Boynes gets $20M tax break
By SEAN DOUGLAS Friday, May 9 2008
FORMER Minister of Sport and Toco/Manzanilla MP Roger Boynes and his brother Ronald Boynes, chairman of the Sangre Grande Regional Corporation chairman, have enjoyed a $20 million tax break on their Salybia Resort and Spa.
This was revealed by Legal Notice 54 in the Trinidad and Tobago Gazette of April 10. The document cited an order, made under the Tourism Development Act, for a tax-break in the form of a capital allowance on the brothers’ investment of $20,566,731 on the resort as an approved tourism project. The order also exempts the resort from paying any tax on its gains or profits for five years.
Now we see why the mudder cont opt out of Govt. Dey get what they want.