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….
There seems to be no end to the deviousness of Bharrat Jagdeo, a man who disgracefully delights in living in his world riddled with sleaze, sinking so low as to be engaging in maliciously defiling the credentials of those who are much intellectually grander than him, and who take him to task for his gross…
There are many unanswered nuanced questions surrounding the Petroleum Sharing Agreement, PSA2016, and Guy-ana’s budgetary matters omitted in the article SN 2025-01-13, regarding the long-term welfare of the nation. The contract templates were carried into the new 2016 contract as if the two major parties were in agreement on the new 2016 contract. The 1999…
Dear Editor, Mechanization is not a strategy as mentioned in article, SN 2025-01-08. GuySuCo can pursue one of three generic strategies: low cost per ton of sugar, focusing on a market segment, or creating differentiated products to sell. The corporation should be consistent with Guyana’s avowed agricultural policy of diversification and pursue a differentiated product…
The letter in SN 25-01-06 by Sanjeev Datadin may not be in line with universally accepted legal principles. It appears that an ordinary business contract can over-ride Guyana’s Constitutional Laws governing taxation. Further, can one party create a law to break another law? These are principles in the Law of Contract, in Cheshire and Fyfoot,…
I refer to an SN article (December 23, 2024) captioned ‘President talks tough again on GuySuCo amid poor results, ongoing subventions’ (https://www.stabroeknews.com/2024/12/23/news/guyana/president-talks-tough-again-on-GuySuCo-amid-poor-results-ongoing-subventions/). In that article, President Ali is quoted as saying “…if …the target for 2025; the first crop target, and the second crop target, if the target is not achieved, then heads will roll.” May…
I join with others in calling for revising of the 2016 Production Sharing Agreement, PSA 2016. Withdrawal rules are less important than invoking the special clause under Article 24, ‘Force Majeure’, dealing with the additional actual and potential activities that are placing Guyanese to bear indirect costs arising from activities of adding an oil industry…
There has been a recent flurry of exchanges between the EPA weaving its tangled web of lies concerning Exxon’s Parent Company Guarantee and responses telling the truth coming from knowledgeable, credible, and patriotic sources such as yours truly and eminent Attorney Christopher Ram, notwithstanding the Honorable Judge Sandil Kissoon’s uncompromising admonishment of EPA, describing the…
Most weirdly, EPA’s purported December 14, 2024 response to my Kaieteur News interview of December 11, 2024, “Guyana cannot seize and sell its own assets to pay for an oil spill” did not match my interview subject, obviously admitting the idiocy that Guyana can seize Guyana’s own assets to pay for an oil spill. Nevertheless,…
The public deserves information on the outcomes of the 2016 Petroleum Sharing Agreement, PSA2016. Article 15.1 purports that Guyana’s tax laws are complied with by the contractor and its affiliated companies. This is in form only. Substance of actual corporation profits tax, under Guyana’s Sovereign Tax laws, are not paid into Guyana’s Consolidated Fund. This…
