{"id":215952,"date":"2024-11-11T03:51:00","date_gmt":"2024-11-11T07:51:00","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=215952"},"modified":"2024-11-10T19:07:45","modified_gmt":"2024-11-10T23:07:45","slug":"pm-browne-cancels-sandals-abst-concession-over-failure-to-rebuild-old-hotel-wing","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/pm-browne-cancels-sandals-abst-concession-over-failure-to-rebuild-old-hotel-wing\/","title":{"rendered":"PM Browne Cancels Sandals\u2019 ABST Concession Over Failure to Rebuild Old Hotel Wing"},"content":{"rendered":"
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PM Browne Cancels Sandals\u2019 ABST Concession Over Failure to Rebuild Hotel Wing<\/strong><\/p>

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Prime Minister Gaston Browne has announced the cancellation of a longstanding Antigua Barbuda Sales Tax (ABST) concession granted to Sandals Resorts International, citing the company\u2019s failure to fulfill its promise to rebuild an aging wing of its Antigua property. <\/p>\n\n\n\n

Speaking on Pointe FM, Browne revealed that four years ago, the government had agreed to waive a portion of Sandals\u2019 ABST obligations in exchange for a commitment from the company to renovate the original wing of its hotel, which is now over 40 years old.<\/p>

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Browne explained that the concession was intended to incentivize Sandals to make substantial upgrades to its facilities, ensuring that the property remained competitive in Antigua\u2019s vital tourism sector. <\/p>

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However, he criticized the resort chain for not delivering on this commitment, describing the situation as a breach of trust that has cost the government millions in forgone tax revenue.<\/p>\n\n\n\n

\u201cWe made this concession in good faith, expecting Sandals to reinvest in their property and elevate the destination,\u201d Browne stated. \u201cFour years later, there\u2019s no new build, yet Sandals has continued to benefit from these tax breaks.\u201d<\/p>

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Following Sandals\u2019 failure to meet its renovation obligations, Browne announced that the government has now revoked the ABST concession.<\/p>\n\n\n\n

The waived ABST arrangement has instead allowed the company to reduce its tax burden without delivering the anticipated improvements, according to Browne. <\/p>

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He estimated that Sandals has saved millions over the past several years through these deductions, which the government now aims to redirect back into public revenue.<\/p>

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As tensions rise, Sandals has yet to issue a response to the Prime Minister.<\/p>\n

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

PM Browne Cancels Sandals\u2019 ABST Concession Over Failure to Rebuild Hotel Wing Prime Minister Gaston Browne has announced the cancellation of a longstanding Antigua Barbuda Sales Tax (ABST) concession granted to Sandals Resorts International, citing the company\u2019s failure to fulfill its promise to rebuild an aging wing of its Antigua property. Speaking on Pointe FM, […]<\/p>\n","protected":false},"author":3,"featured_media":215953,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-215952","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nPM Browne Cancels Sandals\u2019 ABST Concession Over Failure to Rebuild Old Hotel Wing - 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-browne-cancels-sandals-abst-concession-over-failure-to-rebuild-old-hotel-wing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PM Browne Cancels Sandals\u2019 ABST Concession Over Failure to Rebuild Old Hotel Wing\" \/>\n<meta property=\"og:description\" content=\"PM Browne Cancels Sandals\u2019 ABST Concession Over Failure to Rebuild Hotel Wing Prime Minister Gaston Browne has announced the cancellation of a longstanding Antigua Barbuda Sales Tax (ABST) concession granted to Sandals Resorts International, citing the company\u2019s failure to fulfill its promise to rebuild an aging wing of its Antigua property. 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