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Barbados Lifts Taxes On Computer Hardware And Software

by Amanda Banks, Tax-News.com London

06 October 2003


All taxes on computer hardware and software have been eliminated by Barbados as the government attempts to encourage development in hi-tech business and information technology.

According to Senator Phillip C. Goddard the measure is just one of a series of initiatives being used to spur investment in the IT sector in the jurisdiction, including an updated consumer protection law and a new electronic communications bill. He also revealed the government is working on online privacy legislation and an anti-computer crime law.

In a Barbados Advocate report, Mr Goddard stressed the importance of encouraging growth in the IT sector not just in his country but in the small nations in the Caribbean and elsewhere in order to keep pace with the "massive change" taking place in the way business is done in the global community.

However, Goddard warned that more must be done, for instance by the World Summit on the Information Society to assist small island developing states to develop their IT capabilities.


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