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Belize News

Developing Nations Told To Wind Up Tax Schemes

by Ulrika Lomas,, Brussels

Thursday, November 1, 2012

The World Trade Organization's Committee on Subsidies and Countervailing Measures has granted a final extension to the transitional period - until the end of 2013 - for the removal of tax-based export subsidy programmes by 19 developing countries. Read Full Story


CSME Still On Course, Says Barbados PM

by Amanda Banks,, London

Tuesday, October 16, 2012

Barbados Prime Minister Freundel Stuart has sent a clear message that the implementation of the Caribbean Community Single Market and Economy is still a key agenda for regional governments despite the significant hurdles that have been encountered since the negotiation process first began in 1989. Read Full Story


Belize In Bond Chokehold, Nears Default

by Mike Godfrey,, Washington

Friday, August 24, 2012

The government of Belize confirmed on August 20, 2012 that it is was unable to find USD23m to pay creditors a scheduled coupon payment as part of a USD544m bond deal negotiated prior to the financial crisis, which as of 2012 pays a yield of 8.5%. Read Full Story


CARICOM Pushes For Conclusion Of Canadian FTA

by Amanda Banks,, London

Wednesday, July 11, 2012

At the recent Caribbean Community heads of government meeting in Saint Lucia, Barbados Prime Minister Freundel Stuart expressed optimism that Canada and the Caribbean Community could agree to a free trade agreement to replace the CARIBCAN preferential trade programme with Canada before the arrangement expires at the end of the year. Read Full Story


11% VAT Rate Confirmed For Turks And Caicos

by Phillip Morton, Investors

Monday, July 9, 2012

The interim government in the Turks and Caicos Islands has confirmed in a recent White Paper the structure, rates and date of implementation for the islands' upcoming value-added tax regime. Read Full Story


Belize Budget Overhauls Energy, Tourism Taxation

by Leroy Baker,, New York

Thursday, July 5, 2012

The recently-delivered Belizean budget for the fiscal year 2012/13 contains a number of largely tax-neutral proposals to restructure aspects of the nation's tax regime. Read Full Story


EU Funding To Boost Caribbean EPA Implementation

by Ulrika Lomas,, Brussels

Friday, May 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. Read Full Story


France Publishes Revised 2012 'Black List'

by Ulrika Lomas,, Brussels

Thursday, April 26, 2012

French Finance Minister François Baroin and Budget Minister Valérie Pécresse have recently updated the country’s ‘black list’ of countries deemed to be ‘uncooperative’ in tax matters. Read Full Story


CARICOM Trade Bloc 'In Crisis'

by Amanda Banks,, London

Thursday, March 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. Read Full Story


UK, Caribbean Talks Focus On APD

by Amanda Banks,, London

Wednesday, January 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. Read Full Story



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