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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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SVG's Tax Transparency Endorsed 4/20/2012 Saint Vincent and the Grenadines has welcomed the adoption of a report
by the Organization for Economic Cooperation and Development that
confirms the territory has adequate frameworks in place to meet international standards on tax transparency
and information exchange.
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OECD Issues New Peer Reviews 4/5/2012 The Organization for Economic Cooperation and Development, publishing eleven new peer reviews, has said that the vast majority of territories which have been subject to critical assessments have implemented satisfactory legislative regimes that can facilitate the exchange of information on request.
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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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Canada, SVG Begin Tax Information Exchange 10/13/2011 Last year's tax information exchange agreement signed between Canada and St. Vincent and the Grenadines has entered into force, the provisions of which are based on the Organization for Economic Cooperation and Development’s internationally agreed standard on exchange of tax information.
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Caribbean Territories Sign Up To Anti-Corruption Drive 9/15/2011 A number of offshore Caribbean territories have notified their consent to receive
on-site visits to evaluate their compliance with the Inter-American
Convention against Corruption.
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SVG Looks To Maintain Competitiveness 9/1/2011 Following
economic contraction in 2010, the government of Saint Vincent and the Grenadines plans to implement reforms to enhance
the territory's attractiveness to international investors to combat its deficit, adding to tax reforms announced earlier in the year.
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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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Four UK-Caribbean TIEAs Enter Into Force 5/31/2011 The UK's tax information exchange agreements with four Caribbean countries have entered into force, each of which complies with the standards laid down by the Organisation for Economic Cooperation and Development.
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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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OECS Working With WTO On Tariffs And Tax 5/16/2011 Following recent consultations in Dominica between the Organisation of Eastern Caribbean States's World Trade Organization members, the OECS has said that securing flexibility in negotiations on tariff liberalization will enable its governments to avoid cuts to border taxes.
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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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SVG Budget Focuses On Property Tax 2/3/2011 Prime Minister and Finance Minister of Caribbean territory Saint Vincent and the
Grenadines, Dr Ralph Gonsalves has detailed a number of increases to taxation
in the territory in his 2011 Budget.
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Eastern Caribbean Faces Fiscal Challenges 1/28/2011 The International Monetary Fund has published recommendations for governments
in the Eastern Caribbean Currency Union in respect
of the fiscal challenges they face from the protracted global recession, and the fall
in tourism receipts.
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Antigua And Barbuda First To Ratify OECS Economic Union 1/5/2011 The Prime Minister of Antigua and Barbuda, Baldwin Spencer, on December 30 became
the first signatory to ratify the Revised Organization of Eastern Caribbean States
Treaty of Basseterre, a first step toward establishing the OECS Economic Union.
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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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SVG Sells State-Owned Bank 10/12/2010 The government of Saint Vincent and the Grenadines has announced that, through
an agreement with the Bank of Saint Lucia’s parent company, it has privatized
the state-owned bank, the National Commercial Bank (SVG).
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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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OECS To Remove Export Subsidies 5/14/2010 Trade officials from members of the Organization of Eastern Caribbean States concluded talks on May 11, 2010, on
withdrawing government subsidies to the region’s exporters by the end
of 2015, as part of an agreement concluded with the World Trade Organization.
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Brazil Calls For Mercosur-Caricom FTA 4/28/2010 During the CARICOM-Brazil Summit on April 26, delegations from the Caribbean Community and Brazil discussed enhancing trade ties following the opening of the Takutu River Bridge in September 2009, which creates a physical link between Guyana and Brazil.
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Liechtenstein Parliament Approves Multiple TIEAs 4/27/2010 Liechtenstein’s parliament has, by a large
majority, approved 11 tax agreements submitted by the government and which are compliant with the Organization for
Economic Cooperation and Development’s standards on tax information
exchange.
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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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SVG Government Notes White Listing 4/14/2010 The government of St Vincent and the Grenadines has announced considerable progress on substantially implementing global tax standards on tax
information exchange and transparency, which has secured the territory a place
on the Organization for Economic Cooperation and Development's ‘white list’.
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Germany And St Vincent Sign TIEA 4/2/2010 Germany and the Caribbean territory, Saint Vincent and the Grenadines signed
a tax information exchange agreement in London on March 29, 2010.
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Caribbean Territories White-Listed 3/26/2010 The Organization for Economic Cooperation and Development has welcomed a late drive
by three Caribbean territories to conclude multiple tax information exchange agreements to gain
a place on the list of territories that have substantially-implemented the internationally-agreed
standard in transparency and tax information exchange.
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Nordic Countries Conclude More TIEAs 3/25/2010 The Nordic Council, comprising of the Faroe Islands, Finland, Greenland, Iceland, Norway and Sweden, has recently announced the signing of tax information
exchange agreements with St Vincent and the Grenadines and St Kitts and Nevis.
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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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New Zealand Adds Two More TIEAs 3/17/2010 New Zealand’s Revenue Minister, Peter Dunne, has announced the signing of
two new tax information exchange agreements, one with Dominica and the
other with St Vincent and the Grenadines.
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