Saturday, April 20, 2024

Credit unions’ cry

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Credit unions are to meet with the Prime Minister shortly to try to get Government to reverse its decision to tax their assets.
Unless the decision is revoked, the Barbados Cooperative & Credit Union League said that it was likely that the credit unions would have to bear the burden of the tax imposition.
However, president of the league Hally Haynes told the WEEKEND NATION yesterday that the body had sought a meeting with Prime Minister Freundel Stuart and had been assured that one would be granted “shortly”.
An advertisement published today by the league advised the public that the taxing of the credit unions would compromise their ability to serve “the needs of those at the lower end of the social spectrum”.

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