Section
Markets, enterprise, and economic developments.
Lead story
Employees of The Barbados Advocate face ongoing payment issues as the company struggles to collect money from debtors, leading to extended periods without salaries.
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The global business sector in Barbados has shown resilience and continued to contribute significantly to the local economy, with the government reporting over 70% of tax revenues coming from the sector. Despite challenges like the COVID-19 pandemic, the sector has remained strong and stable, contributing to various sectors such as real estate, tourism, and salaries. The sector will be further discussed and explored during Global Business Week 2023, where topics like cross-border transactions and global minimum corporate tax will be examined. The sector's strength and resilience are attributed to its ability to adapt to changing regulations and international standards.
The Auditor General's report reveals discrepancies within the operations of the Barbados Revenue Authority, including errors in income tax receivables and tax refunds. The BRA attributes some errors to system issues and delays in providing correct information. Prompt action is needed to address these significant challenges.
Discover the inspiring life and career of Professor Sir Henry Fraser, a renowned figure in accounting and risk management, through his autobiography and numerous professional accomplishments.
Aria Howell, inspired by her family's entrepreneurship, has launched Ohmigosh by Ari, offering all-inclusive children's spa parties with services, food, decor, and skincare products.
