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The House of Representatives passed a Resolution ratifying the Multilateral Competent Authority Agreement of the Exchange of Country by Country reports.
Antigua and Barbuda is a party to the Multilateral Convention on mutual administrative assistance in tax matters.
This Resolution concerns the relationship of Antigua and Barbuda with an international organization or agency, via our competent authority to the Convention the Commissioner of Inland Revenue and is governed by international law.
Prime Minister Hon. Gaston Browne and Hon. Trevor Walker debated the Resolution.
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With the late Hon. Asot Micheal gone; seems like MP Trevor Walker is the only one capable of making a Parliamentary statement outside of the ABLP.
Sad but true.
Strategically it makes sense. Anyone else would be plummeted with a round of low blows from the media and the ALBP
Ratifying this agreement is an important move, but will it lead to real changes in tax reporting?
This shows Antigua and Barbuda’s commitment to international standards—hopefully, the process is fully implemented.
How will this impact local businesses?
what safeguards are in place for local privacy?
Will the government take adequate measures to protect sensitive business information?
I hope this agreement is not just about compliance but about tangible benefits for the country.