Guardians of Guyana
Law contains deficiencies, inaccuracies, not exhaustive enough – Finance Ministry Government says that the legislation regarding tax holidays and concessions contain a number of obvious deficiencies and various inaccuracies and omissions. This is according to a release from the Ministry of Finance which sought to clarify the recent controversy surrounding the tax holidays and tax … Read more
The concessions granted to the investors of the Sanata Textiles complex are according to law and in keeping with what is offered to any new project, Government said yesterday. During a press conference at the studios of the National Communications Network (NCN) to clear the air over the Sanata deal, Head of the Guyana Office … Read more
The Inter-American Development Bank says the weak enforcement of property rights and contracts which the private sector confronts is more likely the result of an “ineffective and overwhelmed” judicial system than inappropriate laws governing commercial activities and contract enforcement.“Decisions are too often neither prompt nor transparent and often appear to be based on questionable jurisprudence,” … Read more
Questions are mounting over the operations of a cooperative financial institution, established in March, soliciting deposits from the public but not falling under the supervision of the Bank of Guyana to ensure the safety of members’ deposits.The National Cooperative Credit Union and Trust Limited (NCCUTL), the first national cooperative society with scope over the entire … Read more