“Tax Inspectorate Is Understaffed, Under Equipped And Under Trainedâ€
St. Maarten News – Finance Minister Richard Gibson repeated in a meeting of parliament yesterday that the country needs to diversify and expand its economy to build resistance against inevitable external shocks. He mentioned the development of hydroponics, fishery, the medical industry and education as viable options.
Minister Gibson repeated his warnings about de-risking and the potential loss of correspondents banking and pointed again to local banks that want certain customers – especially casinos – to close their accounts, because they do not want to accept the risks associated with this type of customer anymore.
To improve the country’s financial position it will have to invest in its tax inspectorate, the minister said Read more
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