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On July 31st this year, in record time almost, the Task Force chaired by now Special Advisor to the Government of Barbados, Mr. Ben Arrindell, provided to the Prime Minister the Hon. Mia Mottley and the Minister of International Business and Industry, a detailed and comprehensive report containing a myriad of recommendations on how Barbados should go about solving its BEPS’ problem.
This Ministry, through the International Business Unit, has been working closely with the Task Force and many other Government agencies, Ministers and individuals, and engaging the OECD’s Forum on Harmful Tax Practices’ Secretariat weekly, for months, to finalize Barbados’ Response.
Most of the new measures to which Cabinet has agreed is outlined within the attached speech. Of course, the administrative details will be made public in the coming weeks.
Click here to download the “BEPS – Positive Changes Ahead” speech.
