK's air travel tax on Caribbean territories.
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Barbados Tops Caribbean In Anti-Corruption Report 12/9/2011 The Caribbean arm of Transparency International has published its 2011 Corruption
Perceptions Index for 2011, providing insight into the levels of corruption present in Caribbean territories, including those with international
financial centres.
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CARICOM Welcomes Progress Towards FTA With Canada 10/5/2011 Caribbean Community Secretary-General Irwin LaRocque has welcomed progress
towards the CARICOM-Canada Trade and Development Agreement, and praised Canada's
'keen and earnest approach'.
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Jamaica To Forge Ahead With Tax Reform 9/2/2011 Jamaica has a good chance of successfully reforming its tax system, the country's Inter-American Development Bank representative has said.
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Jamaica, Costa Rica Attempt To Move Trade Deal 8/19/2011 Jamaica and Costa Rica are attempting to press forward with the formal implementation of a seven-year-old free trade agreement, and have held talks designed to move the process along.
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Jamaican Tax Review Slated For September 8/15/2011 A review of Jamaica's planned tax reforms is to get under way in September, and will scrutinize the government's proposals for creating an efficient, simple and fair tax system.
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Jamaica To Slash Budget Spending 7/27/2011 Jamaica will soon face a raft of inevitable spending cuts, the Finance Minister Audley Shaw has said, announcing that an early supplementary estimate is to be tabled in parliament within the next two months.
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Jamaican Tax Reforms Under Review 7/15/2011 A parliamentary committee is to review the Jamaican government's proposals for a major overhaul of the country's tax system, which are due to be introduced in stages, beginning in January, 2012.
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CARICOM To Discuss EU EPA 6/3/2011 The Caribbean Community is to press forward with its implementation of the European Union Economic Partnership Agreement, with an impending meeting expected to discuss the deal's intricacies.
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CARICOM To Suspend Common External Tariff 5/27/2011 Members of the Caribbean Community look set to suspend their Common External Tariff in the battle against the rising cost of fuel and commodities in the region.
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CARICOM Outlines Trade Negotiation Priorities 5/20/2011 As members of the Caribbean Community gather to discuss the region's external trade agenda, CARICOM has released a snapshot of what it calls the state of play of ongoing negotiations.
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Jamaica Publishes Tax Reform Paper 5/17/2011 A major overhaul of Jamaica's tax system has been proposed by the government, with reduced consumption and corporate tax rates, coupled with a rise in income tax thresholds, intended to provide economic growth and generate competitiveness.
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CARICOM To Hold Talks On EU Trade Deal 5/11/2011 During an important upcoming round of talks, members of the Caribbean Community are to discuss the implementation of the CARIFORUM-EU Economic Partnership Agreement, which aims at establishing a trade relationship which promotes the gradual integration of the CARIFORUM countries into the world economy.
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Jamaican Budget Launches Tax Reform 5/4/2011 With a Budget speech stressing the need to "kick-start growth in a big way", Jamaica's Finance Minister announced his intention to bring about fundamental change in the country's tax culture, with reforms designed to broaden the tax base, improve compliance, growth and competitiveness, and maintain economic stability.
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Jamaican Fuel Tax Rolled Back 4/13/2011 Amidst threats of widespread protests by the country's opposition party, the Jamaican government has announced a substantial reduction in the ad-valorem tax on fuel, taking the duty to levels last seen when the price of oil on the world market stood at USD80 per barrel.
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Jamaica Aims For Tax Administration Unification 4/8/2011 The Jamaican government's endeavour to establish a unified domestic tax administration has been given a boost by the passage of an Act establishing a new Tax Administration Jamaica department.
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Jamaica Announces USAID-Funded Tax Reform 2/3/2011 The Jamaican government has announced that it is in negotiations with the United
States Agency for International Development for a loan of USD75m to finance
the government’s tax administration reform programme.
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Caribbean Sharpens Response To Financial Crime 1/19/2011 In an effort to sharpen the regional response to transnational organized crime,
the Caribbean Community Implementation Agency for Crime and Security and the Caribbean
Financial Action Task Force have signed an agreement, laying down a framework for combating
financial crimes including money laundering.
