Home' Trinidad and Tobago Guardian : November 4th 2013 Contents A10
Guardian www.guardian.co.tt Monday, November 4, 2013
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2.1004 2.2830 2.4428
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for NOVEMBER 01st 2013
KINGSTON, Jamaica---Prime Minis-
ter Portia Simpson Miller is on a
three-day official visit to Japan.
Simpson Miller who left the island
on Saturday is scheduled to meet
with Prince Akishino and Japanese
Prime Minister Shinzo Abe.
A release from the Office of the
Prime Minister says she will use the
opportunity to "further strengthen
the friendship and co-operation
between Jamaica and Japan, one of
the country s long-standing diplo-
The prime minister will also meet
with companies that are major
investors in Jamaica.
They are Marubeni, Nippon Light
Metals and UCC, these companies
have interests in electricity, minerals
and Blue Mountain Coffee.
Before returning to Jamaica on
November 9, She will attend and
address the Inter-American Devel-
opment Bank s Japan-LAC (Latin
American and the Caribbean) Con-
ference-Shaping the future between
Japan and Latin America and the
Simpson Miller was accompanied
by Minister of Science, Technology,
Mining and Energy Phillip Paulwell;
permanent secretary in the Office
of the Prime Minister Onika Miller
and Ambassador Paul Robotham,
permanent secretary in the Ministry
of Foreign Affairs and Foreign Trade.
Finance Minister Dr Peter Phillips
will be in charge of the government
until Simpson Miller returns.
States Department of Treasury
says it is taking steps to curtail
offshore tax evasion in the
Caribbean and other places.
The US Treasury Department
along with the US Internal Revenue
Service (IRS) have issued a notice
for foreign financial institutions
(FFIs) to comply with information
reporting and withholding tax pro-
visions of the Foreign Account Tax
Compliance Act (FATCA).
The department said the FATCA
is "rapidly becoming the global
standard in the effort to curb off-
shore tax evasion."
According to the Treasury
Department, to date it has reached
16 agreements "in substance and
is engaged in related conversations
with many more jurisdictions."
"The notice, which is the next
step in implementation, previews
proposed guidance and provides a
draft agreement for participating
FFIs directly engaging in agree-
ments with the IRS and those
reporting through a Model 2 inter-
governmental agreement (IGA),"
the statement said.
"It provides FFIs with advance
notice prior to the beginning of
FATCA withholding and account
due diligence requirements on July
1, 2014," it added, stating that the
FFI agreement will be finalised by
year s end.
Robert B Stack, the US Deputy
Assistant Secretary for International
Tax Affairs, said the agreement and
forthcoming guidance have been
designed to "minimise administra-
tive burdens and related costs for
foreign financial institutions and
He said the latest preview
"demonstrates the administration s
commitment to ensuring full global
co-operation and a smooth imple-
In 2010, the US Congress enacted
FATCA as "a way to identify US
citizens using foreign accounts to
evade their US tax responsibilities."
FATCA requires US financial
institutions to withhold a portion
of payments made to FFIs that do
not agree to identify and report
information on US account hold-
ers.The US Treasury Department
said it has taken a global approach
to the exchange of tax information
in its implementation of FATCA.
The Jamaican government says that a four-
month wait could be considered the outer limit
for Jamaican Shanique Myrie to receive the J$3.6
million that the Caribbean Court of Justice (CCJ)
awarded her in her suit against Barbados.
Minister of Justice Senator Mark Golding, who
was responding in the Senate Friday to questions
tabled by Opposition senator Robert Montague, said
that there is very little guidance, generally, as to the
exact meaning of "prompt compliance." However,
he said that it is generally taken to mean "without
delay," or "within a reasonable time."
"Based on the jurisprudence of the CCJ, this must
be less than four months," Golding said.
"However, the government will not, at this stage,
presume to doubt the readiness of Barbados to com-
ply with the judgment promptly. As a state party
to the agreement and the Treaty of Chaguaramas,
Barbados has assumed an obligation to comply with
all the judgments of the court promptly. It would
be premature for the government of Jamaica to spec-
ulate on this matter, or to express any doubt about
a fellow member state s willingness to assume its
obligation to comply with the court s orders," he
added. In a ruling issued on October 4, the CCJ
awarded Myrie a total of Bds$75,000 or J$3.6 million
after it found that the Barbados government had
breached her right to enter the country under Article
5 of the Revised Treaty of Chaguaramas.
Myrie took the Barbados government to the CCJ,
alleging that she was discriminated against because
of her nationality when she arrived in Barbados on
March 14, 2011. The 25-year-old also said she was
subjected to a dehumanising body-cavity search and
placed in an unsanitary cell before being deported
the next day to Jamaica. The Barbados government
denied the claims and argued at the trial that Myrie
had been untruthful to Immigration officials.
Myrie wanted the CCJ to determine the minimum
standard of treatment for Caricom citizens moving
within the region under the Revised Treaty of
Chaguaramas. She asked the CCJ to award her almost
US$500,000 in punitive damages for the treatment
she received on her visit to Barbados. She also wanted
the regional court to award costs and special damages.
On Friday in the Senate, Montague asked what
plans the Jamaican government had to ensure that
the other provisions of the judgment are enforced.
US to curtail offshore
tax evasion in region
Four-month wait for woman
to collect CCJ award
Jamaican PM off to Japan
PM Portia Simpson Miller
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