On February 18th, the following Bills were read in the
House of Assembly for the first time and it was publicly announced that the
Debate would take place on March 4th and 5th :
The Hotel Tourism and Restaurant Taxation Bill (HRTT)
which provided an overhaul to the Law passed since 1985 allowing for a
modernization of the law and a strengthening of the collection of taxes;
The HRTT (Amnesty) Bill which allowed for an Amnesty
commencing April 1st and allowing for a waiver of all penalties and
payable on any outstanding taxes due and payable under the Hotel, Restaurant
and Tourism (Taxation) Ordinance for the years up to and including the year
ending 31 March 2019.
The HRTT (Validation) Bill which sought to ratify past
actions.
Regrettably not all persons were able to hear the
Debate in the House of Assembly where three serving former Ministers quite adequately
shared their thoughts on why we were where we are today.
Of particular concern was the Amnesty Bill that offers
relief to 41 local and expatriate owned Businesses. I offer again the following
facts as stated during the Debate:
There has been NO
WRITE OFF OF TAXES for any Business.
Financial Implications
There are
currently 41 establishments that are
in arrears position of which 7 have
been refferred to AG Chambers, 15
have paid the entire principal amount but not the interest (not accruing), and 19 have made no payments. (interest
accruing).
Of the 19
businesses, Beaches TCI and Club Med
collectively account for 96% of the
amount outstanding. Should these businesses opt to benefit from the Amnesty, $28,638,820 of principal will be
collected and $85,191,912 in
interest will be forfeited.
Total amounts in
arrear of principal and interest are $29,684,123
and $89,147,690 respectively as at January 31, 2019.
On the matter of Beaches, three former Ministers of Finance currently serving correctly
summed up the situation as it relates to Beaches. Hon Derek Taylor spoke to the
fact that the actions should be considered for what it is: a cleaning up
exercise; Hon Royal Robinson offered that it was a matter that the issue has
run on so long and now the “chickens have come home to roost and certain
adjustments must be made” and Hon Washington Misick stated that he believe that
this was a genuine oversight by all Governments: PDM and PNP since 1997. I
agree with all save for the fact that I
have every reason to believe that the immediate past Minister of Finance had
knowledge of this matter and in fact his Party has issued a Release saying that
he commissioned the Audit that revealed the Findings. The Audit covered
September 2014 – August 2016 and it revealed that though Beaches and successive
Governments operated on the understanding that it should pay 60% of the 12%
tax, there was no written evidence save a letter written by Hon Washington Misick
in 2014 confirming this to be the practise. Despite the findings revealing the
oversight on the part of all successive governments, my Government has requested
the payment of the full 100% of taxes for this period. I wish to thank the
Revenue Control Unit for its work. In addition I wish to assure the public that
Beaches and Club Med continues to pay its monthly taxes before the statutory
deadline.
As it relates to Club Med, who since its opening has been allowed to pay 40% of the
12% tax under a Development Agreement. This Development Agreement has since
expired and the former Administration had continued to collect under the same
rate under the expired Agreement.
To this end, the Revenue Control Unit
had to asssess both establishments on 100% and this is the matter before us.
Only Penalties are proposed to be written off. Penalties under the current Ordinance calculates monthly at
10% compounded. For an amount outstanding of $29,684,123, the total penalties
are $89,147, 690. To be clear all businesses owing under this Audit are now
attracting 240% in interest/penalty on the original taxes owed. As an example
if a business owes $10,000 in taxes, it now attracts a penalty/interest of
$38,000.00 for the Audit period. While penalties have been put in place to
deter late payments, we believe the rate of 10% compounded monthly was too
onerous and have reduced the rate and how it is calculated going forward under
the new Ordinance passed on Monday.
I wish to confirm that local businesses will benefit under this Amnesty. Despite there
being no request by the Opposition for a list of proposed beneficiaries, I now
release the list of businesses that stand to benefit under the Amnesty Program
and encourage them to take advantage of the offer that allows payment plans for
up to 2 years. I appeal especially to locally owned businesses that have
popular standing. We are more than happy to be able to provide such an
opportunity.
Magnetic Media is a Telly Award winning multi-media company specializing in creating compelling and socially uplifting TV and Radio broadcast programming as a means for advertising and public relations exposure for its clients.
Turks and Caicos, December 4, 2025 – The Turks and Caicos Islands this week became the centre of regional security cooperation as senior defence leaders from across the British Overseas Territories gathered in Providenciales for the 4th Annual Overseas Territories Commanding Officers Conference — a three-day summit focused on strengthening capability, maritime readiness, and inter-territorial partnerships.
Acting Governor Anya Williams and Premier Charles Washington Misick, OBE, on December 1, welcomed Lord Lancaster, a key figure in the establishment of the TCI Regiment and the current Honorary Colonel of the Cayman Islands Regiment, for a courtesy call and high-level briefing session. Lord Lancaster joined Permanent Secretary for National Security Tito Lightbourne, TCI Regiment Commanding Officer Colonel Ennis Grant, and Commanding Officers from Bermuda, Cayman, Montserrat, the Falkland Islands, and UK defence representatives.
The visit, along with the wider conference agenda, signals a meaningful step forward for the rapidly evolving TCI Regiment, which has grown into a crucial national asset for disaster response, coastal security, joint operations, and resilience planning. Lord Lancaster’s presence carries additional significance: he was instrumental in shaping the Regiment’s formation in 2020 and remains a vocal advocate for expanding the capabilities of small-territory defence units within the UK network.
