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VAT IMPLEMENTATION FROZEN IN TURKS AND CAICOS ISLANDS

Published in TCI News Now on 26th of February 2013

VAT implementation frozen

Britain’s Overseas Territories Minister Mark Simmonds wrote to Premier Rufus Ewing on Monday accepting the TCI government’s proposal not to implement value added tax (VAT) on April 1, 2013.

Britain’s minister for the Overseas Territories, Mark Simmonds
Simmonds said that Governor Ric Todd will not give his assent to the Private Member’s Bill to repeal VAT introduced by Sharlene Cartwright-Robinson, opposition leader and leader of the Peoples Democratic Movement (PDM).

At the same time, the governor will not sign the commencement notice that would have brought VAT into effect on April 1.

Simmonds went on to issue a strongly worded warning in his letter to Ewing that he cannot and will not allow a reversal of the financial progress achieved by the interim government.

Although the VAT Repeal Bill was passed by the House of Assembly with only the two governor’s appointed members voting against it, a more cogent reason for the freeze on VAT may be the revelations during a recent Appropriations Committee meeting, also chaired by Cartwright-Robinson, which indicated chief financial officer (CFO) Hugh McGarel-Groves and his VAT team were nowhere near prepared for the implementation of the new tax.

It was revealed at the meeting that McGarel-Groves had not yet purchased the software required to operate the complicated tax plan.

Businesses covered by VAT must pay the full tax and then apply for a credit against future taxes by submitting elaborate tabulations of each and every item imported and import duty tax paid.

It became clear as Cartwright-Robinson and other members of the committee questioned the CFO that neither he nor the permanent secretary of finance had studied the issue adequately and was unable to estimate what revenue VAT would raise.

Also revealed was that local businesses had not signed up for VAT. In fact, the Chamber of Commerce itself had come out against VAT.

In related news, Ewing appeared on local television trying to assume credit for the freeze on the new VAT. He said he wanted both the motion and a repeal bill but, after listening to Cartwright-Robinson’s arguments, agreed with her planned course of action.

Ewing on two previous occasions had asked for a delay of VAT and was twice refused.

He said that, if Cartwright-Robinson’s motion and the overwhelming support of the Assembly had not resulted in stopping VAT, he was ready to call for demonstrations.

TCI News Now spoke to Cartwright-Robinson as Ewing’s interview ended and she said it was clear that this has been a PDM issue and that Ewing had tried twice and been refused.

“We have been on record against VAT since early last year and it was our actions in the Appropriations Committee meeting that revealed that VAT had not been considered carefully,” Robinson said.

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By Cem Kınay

With many important hotel investments and international awards, Dr. Cem Kinay is one of the world's most important names in the tourism industry.

As the founder of the Austrian, Vienna-based Gulet Turistik(1987) and Magic Life Hotels(1990) chain, he created the "All Inclusive" hotel experience for European tourists.

He managed the Magic Life Hotels chain, which has a total of 20,000 beds and 23 hotels in Austria, Turkey, Greece, Spain, Egypt, Tunisia and Bulgaria, with more than 8000 teammates, as the fastest growing and most successful hotel concept at that time.

Millions of guests were hosted during 15 years, in Sarigerme, Marmaris, Bodrum, Belek, Side and Kemer in Turkey, Kos, Crete, Corfu and Rhodes Islands in Greece, Arlberg in Austria, Hamamet in Tunisia, Mahdia, Djerba, Egypt Sharm El Sheikh and Nile.

In 2021, the establishment of the Anatolity Sustainable Culture and Tourism Foundation was started with Elif Dağdeviren.

In 2020 he did consultancy for construction of u

In 2019 he was founding board member for Turkey Tourism Promotion and Development Agency .

In January 2019 his book “Be Human.Be Smart “was published by Destek Publications.

In 2018 his first book, “Akıllı Ol.İnsan Ol” was published by Destek Yayınları.

2017 Cem KINAY founded Cem KINAY XPD Consulting, providing investment, concept design and digital transformation consultancy for domestic and foreign investors.

In 2014/2015 he was GALATASARAY SPORTS CLUB Board Member.

In 2012 he moved to Istanbul.

In 2009 he had to leave the island after the coup in the Turks and Caicos Islands and the seizure of power and projects by the British government.

In 2006, he was honored by the President of Austria with important and valuable awards such as the "Austrian State Order".

Under the management of Cem Kinay, Gulet Turistik and Magic Life Hotels chain won more than 50 valuable awards from important organizations.

2005-2009 As the founder of The O Property Collection, he made the investments and real estate development of the Mandarin Oriental Dellis Cay Hotel and Bulgari Hotel in the Turks and Caicos. In that years he worked with the world's most magnificent architects like Zaha Hadid, Piero Lissoni, Antonio Citterio, David Chipperfield, Shigeru Ban, Kengo Kuma, Carl Ettensperger and Chad Oppenheim.

In 2004, he sold his shares in the Magic Life Hotels chain to the German TUI group, he moved to Miami, lived in America and Turks and Caicos Islands until 2012.

2003 Opening of the first “All Inclusive” Magic Life hotel on the Spanish island of Fuerteventura.

2002 Opening of the first “All Inclusive” Magic Life hotel in Sharm El Sheikh, Egypt.

2001 Opening of the first “All Inclusive” Magic Life Nile Shiphotel on the Nile river in Egypt.

2001 Opening of the first “All Inclusive” Magic Life hotel in Varna, Bulgaria.

2001 the German TUI joined Magic Life hotel chain.

1998 The first Magic Life Jet was designed and started to fly in cooperation with Austrian Airlines.

1997 Opening of the first "All Inclusive" Magic Life hotel in Hammamet, Tunisia.

In 1997, he was awarded as "Man of the Year" by Austria's important economy magazine "Trend Magazine".

In 1996, he was awarded as the "Tourism Manager of the Year" by the Hotel and Tourism magazine "Traveller".

In 1996 Opening of the first "All Inclusive" Magic Life hotel on the Greek island Kos.

1995/1996 Opening of the first “All Inclusive” Magic Life Ski Hotel in the Arlberg / Austria.

In 1994 The first "All Inclusive" Magic Life Yacht gulet sailed in Bodrum.

In 1990 He founded with his partner Oğuz Serim the Magic Life Hotels Chain and opened the first "All Inclusive" hotel, Magic Life Sarigerme.

1977-1984 Vienna University Faculty of Medicine

1969-1977 Istanbul Austrian High School

1969 he graduated from Ağrı Alpaslan Primary School.

1958-1969 he lived in Aşkale/Erzurum, Diyarbakır and Ağrı.

He was born in 1958 in Istanbul Bakirköy.

https://www.windycityhabitat.org/