Antigua Gets Tough On Corporate Tax Evaders

by Amanda Banks, Tax-News.com, London

06 December 2002

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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