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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

Long-Term Approach Must Be Taken to Fix Coffee Farm Roads – Minister

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MORANT BAY, Jamaica, October 6, 2024 – Minister of Agriculture, Fisheries and Mining, Hon. Floyd Green, says that a long-term approach to dealing with coffee farm roads must be taken, to propel the nation’s coffee farmers by granting easier access to their farms.

“What I have said to the Jamaica Agricultural Commodities Regulatory Authority (JACRA) team [is that] we have to take the coffee road programme out of the Rural Agricultural Development Authority (RADA) farm road programme, because the small fixes, they help, but we need some big fixes,” said Mr. Green, at the handover of fertilisers and herbicides to coffee farmers in the Buff Bay Valley area of Portland, recently.

He explained that for the short-term approach using resources already available, at least six roads in the coffee belt will be dealt with every year. In this financial year, this will include roads such as Wakefield to Mahoe and Bangor Ridge to Mahoe in Portland, as well as others in St. Thomas and parts of St. Andrew.

Mr. Green pointed out that he has asked JACRA to work with the National Works Agency and do a comprehensive assessment of how much money it is going to cost to fix the coffee roads once and for all.

“Because one of the things that we know, if we are able to fix access to the farms, you will produce more. And if you produce more, the country will make more money from coffee. So, the reality is that the investment in coffee will pay back for itself. So, we have to fix the infrastructure,” the Minister emphasised.

 

CONTACT: MICKELLA ANDERSON-GORDON

                    JIS REGIONAL OFFICE

                    MORANT BAY

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Turks and Caicos Islands Ranked in Top Ten Caribbean Islands in Condé Nast Traveler’s Reader’s Choice Awards

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PROVIDENCIALES, TURKS AND CAICOS ISLANDS (October 3rd, 2024) –The Turks and Caicos Islands has been voted among the Top Ten Islands in the Caribbean and The Atlantic in the Condé Nast Traveler Readers’ Choice Awards 2024.

The Turks and Caicos Islands was ranked seventh in the Caribbean according to the votes.

The results of the voting were announced on October 1st, 2024.

A staggering 575,048 people voted in the annual Condé Nast Traveler Reader’s Choice Awards, rating their travel experiences across the globe to offer a comprehensive look at the places they enjoyed and recommend to others.

The Readers’ Choice Awards, with its unparalleled legacy as the travel industry’s longest-running and most prestigious accolades, remain the ultimate symbol and acknowledgment of excellence within the travel sector.

“We are honoured once again to be recognised as a top island within Conde Nast Traveler’s Readers’ Choice Awards,” said Hon. Josephine Connolly, Minister of Tourism for the Turks and Caicos Islands. “The Turks and Caicos Islands remain a staple on this prestigious list which speaks to the quality experiences our visitors enjoy. These votes are determined by them which makes it all the more special.”

Experience Turks and Caicos congratulates our hotel partners who have also been voted among the Top Resorts in the Bahamas, Bermuda and The Atlantic:

  • Sailrock – #2
  • Beach Enclave – #3
  • Amanyara – #3
  • Ambergris Cay – #9
  • Seven Stars Resort – #10
  • Wymara Resort and Villas – #11
  • Como Parrot Cay – #14

This honour is the latest among the accolades that the Turks and Caicos Islands has received in 2024 such as:

  • TripAdvisor Best of the Best Reader’s Choice Awards: Grace Bay, #1 Beach in the Caribbean and Best of the Best for 2024, # 5 among the Top 25 Best of the Best Beaches in the world.
  • USA Today 10Best Reader’s Choice Awards – Best Caribbean Beaches: #2 Bambarra Beach, #9 Grace Bay Beach
  • World’s 50 Best Beaches: Grace Bay #1 in the Caribbean, #25 in the world
  • World Travel Awards: Caribbean’s Leading Beach Destination, Caribbean’s Leading Romance Destination
  • World MICE Awards: Caribbean’s Best Incentive Destination (Providenciales)

The 2024 Readers’ Choice Awards are published on Condé Nast Traveler’s website at https://www.cntraveler.com/story/top-islands-readers-choice-awards-2020

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Sandals Foundation and interCaribbean Airways Join Forces for International Coastal Cleanup Day  

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MEDIA RELEASE

 

TURKS AND CAICOS –  In a significant effort to protect coastal ecosystems, the Sandals Foundation and interCaribbean Airways are teaming up for International Coastal Cleanup Day to host a major beach cleanup in Turks and Caicos. This collaborative initiative will bring together a total of 100 volunteers—50 from each organization and other resorts —working side by side to remove trash and debris from Grace Bay Beach, one of the island’s most iconic shorelines, helping to safeguard its pristine beauty and marine life.

On September 21st, volunteers will converge on Grace Bay Beach, to collect, record, and properly dispose of solid waste along the coast – helping to protect the vital habitat for marine life in the surrounding area.

“Turks and Caicos boasts some of the most breathtaking beaches in the world, but the real difference comes from fostering a deeper connection with these environments,” said Heidi Clarke, Executive Director of the Sandals Foundation. “It’s not just about cleaning up today—it’s about educating communities, schools, and visitors on reducing waste and understanding their role in preserving these precious ecosystems for the future. We are excited to partner with interCaribbean Airways to promote environmental stewardship and long-term protection of our coastal areas.”

Trevor Sadler, CEO, at interCaribbean Airways, echoed the sentiment: “As environmental stewards, our commitment must go beyond surface-level efforts. By working alongside the Sandals Foundation, we’re engaging the community in meaningful ways that inspire action and awareness. Together, we’re helping to safeguard the delicate ecosystems that make the Turks and Caicos such a unique and beautiful destination, ensuring its preservation for future generations.”

Across the Caribbean, the Sandals Foundation has mobilized team members in all nine islands in which it operates implementing coastal cleanup activities in Jamaica, St. Lucia, Barbados, The Bahamas, Grenada, Curacao, St. Vincent and the Grenadines, and Antigua and Barbuda.

 

PHOTO CAPTIONS

Header: Over 400 Sandals Foundation volunteers across Jamaica, Grenada, Curaçao, The Bahamas, Turks and Caicos Islands, Barbados, Antigua, and Saint Lucia cleared more than 600 pounds of garbage from the region’s coasts during last year’s International Coastal Cleanup Day.

Insert: A look back at last year’s efforts, where Sandals Foundation ambassadors united to clean up shores and protect marine life.

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