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Canada Signs Aviation Agreements With Caribbean 12/24/2010 Canada’s Minister of Transport, Infrastructure and Communities, Chuck
Strahl, and Minister of International Trade, Peter Van Loan have announced the
conclusion of 'open skies' air transport agreements with the Caribbean territories of
Jamaica and Trinidad and Tobago.
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IMF Formulating Fiscal Plan For Indebted Caribbean 11/19/2010 The International Monetary Fund has announced the launch of a forum aimed at
drafting fiscal solutions for Caribbean territories, many of whom, due to the
financial crisis, have experienced significant expansion in their already
unsustainable deficits.
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Caribbean Urges Change To UK Flight Tax 11/17/2010 The Caribbean Tourism Organization has noted the publication of a report that comprehensively
analyzes the impact of the UK's aviation tax, the Air Passenger Duty, on the tourism
industries of Caribbean territories.
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UK Leads EU Tax Rate Hikes 10/12/2010 New research from KPMG has shown that workers in the United Kingdom are suffering more than most as a result of post-crisis tax policy, with the UK’s
personal income tax rates now the fourth most punitive in Europe, up from thirteenth
a year prior.
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UK Slammed For Turks And Caicos Intervention 10/11/2010 The Caribbean Community has released a statement noting its 'great concern' that the British government has decided to postpone general elections in the Turks
and Caicos Islands indefinitely.
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Global Tax Forum Issues Peer Reviews 10/4/2010 The Global Forum on Transparency and Exchange of Information for Tax Purposes has issued the first phase of peer reviews covering the legal and regulatory frameworks for transparency and exchange of tax information in Bermuda, Botswana, Cayman Islands, India, Jamaica, Monaco, Panama and Qatar.
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Caribbean Airways Commits To Latest ATR Aircraft European turboprop manufacturer ATR and Trinidad and Tobago’s Caribbean Airlines have announced the signature of an agreement for the purchase of ATR 72-600 aircraft, worth USD200m. |
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Caribbean Intensifies Lobbying Against UK Air Tax 9/8/2010 The Caribbean is to intensify efforts to establish a 'fairer passenger tax system' in
the UK during an official visit to the city of London, which will include a
series of meetings between high-level officials and parliamentary
bodies, the Caribbean Tourism Organization said.
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Caribbean Is Urged To Adopt VAT 8/12/2010 Owen Arthur, the former Prime Minister of Barbados,
has described value-added tax as the best option for the Caribbean region
in the age of trade liberalization.
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Singapore Expands Open Skies Agreement Network 7/23/2010 Singapore has announced the signing of Open Skies Agreements with Barbados,
Brazil, Jamaica and Rwanda, at the International Civil Aviation Organisation
Air Services Negotiation Conference 2010, held earlier this month in Jamaica.
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Jamaica Signs 15 Air Transport Agreements 7/12/2010 The Jamaican government has announced that it signed a total of fifteen Air
Services Agreements at an International Civil Aviation Organization conference
which ended on July 2.
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Caribbean Amongst Last Regions To Recover 4/26/2010 Commenting upon the release of the International Monetary Fund’s World Economic Outlook Report, Chief of the World Economic Division, Petya Koeva Brooks, warned that the Caribbean region can expect a protracted recovery from the financial economic crisis, despite a return of more favorable conditions globally.
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Jamaica Promotes Compliance, Not New Taxes 4/23/2010 Jamaica’s Minister of Finance, Audley Shaw, told attendees at a recent
forum that the territory would not introduce any new taxes over the next two
years as a result of the recent agreement signed with the International Monetary
Fund.
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Jamaica Hikes Property Tax 4/7/2010 The Jamaican Minister for Finance and the Public Service, Audley Shaw has announced
that the territory's property tax rates have been increased.
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Jamaica Introduces Air Tax 3/23/2010 The Jamaican government has approved the introduction of a USD8 tax on round trips
to Jamaica by air, to be added to the price of tickets to the Caribbean island.
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OECD Reviews Tax Transparency 3/23/2010 18 countries participating in the Global Forum on Transparency and Exchange of Information have been included in the first phase of a peer review process.
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US Backs Caribbean Aviation Safety 3/19/2010 The United States Trade and Development Agency has backed the Caribbean Aviation
Safety and Security Oversight System with a grant of USD207,000. The System
is currently being ratified by Caribbean nations for implementation in the near
future.
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