Author Archives: David

Support Local: re-Discover Program a Hit

Adrian Loveridge

Adrian Loveridge

While I can see the attraction of corporate Barbados offering Caribbean cruises as competition prizes or sales inducements, it is difficult to accept what if any real benefit the country gleans from the exercise. Payment almost certainly would ultimately be made in foreign currency (FX) to ship operators who legally avoid any significant taxation and largely employ extra regional crew.

We have been heartened at the initial response to recent launch of re-DISCOVER REWARDS vouchers by local companies, especially as many of those who have responded are looking at it from a national perspective. These businesses have made a considered decision to help protect Barbadian jobs, whether directly in the hospitality industry or sub-sectors like agricultural, food and wine distribution. Many of the participating restaurants have also made a conscious effort to use locally available produce which again helps retain the FX and hopefully spread earned revenue right across the society.

While not wanting to use this column for propaganda or promotion, I just wonder how many people have figured out that this initiative is, to the best of my belief, absolutely unique across the Caribbean. It is a point that has not gone unnoticed by both our tourism planners and potential visitors to Barbados. It was truly heart warming to receive a social media posting from a professor in Canada recently, who stated that one of the deciding factors why they chose us over another Caribbean island was the fact they could eat every night of their stay at a different affordable restaurant, even over a three week stay.

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Support Local Agriculture, Eat Food Produced Locally

Barbados needs to protect local food production

Barbados needs to protect local food production

BU commenter Colonel Buggy responded to the question on the blog Tourism Sector a Cadre of Beggars – what is the answer for food security and the reduction of the food import bill in Barbados …?

First of all we have to instil in our people the need to eat what we grow, and not to hanker for the fast foods, whose raw materials are mostly imported. Or, as the Dipper would have said, we have to take back the hearts and minds of our people from the Confederate Colonel of the South.

Free up some of the hundreds of acres of former productive lands, now in bush, to persons interested in farming.

Allow farmers, who so wish to live on the land, even if they are restricted to chattel homes only, as this is one measure that will minimise the incidents of praedial larceny. And all farmers living on and working their lands should be exempt the impost of this increase in land tax,which came in the guise of a solid waste tax.

Many countries give meaningful concessions to farmers, i.e. duty free equipment. In Barbados, concessions are so petty and bureaucratic that many farmers prefer not to bother with them. During the last war, and subsequently in National Service, in the UK, many farmers and farm workers were exempt military service, as farming was seen as an essential National Service of its own.And this is still true today.

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Barbados Under Threat from the OECD, AGAIN!

Chris Sinckler, Minister of Finance - Fyi

Chris Sinckler, Minister of Finance – Fyi

There is also the question of whether global reforms could disadvantage Canadian-based multinationals, which have increasingly looking to offshore jurisdictions, most notably Barbados, as conduits to invest overseas. More than $60-billion flows through or is kept in Barbados, where the corporate income tax rate is 2.5 per cent. While some of that is private wealth being stowed offshore, much of the money is being used by Canadian companies doing business in other countries around the world – Global watchdogs take on the corporate tax dodgers

There was a time when tax treaties with little islands like Barbados gave the opportunity to foreign companies (captive insurance) to exploit tax structures to secure profit. In a post OECD active world, developing countries including Barbados, have had to withstand the piercing glare of the most powerful countries in the world.   In is instructive this weekend finance ministers from the world’s 20 largest economies have gathered in Australia AND the main agenda item if you are curious? “ To to squeeze billions of dollars more in taxes from the world’s largest companies … to plug the gaping loopholes in the international tax system that allow multinationals to slide substantial profits into tax havens or low-tax countries, depriving governments of badly-needed revenue”.

It is an open secret the opinion OECD counties hold for countries like Barbados who use double taxation treaties to lure multinationals from developed countries.  Minister Donville Inniss, as is his wont, has voiced his displeasure at the OECD moving the ‘goal post’. The world’s powerful countries are intent on blocking flight of capital from their jurisdictions and Inniss can continue to utter his usual high level of political rhetoric, there is not one iota he can do about it.

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The Dirge We’re In

Submitted by Beresford
Ronald Jones, Minister of Education promised 3,000 bursaries...

Ronald Jones, Minister of Education promised 3,000 bursaries…

Not satisfied with forcing Barbadians into resignation of their harsh economic fate by a witches’ brew of lies, scorn and ineffectiveness, the Government continues its rabid behaviour by fermenting a new platform of statements so stupid the instant reaction is to stupse and dismiss them.

Dennis Lowe continues to distinguish himself as one not fit to hold any position at all of authority. In shooing away the massive piles of garbage, his answer is that this “is not unusual” at this time. And in support, Lowe references garbage collection in July, in the heat of Crop Over.

Lowe does not know much, but he should know this is the end of September. If Crop Over garbage can be picked up, and quickly, too, the Minister of Confusion in Every Area should find some commonsense to know that with much less garbage, we are facing a serious issue.

Have the trucks off the road been repaired? New ones bought? Or instead of looking after the most basic health provisions, long established in Barbados and for which citizens are paying for through their teeth, the DLP Government prefers to waste money journeying here, there and everywhere.

Which brings us to, as Barbadians say, “igrant” statement No. 2.

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Blacks, Religion and Stockholm Syndrome

Submitted by Bentley

This [Stockholm Syndrome] explains the very strong connection that people of (recent, since all humans are) African descent have with religion.  Religion (Christianity, Islam) has been consistently and unrelentingly forced on Blacks from the time of slavery to the point where the vast majority of black people are now adherents to one or the other.  This is almost always to their own detriment.  As a group blacks are the poorest, most downtrodden people on earth and it all started with

Scotland and CADRES

Submitted by Douglas
Peter Wickham - CADRES

Peter Wickham – CADRES

Does it sound familiar? Just rewind to 2013 and the Barbados general election. A particular pollster/political guru had the DLP to get whitewashed; or as we would say in local lingo – ‘catspraddled’. Well, we all know the outcome; the DLP was returned to office, and that pollster/pundit, who had egg all over his face, now spends every waking hour excoriating the government on air and in print. Big Joker!

Heard him a week or so ago pontificating that the Scottish people deserve better and a ‘Yes’ vote would shake-up Whitehall. However, when a caller tried to put him on the spot and asked him to predict the outcome, he was somewhat non-committal and hedging; probably remembering how he and the Belle Tower made a fool of themselves in 2013. I am waiting to hear that pollster on last night’s result. I am sure he will do a volte-face; that is his accustomed mo.

Scotland’s Referendum is an object lesson for the self-righteous. People Power always wins out. For the record, I was hoping and wishing for a ‘No’ result. It makes sense. Alex Salmond wanted to have his cake and eat it too – aka- the best of both worlds.

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Bus Terminal Dispute – The Next Generation

The term is not into Week III and ….

God help us!