February 18, 2015
Grenada Gets $1.6 Million Grant from Germany for Green Energy
Germany’s government has agreed to provide just under $1.6 million in funding to support reforms in Grenada’s energy sector. The funding from Germany’s Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety is for a…
February 17, 2015
Greece is set to request a loan extension, reports say
Greece is expected to request a six-month extension of its loan agreement on Wednesday, according to reports. The loan would not be an extension of the current bailout agreement, which includes strict austerity measures, Greek government officials…
February 16, 2015
US178.3M SURPLUS A REFLECTION OF TOURISM PARTNERS’ MARKETING EFFORTS
The Dr. Rufus Ewing led administration recently announced its achievement of US$178.3M for the first three quarters, and the Turks and Caicos Hotel and Tourism Association – TCHTA – is commending the administration for a job well done in achieving…
February 16, 2015
Global dividend income hits new record of $1.167 trillion
The total dividend income paid to shareholders around the world rose by 11% last year to $1.167 trillion, according to investment firm Henderson Global Investors. The biggest increase in cash payouts came from US firms at $52bn. Henderson said…
February 10, 2015
Lime to pay millions to Digicel for wrongly withholding money
Telecommunication company LIME is to pay more than J$1.5 billion (One Jamaica dollar =US$0.0087 cents) to Digicel (Jamaica) Limited for wrongly withholding money due for calls from LIME’s fixed-line customers to Digicel mobile phones,” the Jamaica…
February 10, 2015
SEC sues Cayman Islands bank and four other companies
The United States regulatory agency, the Securities and Exchange Commission (SEC) has sued the Cayman Islands-based Caledonian Bank and four other companies, claiming that they took more than US$75 million from unregistered sales of “virtually…
February 10, 2015
Several Dominicans figure in Swiss bank scandal
23 people linked to Dominican Republic, including some Dominicans figure with US$34.3 million in accounts in Switzerland’s HSBC bank subsidiary, according to a filtered list of people which the entity allegedly helped dodge taxes or launder money.…
February 3, 2015
Obama sends record US$4t budget to Congress
President of the United States Barack Obama sent Congress a record US$4 trillion budget Monday that would boost taxes on higher-income Americans and corporations, pushing past tight federal spending caps to fund an ambitious public works programme…
February 3, 2015
EU tax probe widened to Belgium
The European Commission has widened its corporate tax probe to include Belgium's rules on so-called "excess profit". It is the latest European Union member state to have its tax regime put under the spotlight. The Commission is investigating whether…
February 1, 2015
Obama plans tax on US firms overseas to fix roads at home
US President Barack Obama plans to close a tax loophole that allows US firms to avoid paying taxes on overseas profits, the White House says. His 2016 budget will impose a one-off 14% tax on US profits stashed overseas, as well as a 19% tax on any…