International Business
Int'l Biz

Canada Revenue Agency, Loblaws face off in tax court over former Barbados offshore bank

Loblaw Companies Ltd. and the Canada Revenue Agency are facing off in Canada’s Tax Court over allegations that the retailer’s Barbadian banking subsidiary had been misused for tax avoidance, the Canadian Press agency reported. The dispute, which could cost Canada’s largest grocery retailer as much as CAN$406 million according to its latest quarterly report, began in 2015 after Loblaw Financial Holdings filed an appeal.

By

BSJ News Desk

on

April 27, 2018

Int'l Biz

Mayer: Expect "continued pressure on low tax jurisdictions” like Barbados

However, Mr. Meyer to Prime Minister Mottley, “We applaud the positive changes taking place in this country since your election into power."

By

BSJ News Desk

on

April 27, 2018

International Business
Int'l Biz

Mottley: OECD "forced" Barbados to realise its future is "global"

“Our business is the world and the world is our business,” the prime minister added, “Our responsibility is to be able to make it work.”

By

BSJ News Desk

on

April 27, 2018

Digital Tech
Int'l Biz

Hanschell's Singapore-based AI company Pencil raises US$1.1M seed funding

Pencil allows teams to generate and distribute personalized content at scale using AI.

By

BSJ News Desk

on

April 27, 2018

Int'l Biz

Barbados moved to EU "grey list," after making undisclosed "commitments" to change laws

The Council concluded that “Barbados has made commitments at a high political level to remedy EU concerns regarding the replacement of its harmful preferential regimes by a measure of similar effect…”

By

Patrick Hoyos

on

June 14, 2017