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Deputy Premier Spot on, TCI TODAY Removed from EU Blacklist

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Deandrea Hamilton

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#TurksandCaicosIslands – February 20, 2024Sixteen months after being added to the European Union’s Black List for non-cooperative tax jurisdictions, the Turks and Caicos Islands is now off that list.

“Today,the Council removed The Bahamas, Belize, Seychelles and Turks and Caicos Islands from the list of non-cooperative jurisdictions for tax purposes.”

The release explicitly states that in the case of the Turks and Caicos and The Bahamas, “ever since October 2022, deficiencies in the enforcement of economic substance requirements had been identified in both of these jurisdictions by the OECD Forum of Harmful Tax Practices (FHTP).”

It was recommended for remedy to the deficiencies has now been “converted from hard to soft recommendations,” said the statement.

That pivot was fundamental in the de-listing of the two countries said the information from the Council.

“…which allowed the Code of Conduct Group to consider these jurisdictions with no or only a nominal corporate income tax.”

When Magnetic Media spoke to E. Jay Saunders, Turks and Caicos Deputy Premier and Finance Minister in March 2023 he had full confidence that it was only a matter of time before the TCI was given a more favourable position with the EU. 

“There is no question about it. I’m confident that by February 2024, we will be off the list– I’m completely confident and there are no lasting repercussions.”   

 It had been sub-par computer systems that landed the TCI on the list.  The Deputy Premier, at the time offered that the EU was being too dramatic and its language, disproportionate surrounding the issue. 

That black listing and gray listing is often viewed as a black eye in the financial services sector, therefore this announcement today is vindication for the TCI and a huge plus for the Fintech ambitions of the Misick-led government.

 Twelve others remain with the unsavory categorization including Caribbean neighbours: Trinidad and Tobago; US Virgin Islands; Anguilla and Antigua and Barbuda.

Caribbean News

Yellow Fever Outbreak in Region and Beyond, Travellers Warned

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Rashaed Esson

Staff Writer 

 

#YellowFever#Caribbean, April 10, 2024 – Reports say there is an outbreak of Yellow fever in the Caribbean according to the Department of Health and official government advice website, Travel Health Pro, and travelers are being warned to be vigilant. The authorities say the outbreak is also in parts of Africa, and Central and South America.

Guyana and Peru so far have seen two cases. Brazil reports the disease in monkeys, an indication that it is spreading across the ccounty. Colombia has seen 3 cases.

In South America, between January 1 and March 18 2024, there have been seven confirmed cases, four fatal.

Yellow fever is spread by mosquitoes, Aedes aegypti (Linnaeus) and can cause potentially fatal hemorrhagic illness. Fortunately, it can be prevented with vaccination and so the World Health Organisation (WHO) is advising people ages nine months and older, traveling to the affected areas, to get vaccinated.

 

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Caribbean News

Four Year Old Beheaded Trinidad 

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Rashaed Esson

Staff Writer 

#Homicide#FourYearOld#TrinidadandTobago, April 9, 2024 – Trinidad was left in shock and sorrow with the beheading of a four year old girl, reportedly by her stepfather, early Tuesday April 9, at her home in Arouca, a town in the East-West Corridor of Trinidad and Tobago. The Police informed that when they arrived on the scene, the head of the little girl, identified as Amarah Lallitte, was in one room and her body in another.  

 

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Caribbean News

CariSECURE 2.0 Equipping Youth to Take Charge Against Crime

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Bridgetown, 9 April, 2024 – Amidst rising concerns over citizen security in the Caribbean, a deliberate effort is being made to empower the region’s youth to step into leadership roles and drive change from within. Through a free, online course by the United Nations Development Programme (UNDP) in partnership with the United States Agency for International Development (USAID), youth will be equipped with the skills and knowledge needed to tackle pressing security challenges head-on.

The “Youth on the way to Peace and Security” course is being launched regionally as part of CariSECURE 2.0 (CS2.0), which works to reduce youth involvement in crime and trafficking in persons (TIP) in the region. It will run from 16 April – 3 May, with support from InfoSegura.

This course comes at a crucial time when security issues like crime and violence are on the rise in the Caribbean. By the end of the course, participants will have improved understanding of regional security challenges, enhanced leadership skills, and greater opportunity to network with peers and experts around the region, empowering them to take leadership roles in regional conversations and citizen security activities.

Maia Hibben, Project Manager for CariSECURE 2.0, underscored the significance of engaging young people in matters of citizen security.  ” Throughout the life of our project, input from young people has been invaluable,” she said. “Whether it be helping to craft national workplans to reduce crime, developing a roadmap for youth empowerment in the Caribbean, or creating digital solutions to improve crime reporting as planned for this year, youth have proven that their perspectives are indispensable. This course is just another way for youth to strengthen their skills to address regional security challenges.”

By building capacity of young leaders to address security challenges and promote social cohesion, the course contributes directly to Sustainable Development Goals (SDG) 16, towards Peace, Justice, and Strong Institutions.

The course will offer lessons in the current mechanisms that impact youth decision making, insight into youth citizen security challenges in the Caribbean, and give practical guidance on the positive roles participants can play in conflict resolution, with complementary webinars, podcasts and practical resources tailored to the English-speaking Caribbean. It is free of charge and open to participants from all backgrounds, regardless of age, nationality, or level of experience. A certificate will be awarded upon completion.

Register for the course by 15 April: escuelavirtualpnud.org/login/index.php?lang=en

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