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Tuesday, 14 February 2017 13:05

Bankers Restate Need to Pass FATCA Legislation

Bankers have again voiced their support for the passage and implementation of laws for T&T to become FATCA (Foreign Account Tax Compliance Act) compliant. According to President of the Bankers Association of Trinidad and Tobago, Anya Schnoor implications of non-compliance can result in T&T being unable to trade internationally. She said failure to pass the legislation could also lead to a 30 percent withholding tax implemented on US dollars flowing into the banking system in T&T from the US.

Former Extempo Monarch Lingo will lead 7 calypsonians who will challenge reigning champion Gypsy at next week Thursday's extempo finals at NAPA.

23 calypsonians faced the judges at Globe Cinema on Monday evening.

Ian Wason has more in this report.

Tuesday, 14 February 2017 12:25

FATCA Vote To Be Taken On Thursday

A vote on the Foreign Account Tax Compliance Act (FATCA) will be taken on Thursday 23rd February 2017.

This from Prime Minister Dr. Keith Rowley as he began his contribution in the parliament on Monday night.

The marathon debate was a motion to adopt the report of the joint select committee on the tax information exchange agreements.

After a controversial period and a suspension of the sitting Dr. Rowley said the bill must be passed even if the country isn't sure if the Donald Trump administration would repeal the act.

Debate on the motion didn't go as smoothly as one would have thought as the speaker of the house had to stand and caution members of both sides on several occasions.

This as it says the work of the committee is incomplete and at one point suspended the house.

Tuesday, 14 February 2017 12:25

News Update For Tuesday 14th February 2017

Vote on FATCA to be taken on Thursday; Police arrest 2 men in connection with the abduction, robbery and rape of a woman; Committee to be put together to make recommendations for the restructuring of Petrotrin among other stories.

Monday, 13 February 2017 21:23

The New Caroni Licensing Office Opens

The Caroni Licensing Office is officially open.

Monday, 13 February 2017 20:51

Opposition Playing Coy With FATCA, Says AG

The opposition UNC wants to extend the Joint Select Committee on FATCA. Contributing to debate today, in the House of Representatives, the Oropouche East M.P Dr. Roodal Moonilal said, the verbatim notes of the JSC were the proof that the Attorney General shared the view the JSC should be extended.

The Tobago Division of the Police Service says, it's implementing a number of measures to curb what it says appears to be an increase in crime on the island. This comes on the heels of the gruesome murder of a 15 year old girl in Tobago.

THA Chief Secretary Kelvin Charles has met with heads of the Trinidad and Tobago Police Service to discuss Tobago's crime situation. The meeting took place at 8 o’clock on Monday morning and lasted just over an hour.

Debate on the Foreign Account Tax Compliance Act or FATCA bill is set to continue in the House of Representatives.

And the Bankers Association of Trinidad and Tobago is appealing to the Opposition to support the passage of the Bill.

BATT said it has spent the past 5 years working with both the former Government and the present Government on the implementation of the FATCA regime.

Monday, 13 February 2017 11:24

News Update For Monday 13th February 2017

FATCA bill to return to parliament this afternoon for debate; Security guard who shot and killed a man at Persad's Supermarket has been charged with murder; Prime Minister congratulates Calypso Rose on winning the World Music Album of the Year Award among other stories.

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