Trump won’t dump FACTA – Deloitte

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Local investment and financial firms expecting the new United States president Donald Trump to reverse the Foreign Account Tax Compliant Act (FATCA) can forget it. Deloitte’s Global FATCA leader on its foreign account tax compliance initiative Denise Hintzke dismissed speculation that Trump would repeal the law, which promotes cross border tax compliance by implementing an […]

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Zero interest

It is becoming harder for Barbadians to earn any form of interest on their domestic savings accounts. A day after CIBC FirstCaribbean officially slashed its deposits rate to between 0.15 and 0.5 per cent, local customers of Royal Bank of Canada (RBC) said they have also been put on notice […]