At the conference’s opening ceremony, Acting Governor Williams emphasised the importance of “collaboration and strategic leadership across the Overseas Territories,” noting that shared challenges — from climate shocks to transnational crime — demand a unified approach. The Permanent Secretary echoed this, highlighting increased maritime coordination and training pathways as areas where the TCI is seeking deeper integration with its regional counterparts.
Throughout the week, Commanding Officers participated in strategic discussions, intelligence and security briefings, resilience planning sessions, and on-site engagements showcasing the TCI’s developing operational infrastructure. The agenda also focused on improving interoperability — ensuring that Overseas Territories regiments can operate seamlessly together during disaster deployments, search and rescue missions, and joint maritime operations.
For the TCI Regiment, hosting the conference marks a milestone: it positions the young force as an active contributor in shaping the region’s security future rather than merely a participant. Leaders left no doubt that the momentum is intentional — and that the Turks and Caicos Islands are strengthening their role within a broader, coordinated defence framework designed to safeguard shared interests.
Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.
Turks and Caicos, December 4, 2025 – For the first time in his long political career, former Premier Michael Misick appeared on Drexwell Seymour’s “Financially Speaking” radio programme this week — and he used the platform to forcefully reject the Government’s new 60/40 business-ownership model, arguing that Turks and Caicos Islanders are once again being positioned to lose ground in their own country.
The interview came at a pivotal moment: the Washington Misick Administration has just issued a detailed press statement confirming that the controversial 100% Islander-only ownership requirement — praised by some as overdue protectionism and criticised by others as unconstitutional and discriminatory — was never Cabinet’s intended position. A “drafting error,” the Government now says, caused the blanket 100% clause to appear in the Business Licensing (Amendment) Bill, prompting a pause in Parliament and a full review.
This week, Cabinet reaffirmed its balanced 60/40 framework, arguing that meaningful majority control for Turks and Caicos Islanders must coexist with access to external capital, expertise, and investment partnerships. The Government cited international models, financing constraints for local entrepreneurs, and the need to avoid “harsh outcomes” that could unintentionally weaken local businesses or violate constitutional safeguards. It further pledged strengthened anti-fronting mechanisms, tighter oversight, and mandatory protections for local shareholders.
But Michael Misick isn’t convinced.
During the wide-ranging RTC interview, the former Premier dismissed the 60/40 model as inadequate and accused successive governments of diluting the rights and economic standing of heritage Turks and Caicos Islanders. He argued that fronting has flourished under the existing 51% rule, and that only full, uncompromised Islander ownership in certain industries can prevent locals from being reduced to symbolic partners with no real power. Misick described the Business Licensing Board’s disappearance, the rise of unchecked approvals, and the growing dominance of expatriate capital as evidence that the country is “losing itself, bit by bit, every sunrise.”
Seymour, a CPA and economic commentator, echoed concerns about fronting and asked whether the territory’s leaders were “afraid” to implement robust protections. Misick went further, accusing modern politicians of lacking political courage and failing to defend the long-term interests of heritage Turks and Caicos Islanders.
“Every time legislation comes to empower our people, there is resistance,” Misick said. “When it’s something that penalises our people, no one objects.”
The Government’s clarification attempts to neutralize that narrative, insisting Cabinet did not “retreat” under pressure but merely corrected an error to restore policy integrity. Still, the timing — after months of public debate, stakeholder pushback, and ongoing reference to the Grant Thornton economic impact report — has only deepened suspicion among critics who say the Administration is wavering.
What is clear is this:
The Business Licensing reform has cracked open the deepest unresolved question in the Turks and Caicos Islands — how to protect a small population from economic displacement while maintaining an investment climate that supports national development.
With Parliament scheduled to revisit the Bill this month, the clash between political philosophy and economic pragmatism is now on full display. And as Misick made clear on RTC, this debate will define not just policy, but identity.
Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.
December 4, 2025 – Hollywood legend Bruce Willis – arguably the most famous former home owner in Turks and Caicos Islands – is facing the most difficult role of his life and turning it into one last act of service.
Willis, 70, retired from acting in 2022 after his family revealed he had been diagnosed with aphasia. The following year, specialists confirmed he is living with frontotemporal dementia (FTD), a degenerative brain disease that attacks language, behaviour and personality.
In recent interviews and appearances, his wife Emma Heming Willis has said Bruce is “surrounded by love and care” and that the family is learning to find joy in new ways, even as the disease progresses.
Now, Heming Willis has gone further. In her 2025 memoir The Unexpected Journey, she writes that the family has decided Bruce’s brain will be donated to science after his death to advance research into FTD. That decision has been highlighted in recent coverage by futurist and science outlets, which describe it as a carefully considered step after months of watching a still-physically-strong man steadily lose speech, reading and independence.
Neurologists have long stressed how rare donated brain tissue is for FTD, and how essential it is to understanding which proteins, mutations and mechanisms are actually driving the disease. The Willis family’s choice means the brain that powered some of cinema’s most iconic characters could one day help researchers diagnose the condition earlier and design better treatments – even if it cannot help Bruce himself.
For Turks and Caicos, the story lands close to home. For nearly two decades Willis owned “The Residence” on exclusive Parrot Cay – a 7.3-acre, Asian-inspired beachfront compound with a five-bedroom main house, two guest villas and a yoga pavilion. He and Emma listed the estate in March 2019 for US$33 million; it sold a few months later for about US$27 million, one of the biggest residential deals in TCI history.
So, while Bruce Willis no longer has a physical address in Turks and Caicos, his connection to these islands remains part of his global story – a story now shifting from blockbuster fame to medical legacy, as his family turns private heartbreak into a public contribution that could change what we know about dementia.
Developed by Deandrea Hamilton • with ChatGPT (AI) • edited by Magnetic Media.