Emmanuel: Any recommendation for property tax is dead on arrival
~ Tackle tax reform before Dutch do it for you ~ PHILIPSBURG — Independent Member of Parliament Christophe Emmanuel on Thursday said that the government of St. Maarten has to say once and for all if land and property taxes as proposed by the CFT is on the table for consideration and future implementation yes or no. Plain and simple, the MP said, More...
MP Buncamper issues statement about CFT: All smiles, but no answers
On Tuesday, July 6th, 2021 the parliament members of the Finance committee had a closed-door meeting with the CFT to be informed of the position of the CFT on the financial situation of the island. A presentation More...
Audit Chamber presents devastating report about 2017 financial statements
PHILIPSBURG — The country’s 2017 financial statements contain “numerous errors and uncertainties,” the General Audit Chamber writes in its compliance audit St. Maarten Financial Statements 2017. “Expenditures More...
Subsidies take up one third of 2021 budget
PHILIPSBURG — A third of the expenditures listed in the draft 2021 budget is earmarked for “subsidies, contributions and income transfers.” Out of the budget’s total of 613.1 million guilders ($342.5 More...
Finance ministry focuses on cost-cutting measures
PHILIPSBURG — Cost-cutting measures top the list of priorities at the Ministry of Finance, it appears from Minister Ardwell Irion’s presentation about the 2021 budget to Parliament. Focus points are fuel More...
Kingdom imposes conditions on sixth tranche of liquidity support
PHILIPSBURG — St. Maarten’s capacity is, in terms of quantity and quality “a serious stumbling block” for the execution of improvements, State Secretary Raymond Knops (Kingdom Relations) writes in a More...
MP Buncamper: “Tax collection goes from one extreme to the other”
PHILIPSBURG — “Does the government presently have a policy to handle the outstanding tax collection seeing the pandemic we are in, or are we bullying taxpayers into paying or losing their property?” This More...
Draft budget is “sloppy and full of grammatical mistakes”
PHILIPSBURG — The draft 2021 budget is sloppy and a step back “due to its many grammatical and legal-technical mistakes,” the Council of Advice writes in its analysis of the budget that is currently under More...
Knops releases liquidity support
THE HAGUE — State Secretary Raymond Knops (Kingdom Relations) released the fifth tranche of liquidity support to St. Maarten. The Netherlands will transfer 39 million guilders ($21.8 million) by the end of More...
Politicians and civil servant must contribute to pension system and SZV-funds, Cft advises
PHILIPSBURG — St. Maarten ought to amend legislation as soon as possible so that civil servants and politicians start paying a 10 percent contribution towards healthcare costs, financial supervisor Cft writes More...
