TCI News
TCI: Give Belongers Amnesty Too – Says Attorney Mark Fulford
#Providenciales, March 6, 2019 – Turks and Caicos –
THE AMNESTY FIGHT: RIGHT FOR THE WRONG REASONS AND LIMITED IN SCOPE – GIVE BELONGERS AMENESTY ON GOVT DEBTS TOO
by- Mark A. FULFORD LLB
The recent Amnesty Bill passed by the Turks and Caicos parliament on the 4th of March 2019, has caused some consternation. The government says it was necessary as a part of doing business. The Opposition responds that it should have been done in a more prudent and transparent manner.
What if both parties have missed the point?
The current Government says previous administrations got the valuations of tax rates wrong over the years, including the Interim Government i.e. The British. They all failed year-after-year to identify the miscalculation or the “handshake agreement” upon which it was based.
Both parties may have missed the real issue. There maybe two solutions that includes Belongers and is fair to all Turks and Caicos Islanders:
I. The Government is right: governments of both parties and the Interim Government, led directly by the British missed this issue. As such, there should be no pointing of fingers at anyone. The Government is also right that in business (and reality), one must make decisions based on the larger picture, rather than narrow concerns or political emotions.
Let’s take Beaches for example, which is large and dominant because they are the best at what they do. Every other international brand in this region has fallen into bankruptcy, except Beaches.
In practical terms Beaches brings the most tourists to our shores. If Beaches accounting says that we have priced them out of the market, we must remember that affects the airlifts to our shores. This means that Beaches is actually caught between the TCIG and the airlines. Any good government understands these levels of pressure and knows that too much tax, too much red tape, means not only Beaches but eventually airlines will abandon the Turks and Caicos Islands, which presents an even bigger problem.
II. However, the Opposition is also right: More should have been done to gain a specific understanding of the actual accounting behind the Amnesty Ordinance. Governments should never try to solve just the problem before them. But a progressive government would have used this problem of misevaluation of tax, to do a “Super Development Agreement” with Beaches and other Accredited Hotel Properties which would craft a solution that will provide a stable stream of revenue for the next 10-15 years.
I am aware how fast things change, but that only means our foresight and adaptability must be on the cutting edge, so that we can create e a new model for the hospitality industry that present and new investors find attractive and will flock to our shores.
The Opposition is also right to have raised the point – argued by its leader the Hon. Washington Misick MP – that provision be made for the “little man” in this extension of Amnesty. I don’t think we went far enough and it may be a legal question.
Under the TCI Constitution (2012 Edition), the rule against discrimination is clear: No benefit can be extended to one Turks and Caicos Islander that is denied or even not extended to any other. (Under our law, Mitt Romney is right, companies are citizens). Therefore, the Opposition should have demanded and the Government should have proposed that every Belonger, whether in arrears for NIB, NHIB, Business License, Crown Land Lease etc. should all be extended Amnesty on the same terms given to the 21 entities to whom this Ordinance applies.
Since the government argues that the People of Turks and Caicos will lose no principal under the Ordinance, but the companies will have the benefit of time through an extended grace period, it is my view that the same grace is the constitutional right of every Belonger and should be extended to all of us.
Mark A Fulford
Providenciales, Turks and Caicos Islands – May 14th, 2024 – The Turks and Caicos Islands Government and Molo Hotel Group reached a pivotal juncture on Monday, May 13th, 2024, with the ceremonial signing of a development agreement at the Premier’s Office on Providenciales. The agreement, which received official Cabinet approval on March 13th, 2024, signifies a steadfast commitment to advancing the economic landscape of the Turks and Caicos Islands.
Molo Hotel Group is a family-owned business, renowned for its distinguished portfolio of high-quality hotels worldwide. The
development initiative encompasses the construction of three distinct IHG branded hotels: InterContinental Turks and Caicos, Kimpton Turks and Caicos and Hotel Indigo Turks and Caicos. Scheduled for completion by 2027, each resort boasts a distinctive design from luxury to laidback sophistication spanning across the shores of Grace Bay Beach.
Kimpton Turks and Caicos – an epitome of luxury lifestyle living, will feature 192 guest rooms including three outdoor pools, a luxury spa and a fitness center. Additionally, seven dining options ranging from a beachfront restaurant to a rooftop bar.
Adjacent to the Kimpton, InterContinental Turks and Caicos will offer 59 classic luxury suites with panoramic ocean views. Mirroring its counterpart, this resort will offer an array of dining options and upscale facilities.
Steps away from the Intercontinental and Kimpton resorts, Hotel Indigo Turks and Caicos will embrace a sense of community and contemporary elegance, offering 56 bedrooms. The resort will feature an onsite restaurant, lobby bar, outdoor pool, and fitness room.
Beyond the realm of hospitality, this development agreement underscores the government’s commitment to fostering economic growth and enhancing employment opportunities in the Turks and Caicos Islands. Molo is partnering with the Turks and Caicos Islands Community College (TCICC) to actively promote hospitality as a career choice and support in developing training programs, career fairs, seminars, workshops, and events to raise awareness about hospitality careers. Molo has committed to provide employment and apprentice opportunities to TCICC students and provide mentoring and practical on property training to students.
The signing event was graced by Hon. Charles Washington Missick, Premier of the Turks and Caicos Islands, Hon. Jamell Robinson, Deputy Premier, Hon. Kyle Knowles, Minister of Public Safety and Utilities, Hon. Rachel Taylor, Minister of Education, Youth, Sports and Culture, Łukasz and Marcin Slominski, Owners of Molo, Ross Morrow, Managing Director Molo, Arik Kono, Vice President Upscale Development for IHG, Dr. Candice Williams, President and CEO of the Turks and Caicos Islands Community College, Angela Musgrove, InvestTCI CEO, Dr. Barbara Ambrister, Chairperson of the Turks and Caicos Islands Community College, Dr. Delores Stapleton- Harris, Vice President of Academic, Vocational and Student Affairs for the Turks and Caicos Islands Community College, Mr. Kevin Baxter, Dean of Technical Vocational Education Training (TVET) and Sheryl McLaughlin, InvestTCI Investment Services Executive.
Commenting on the development agreement, Premier, Hon. Misick, stated “The Memorandum of Understanding (MOU) signing of
IHG/Molo Hotels is a significant step towards a sustainable future for hospitality in the Turks and Caicos Islands. Three hotels, Kimpton, Intercontinental, and Hotel Indigo, will be introduced, enhancing our tourism product and creating employment opportunities.”
He further added, “Partnerships with the Turks and Caicos Islands Community College and Turks and Caicos Islands Sports Commission are underway, demonstrating the Government’s commitment to developing human capital and elevating tourism offerings. This project will bring economic growth, embrace local talent, and enrich our economy.”
Additionally, Mrs. Angela Musgrove, CEO of Invest Turks and Caicos Islands, emphasized “This collaboration confirms our commitment to fostering economic growth and prosperity within our country. We have worked closely with Molo Hotel Group, and we are confident that this transformative project will further position the Turks and Caicos Islands as a premier destination for travel and investment. Much to our delight, it will also provide opportunities for engagement with our Community College and small business community.”
The Government of the Turks and Caicos Islands, operating through its primary Investment Promotion
Agency, Invest Turks and Caicos Islands, remains committed to attracting and facilitating Foreign Direct Investments to the country by providing a comprehensive suite of services. Through strategic initiatives and targeted promotion, the agency catalyzes sustainable development, driving innovation and small business opportunities across various sectors of the economy.
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