Saturday, January 20, 2018

First Caribbean exec at Scotia head office*

Anya Schnoor

Photo: ISHMAEL SALANDY


The ten per cent increase in the corporation tax rate on commercial banks operating in T&T over the last two years is likely to stop the expansion of the financial institutions, said Anya Schnoor, the immediate past president of the Bankers Association of T&T (BATT).
Speaking to Express Business at the Hyatt last Wednesday, after hosting BATT’s 20th anniversary celebrations, Schnoor cited two examples: banks may choose to defer plans to establish new branches and they may slowdown the roll-out of new automatic teller machines (ATMs) in far-flung communities.

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