Property Matters – The Show Tell Hotel

Tax transparency is the series of laws or rules to require businesses or people to disclose their income earned and taxes paid.

What re-ignited my interest in this was the recent Daily Mail article on the Florida lawsuit against Sandals Resorts International (SRI) by a former guest on allegations of tax fraud. The allegation is that the 12% accommodation tax charged to guests at Beaches in the Turks & Caicos Islands was not all remitted to the government, with a significant percentage of those monies kept by SRI (owners of Beaches).

beaches-tandc

SRI has denied those allegations and will be fighting the case strongly, but I wondered – just how did that guest get enough information to decide to file this lawsuit? Recently in the TCI there has been serious political fallout arising from certain secret tax and duty concessions to SRI now being published, which once again shows just how imperative it is to have transparency. Without those secret deals having been disclosed, how would that person know they were being charged in the incorrect and dishonest way as alleged in their lawsuit? Continue reading “Property Matters – The Show Tell Hotel”

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