( an opinion comment )
From:
"tc vernon"
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To:
"bz-culture"
There is no capital gains tax in Belize but there are all sorts of taxes on an ongoing business including "dividend withholding "tax". Our tax regime taken as a whole encourages speculation and discourages ongoing business growth and survival. Thats partly why our economy has slowed almost to a halt and everything is for sale.
Some one has to point this out to the boys from the IFIs in DC and do it forcefully.
Our entire economy is designed to receive and facilitate the "Chinitos" and not support the ongoing local businesses.
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