Opinion
Mr Statia should say whether Minister made required tax payments on behalf of ExxonMobil and partners for 2020, 2021, 2022 and 2023
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…
The Bahamas gets 15% tax on Guyana oil revenue and Guyana (like Piggy) gets none
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…
Investment Committee Member Files Legal Challenge Over Natural Resource Fund Transparency
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…
There should be an investigation into ExxonMobil’s use of tax certificates issued under Guyana’s 2016 PSA
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….
Subsidy? What subsidy?
The myth of an electricity subsidy in T&T and the forces behind it THE Energy Chamber of Trinidad and Tobago, which over the past few years has led an aggressive campaign to remove the ‘electricity subsidy’ for consumers in T& T, is governed by a 15-member board of directors of which seven are from the…
The art of political survival differs only in personalities, locations and the prices to be paid
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…
The Natural Resource Fund Debate: Getting the Law Wrong
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 152 The exchange over Guyana’s Natural Resource Fund (NRF) involving Dr. Terrence Campbell, VP Bharrat Jagdeo and Dr. Ashni Singh has revealed troubling misunderstandings of our fiscal legal framework, not least from those who ought to know better. What began as a straightforward…
My seniority at the US Department of the Energy (USDOE)
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…
A sustainable budget for Guyana will inevitably be tied to the NRF and domestic taxes barring renegotiation
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…