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Caribbean L 20 ife, May 24–30, 2019 BQ
in court on Sept. 23, 2019.
The 51-year-old billionaire whose
travel documents were seized by the
police were returned to him and he
was free to leave the
country.
The charges were
laid after an investigation
into the discovery
of cannabis on his private jet when he
arrived at the Robert Llewellyn Bradshaw
International Airport recently,
along with American businessman
Chase Ergen with whom he is in a
cannabis business venture.
Irish actor, Jonathan Rhys Meyers
and his family had also been traveling
with David and Ergen.
David claimed that the plants he
had on his plane were hemp, which
were related to his plans for a new
legal cannabis business in St. Kitts
and Nevis and other parts of the
region.
He and Ergen had announced last
month they had formed a consortium,
which specializes in cannabidiol
medicines and they hoped to develop
the legal cannabis market in the
Eastern Caribbean countries, including
St. Kitts and Nevis, Dominica and
Antigua and Barbuda.
Trinidad
Trinidad and Tobago’s Minister of
Finance, Colm Imbert has announced
a tax amnesty in his mid-year review
of the budget, giving delinquent tax
payers three months to put their
taxes in order starting from next
month.
Imbert did not impose any taxes to
raise fuel prices, which he did in the
last Budget and previous ones.
He, however, increased the 2019
Budget from its initial TT$51.7 billion
level to $52.07 billion.
On the amnesty, Imbert said it will
cover all forms of taxation
because once the
new Revenue Authority
comes on stream,
future amnesties are
unlikely.
He told Parliament that there is
“good news” about the economy since
“we’ve recovered from the oil shock of
2014 and 2016 and we have stabilized
our economy.”
The minister of finance said government
is ensuring that natural gas
production will continue to be a major
driver of the economic growth.
He sought to allay concerns, which
arose after BPTT announced it may
not be able to guarantee a continued
supply of Atlantic LNG’s Train
One Plant, which can have a possible
impact of the situations on Trinidad
and Tobago’s economic recovery.
— Compiled by Azad Ali
Continued from Page 4
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