Former Barbados PM Says Sandals Concessions Were A Bad Move

Former Prime Minister Owen Arthur is contending that tax concessions granted to the Caribbean hotel chain Sandals are hurting the island’s finances, already reeling from a decline in revenue from the offshore financial services sector.

Presenting a lecture recently, he said an already eroding tax base occasioned by changes to the second largest revenue earner – the offshore sector – was made worse by the concessions, not
only to Sandals, but to the entire tourism sector, the island’s primary money earner.

Read more: http://www.caribbean360.com/business/former-barbados-pm-says-sandals-concessions-bad-move#ixzz4RQpr23j5

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