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St. Maarten News - Posted by on February 3, 2016

Comments Off on Finance Minister Gibson: “Very frugal budget with room for expansion”

Finance Minister Gibson: “Very frugal budget with room for expansion”

    St. Maarten News:  The government intends to sell the new administration building on Pond Island for around 50 million guilders to social insurance agency SZV. With the building, SZV will also acquire the adjacent terrain of mor

St. Maarten News - Posted by on February 3, 2016

Comments Off on Government slashes 2016 travel budgets

Government slashes 2016 travel budgets

St. Maarten News:  The draft 2016 budget that was submitted to parliament on Monday proposes serious slashes in the travel budgets of all government departments. Across the board, the travel budgets have been cut by 16.7 percent. For the high counci

St. Maarten News - Posted by on February 3, 2016

Comments Off on St. Maarten Justice-related departments escape austerity measures

St. Maarten Justice-related departments escape austerity measures

St. Maarten News – The austerity-driven 2016 draft budget has hit some departments and organizations pretty hard, but justice-related ones have in general been spared and given higher budgets. Standing out is the national security service VDSM.

St. Maarten News - Posted by on February 3, 2016

Comments Off on Plasterk about dispute regulation “Kingdom cannot deviate from decisions, unless …”

Plasterk about dispute regulation “Kingdom cannot deviate from decisions, unless …”

  St. Maarten News:  The Kingdom Council of Ministers cannot deviate from an advice issued by a dispute regulator, unless such a deviation is properly motivated,” Kingdom Relations Minister Ronald Plasterk said at a press conference yeste

St. Maarten News - Posted by on February 3, 2016

Comments Off on Casinos major contributors to increased state revenue

Casinos major contributors to increased state revenue

St. Maarten News: The government projects an increase in state revenue of 3.1 percent this year compared to (still budgeted) 2015-revenue of 445 million guilders. The real revenue in 2014 was 422 million, but this year the government expects to pull

St. Maarten News - Posted by on February 3, 2016

Comments Off on Focus on compliance not on higher taxes

Focus on compliance not on higher taxes

St. Maarten News:  “For the time being” the government will not focus on higher taxes to increase state revenue. Instead, the focus will be on compliance, it appears from the explanatory notes with the draft 2016 budget. “In general it is a

St. Maarten News - Posted by on February 3, 2016

Comments Off on Minister Lee wants study unemployment insurance

Minister Lee wants study unemployment insurance

St. Maarten News: Minister Emil Lee (Public Health, Social Development and Labor) intends to merge the social services and the labor department to promote integral services.” This appears from the explanatory notes with the draft 2016 budget. Th

St. Maarten News - Posted by on February 3, 2016

Comments Off on Timeshare fees and car rental tax drop

Timeshare fees and car rental tax drop

St. Maarten News: Judging by the numbers presented in the draft 2016 budget, the pain for the fledgling timeshare industry on the island is becoming visible. For 2015, the budgeted timeshare fees stood at 5.9 million guilders, but this year the go