March 6, 2025
Headlines

February 2025

Mr Statia should say whether Minister made required tax payments on behalf of ExxonMobil and partners for 2020, 2021, 2022 and 2023

News Editor06 mins

Our letter entitled `There should be an investigation into ExxonMobil’s use of tax certificates issued under Guyana’s 2016 PSA’ (Stabroek News, February 16, 2025) raised important concerns about the issuance of tax certificates and the implications for Guyana’s oil revenues. One day before its publication, the Minister of Parliamentary Affairs and Governance, Gail Texeira expressed…

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The Bahamas gets 15% tax on Guyana oil revenue and Guyana (like Piggy) gets none

News Editor09 mins

The Bahamas gets 15% tax on Guyana oil revenue and Guyana (like Piggy) gets none “The OECD/G20’s Pillar Two framework mandates that all in-scope MNEs (multi-national enterprises) pay a minimum effective tax rate of 15% on profits in each jurisdiction. The Bahamas must act decisively to ensure that these taxes are collected here, rather than…

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Investment Committee Member Files Legal Challenge Over Natural Resource Fund Transparency

News Editor04 mins

GEORGETOWN, GUYANA – Mr. Terrence Campbell, a Natural Resource Fund (NRF) Investment Committee member, this afternoon filed a judicial review application challenging the Government of Guyana’s management and transparency of the Natural Resource Fund. The application names the Attorney General of Guyana and the Senior Minister in the Office of the President with Responsibility for…

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There should be an investigation into ExxonMobil’s use of tax certificates issued under Guyana’s 2016 PSA

News Editor06 mins

The U.S. Foreign Tax Credit (FTC) is designed to prevent double taxation by allowing individuals and corporations to offset taxes paid to foreign governments against their U.S. tax obligations. However, there is compelling evidence that ExxonMobil and its affiliates obtain tax certificates issued by the Guyana Revenue Authority (GRA) without actually paying taxes in Guyana….

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The art of political survival differs only in personalities, locations and the prices to be paid

News Editor04 mins

The recent news of a prominent political personality seeking refuge in the embrace of his former adversary has not just left many shaking their heads in disbelief, but has also sparked profound questions about motives and morality, decency and dignity, principles and pragmatism. The public’s shock at this turn of events is palpable, and rightly…

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