Wednesday, August 14, 2013

Barbados: New taxes and financial initiatives introduced to revamp economy

The Freundel Stuart administration in Barbados has announced a raft of measures designed to revive the island-nation's sluggish economy and speed up growth, with Finance Minister Chris Sinckler announcing the introduction of new "tax measures and fiscal initiatives".

Sinckler, delivering his first national budget since the Stuart administration won the last general election in February, insisted that new fiscal measures will bear fruit.

According to Sinckler, the implementation of the

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