The BRA still doesn’t fit comfortably.
The Barbados Revenue Authority (BRA) came in for more stick yesterday when representatives of the country’s financial sector expressed reservations about the revenue collecting agency’s provision of guidelines and imposition of possible punishments over the new United States tax law to which countries must comply.
Members of the banking and financial community had problems with being given deadline dates for reporting regarding the Foreign Account Tax Compliance Act (FATCA), and possible hefty fines, even though the draft legislation is yet to reach the floor of Parliament for debate.
Please read the full story in today’s Weekend Nation, or in the eNATION edition.
