A progressive tax rate is a system where the percentage of tax paid increases as the income or wealth of the taxpayer increases, while a regressive tax system is one where the percentage of tax paid decreases as the income or wealth of the taxpayer increases. A progressive tax system is often designed to achieve greater income equality and reduce …

The Barbados government has released a draft population policy that aims to address the country’s declining population growth rate and its consequences, such as a decrease in the workforce and government revenues due to an aging population. The policy outlines three goals: to promote a sufficient population size, to provide opportunities for personal development, and to promote integrated settlement development. …

The International Monetary Fund (IMF) is a global organization that provides financial assistance to member countries facing economic challenges. The IMF aims to promote international monetary cooperation and stability, facilitate the balanced growth of international trade, and provide resources to assist member countries in need. The policies and programs of the IMF often have a significant impact on the economies …

Investing can be a great way to grow your wealth, but it can also be risky if you don’t have a solid plan in place. That’s why having a sensible investment strategy is so important. In this article, we’ll discuss some tips and best practices for making smart investment decisions that can help you grow your wealth safely and securely. …

Barbados, like many other countries, is faced with the challenge of balancing the need for revenue generation with the need for an equitable tax system. One potential solution that has been proposed is raising VAT and lowering income tax. In this blog article, we explore the potential impact of such reforms on the Barbadian economy and society, with a particular …

Barbados, known for its beautiful white-sand beaches and rich island culture is an allure for vacation travel seekers. But why wait for Vacation? Now one can immerse themself in the tranquil island living while working from Barbados/Paradise. The Barbados Welcome Stamp is a 12-month visa offered to non-nationals who are employed in a country other than Barbados and who are …

The registration form for the Barbados Optional Savings Scheme (BOSS) is now available for public workers to sign on. The form is available here for completion. Important Notes In order to complete the form, it is necessary to know your net salary. A calculation sheet is provided on the form.If the total value of all the Bonds requested by all workers …

This is an introduction to the Barbados Optional Saving Scheme (BOSS) which will introduce a public sector salary bond.

When I first read about this term I thought it was a typo for “Big economy”. It turns out I was wrong and that ‘gig economy’ is a legitimate emerging trend. ‘Gig’ is the slang used by many to refer to temporary work and the reference is quite the same in the context of the gig economy. A gig economy …

  Peer to Peer Lending company, Carilend Caribbean Holdings Limited, announced that a 30% stake was acquired by Victoria Mutual Investments Limited (VMIL) of Jamaica. In addition, Kailash Pardasani, a Barbados based, serial entrepreneur acquired a further minority stake.  “This partnership between Victoria Mutual Investments Limited and Carilend is the first step in expanding Carilend’s fintech capabilities across the region. …