News
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UN Security Council supports Haiti in preserving stability
The UN Security Council said Monday that it remains committed to supporting the Haitian people in pursuit of peace, stability and prosperity. Masood Khan, president of the Security Council for this month, reaffirmed the commitment in a statement issued here after the UN body received a briefing by Mariano Fernandez, special representative for the secretary-general for the UN Stabilization Mission…
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United States issues final regulations to combat Caribbean offshore tax evasion
WASHINGTON, CMC – The United States Department of the Treasury and the Internal Revenue Service (IRS) have issued what they describe as “comprehensive final regulations” to combat Caribbean and other offshore tax evasion. The departments said the reporting and withholding tax provisions, commonly known as the Foreign Account Tax Compliance Act (FATCA), “target non-compliance by US taxpayers using foreign accounts.…
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Voters reject plans to legalise gambling
NASSAU, Bahamas, CMC – Bahamians voted overwhelming in a national referendum on Monday to reject proposals legalising web-shop gambling and a national lottery. Preliminary results showed that by a margin of almost two to one, the voters in this Caribbean Community (CARICOM) country voted “No” to the questions on “Do you support the regulation and taxation of web shop gaming…
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ACP welcomes new sugar vote in European Parliament
BRUSSELS, CMC – The Chairman of the African Caribbean and Pacific (ACP) Sugar Subcommittee, Dr. P.I. Gomes, has welcomed a vote in the European Parliament Committee on Agriculture and Rural Development which supports the extension of the current quota provisions until 30 September 2020. The ACP says the extension of sugar quotas will help to ensure fair, stable and reasonable…
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Revise CARICOM Treaty again; CARICOM passport currently useless- Fmr. Jamaica PM
GEORGETOWN, Guyana – Former Jamaica Prime Minister Percival Patterson Monday night urged an overhaul of CARICOM’s Revised Treaty of Chaguaramas and he expressed grave concern about the real value of the CARICOM Passport. While he said CARICOM has made progress in a number of areas, the former long-serving Caribbean leader identified several areas that needed very urgent attention. Though member…
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Venezuela’s Chavez Undergoes New Medical Treatment in Cuba
A Venezuelan government spokesman says President Hugo Chavez has begun a new round of medical treatment in Cuba, after battling complications from cancer surgery performed more than a month ago. Information Minister Ernesto Villegas, speaking Saturday, did not offer details of the newest treatment and did not provide new information on the cancer itself. But he said Mr. Chavez had…
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Global economic growth slowed in 2011 and 2012
PORT OF SPAIN, Trinidad – Global growth has slowed in the past two years and is forecast to remain sluggish in 2013. Some of the biggest risks facing the world economy—the breakup of the euro currency, huge tax increases and government spending cuts in the United States, and a sharp slowdown in China—were avoided last year. But two of the…
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