Saturday, April 27, 2024

Tax ‘burden’

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Fast food chain Burger King says its growth in Barbados has been restricted by burdensome taxes.

Operations director Everick Eastmond said while it was a semi-processing business, it had been lumped with retailers and as a result, it was subject to heavy duties.

Speaking during the company’s fifth anniversary awards ceremony yesterday in the food court of Sky Mall, Haggatt Hall, St Michael, he said: “We’ve been fighting to be recognised as a semi-processor and not a retail establishment. The majority of what we use is indigenous, and we add 65 per cent in value to what we take in; so it is time we be separated from the retail crowd.”

Afterwards, he told the DAILY NATION Burger King’s initial projections had it further than it was now. (CA)

Please read the full story in today’s Daily Nation, or in the eNATION edition.

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