{"id":20937,"date":"2018-10-16T21:51:59","date_gmt":"2018-10-17T01:51:59","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=20937"},"modified":"2018-10-16T21:52:01","modified_gmt":"2018-10-17T01:52:01","slug":"pm-mulls-tax-on-banks-to-fund-uwi-campus","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/pm-mulls-tax-on-banks-to-fund-uwi-campus\/","title":{"rendered":"PM mulls tax on banks to fund UWI Campus"},"content":{"rendered":"
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Prime Minister Gaston Browne has said that his government is not afraid of imposing a tax on banks and other financial institutions to fund the presence of a landed campus of the University of the West Indies in Antigua<\/g>.<\/p>

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“If we have to introduce a new tax in order to support this new university campus we are prepared to do so,” Browne told state tv.<\/p>\n\n\n\n

“We are not even worried about political backlash,” he added.<\/p>

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The government plans to open the fourth landed campus of the UWI in Five Islands next year.<\/p>

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The prime minister says “for us,<\/g> it\u2019s a developmental issue.”<\/p>\n\n\n\n

“And if we have to tax corporations including the banks and insurance companies that are making significant profits, we are prepared to do so,” he said.<\/p>

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The prime minister has in the past proposed taxing insurance companies but has now added banks to the list.<\/p>\n\n\n\n

He said the proposed tax could be as much as 10 per cent on the profit of banks.<\/p>

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“We even contemplating a windfall tax so those banks that are making 20, 30, 40 million dollars a year, we are saying come next year, we may introduce a tax in which we take 10 per cent<\/g> of their gross profits.”<\/p>

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Proposed Five Islands Campus<\/figcaption><\/figure>\n\n\n\n

<\/p>\n

\"\"<\/a><\/div>","protected":false},"excerpt":{"rendered":"

Prime Minister Gaston Browne has said that his government is not afraid of imposing a tax on banks and other financial institutions to fund the presence of a landed campus of the University of the West Indies in Antigua. “If we have to introduce a new tax in order to support this new university campus […]<\/p>\n","protected":false},"author":3,"featured_media":20938,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-20937","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nPM mulls tax on banks to fund UWI Campus - Antigua News Room<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/antiguanewsroom.com\/pm-mulls-tax-on-banks-to-fund-uwi-campus\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PM mulls tax on banks to fund UWI Campus\" \/>\n<meta property=\"og:description\" content=\"Prime Minister Gaston Browne has said that his government is not afraid of imposing a tax on banks and other financial institutions to fund the presence of a landed campus of the University of the West Indies in Antigua. “If we have to introduce a new tax in order to support this new university campus […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/antiguanewsroom.com\/pm-mulls-tax-on-banks-to-fund-uwi-campus\/\" \/>\n<meta property=\"og:site_name\" content=\"Antigua News Room\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/antiguanewsroom\" \/>\n<meta property=\"article:published_time\" content=\"2018-10-17T01:51:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-10-17T01:52:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mlavawteztbj.i.optimole.com\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2018\/10\/Gaston.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1144\" \/>\n\t<meta property=\"og:image:height\" content=\"643\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Editor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@AntiguaNewsRoom\" \/>\n<meta name=\"twitter:site\" content=\"@AntiguaNewsRoom\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Editor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/antiguanewsroom.com\/pm-mulls-tax-on-banks-to-fund-uwi-campus\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/antiguanewsroom.com\/pm-mulls-tax-on-banks-to-fund-uwi-campus\/\"},\"author\":{\"name\":\"Editor\",\"@id\":\"https:\/\/antiguanewsroom.com\/#\/schema\/person\/36cac05ef6398fe56ae3e6317f8535c5\"},\"headline\":\"PM mulls tax on banks to fund UWI Campus\",\"datePublished\":\"2018-10-17T01:51:59+00:00\",\"dateModified\":\"2018-10-17T01:52:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/antiguanewsroom.com\/pm-mulls-tax-on-banks-to-fund-uwi-campus\/\"},\"wordCount\":215,\"commentCount\":8,\"publisher\":{\"@id\":\"https:\/\/antiguanewsroom.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/antiguanewsroom.com\/pm-mulls-tax-on-banks-to-fund-uwi-campus\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/mlavawteztbj.i.optimole.com\/w:1144\/h:643\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2018\/10\/Gaston.jpg\",\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/antiguanewsroom.com\/pm-mulls-tax-on-banks-to-fund-uwi-campus\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/antiguanewsroom.com\/pm-mulls-tax-on-banks-to-fund-uwi-campus\/\",\"url\":\"https:\/\/antiguanewsroom.com\/pm-mulls-tax-on-banks-to-fund-uwi-campus\/\",\"name\":\"PM mulls tax on banks to fund UWI Campus - 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