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PHILIPSBURG:--- Member of Parliament Christopher Emmanuel did not mingle with words on Thursday in an interview with SMN News when he called on the Council of Ministers especially the Minister of Finance Richard Gibson Sr to appoint locals to top positions that are yet to be filled.
MP Emmanuel said that the Council of Ministers should appoint the acting head of the Cadaster Office Marcia Peterson as head of the department since she has been carrying out the day to day task of that office Read more

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“Tax Inspectorate Is Understaffed, Under Equipped And Under Trained”

St. Maarten News – Finance Minister Richard Gibson repeated in a meeting of parliament yesterday that the country needs to diversify and expand its economy to build resistance against inevitable external shocks. He mentioned the development of hydroponics, fishery, the medical industry and education as viable options.

Minister Gibson repeated his warnings about de-risking and the potential loss of correspondents banking and pointed again to local banks that want certain customers – especially casinos – to close their accounts, because they do not want to accept the risks associated with this type of customer anymore.

To improve the country’s financial position it will have to invest in its tax inspectorate, the minister said Read more

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Minister Gibson At Tax Summit: “Tax Reform Is Absolutely Necessary”

Prime Minister William Marlin (left) and Finance Minister Richard Gibson during the tax summit. To the right is Minister Emil Lee Read more

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Ministry Of Finance Hosts Tax Summit 2016 Themed: “A Consensus To Collaborate”

DAWN BEACH – The Ministry of Finance called upon key (internal) stakeholders to take part in a critical discussion during the Tax Summit of Friday, June 17, to improve tax compliance.

In attendance were Prime Minister William Marlin, Minister Public Health Social Development and Labor Affairs Emil Lee, and Minister of Education, Culture, Youth, and Sports Silveria Jacobs, during the first hour as well as representatives of the various Ministries of Government and SZV, SOAB, SER, CFT, Ombudsman and Council of Advice.

“A lot of territory was covered Read more

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DAWN BEACH:--- The Ministry of Finance called upon key (internal) stakeholders to take part in a critical discussion during the Tax Summit of Friday June 17th to improve tax compliance. In attendance were the Prime Minister William Marlin, Minister Public Health Social Development and Labor Affairs Emil Lee, and Minister of Education Culture Youth & Sports Silveria Jacobs during the first hour as well as representatives of the various Ministries of Government as well as the SZV, SOAB, SER, CFT, Ombudsman and Council of Advice.

“A lot of territory was covered Read more

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Gibson: No Reason To Panic About Decline In Revenue

PHILIPSBURG – Minister of Finance Richard Gibson suggested that the financial situation of St. Maarten, in terms of government revenue, is not as bad as reflected in the first execution report of the first quarter of 2016.

The Committee for Financial Supervision for Curaçao and St. Maarten (CFT) had stated, in a letter dated June 8, to the Minister of Finance that the budget balance of the first quarter of 2016 had deteriorated by some NAf Read more

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Reliable Supply Of Electricity, Water Should Be Gebe's Main Concern – Says Gebe’S Supervisory Board.

PHILIPSBURG:--- The supervisory board of directors of GEBE N.V. held its first meeting on Saturday, June 11, since its appointment on June 1, 2016. Also present at the meeting were the Interim Manager of GEBE Mr. Andrew Zagers and the company’s attorney.

Supervisory Board Chairman Roy Marlin said that a number of household matters were discussed, including frequency of meetings etc Read more

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IMF submitted their conclusions for St. Maarten.

PHILIPSBURG:--- Minister of Finance Richard Gibson Sr. confirmed to members of the media that the IMF visited St. Maarten last week and they confirmed that St. Maarten had a growth of 0.5% in 2016, they projected that the country’s growth will increase in 2016 to 0.7% while they projected that the growth for 2017 will be 1.7%.
The Minister said that there has been a global slow down over the past 10 years Read more

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