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BIBA（https://biba.bb） > BIBA Press Releases（https://biba.bb/category/biba-press-releases/） > BIBA Hears Call for Barbados to Expand Tax Treaty Network
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BIBA Hears Call for Barbados to Expand Tax Treaty Network
Posted on August 25, 2026 Categories: BIBA Press Releases（https://biba.bb/category/biba-press-releases/）, Featured Press Releases（https://biba.bb/category/featured-press-releases/） Comments are off for this post
Barbados’ key tax adviser is urging the island to redouble efforts to expand its tax treaty network as it aligns further with the global minimum tax (GMT) structure demanded by G7 nations.
Pascal Saint-Amans, special adviser to Prime Minister Mia Mottley on taxation-related matters, offered this assessment while addressing a recent session for members of BIBA, the Association for Global Business, at the Regus Business Centre in Welches, St Thomas.
The Frenchman argued that tax treaties had not become obsolete simply because Barbados had raised its corporate tax rate and introduced a top-up tax aligned with the effective 15 per cent GMT for multinational companies with global revenues of at least €750 million (US$864 million). The measure was introduced by the Organisation for Economic Cooperation and Development (OECD) to discourage companies from shifting profits to low-tax jurisdictions.
Saint-Amans, a former Director of the Centre for Tax Policy and Administration at the OECD, was speaking recently during BIBA’s Coffee & Conversation forum.
“Do we need tax treaties? It’s absolutely essential, now that we are in a regular type of corporate income tax. . . We have a regular tax system . . . with low taxation on insurance business,” he outlined.
He asserted: “We badly need a strong, dense treaty network, because there is a risk of double taxation. And that’s my line with the Prime Minister, the government, with the Barbados Revenue Authority, and with business units such as you here, to say we now must provide you, taxpayers, service providers with absolute tax certainty. With the elimination of the low taxation, and in the new world, this can bring more substance,” he asserted.
Saint-Amans, who began formally advising Barbados on international tax matters in 2022, also urged the island to ensure it preserves its tax treaty with the United States.
Amid shifting geopolitical dynamics, he reiterated the need for Barbados to remain prepared to capitalise on emerging opportunities.
“We don’t really know what’s going to happen in Venezuela, but still the economy is opening. We don’t exactly know when Cuba will be opening, but it’s going to pop up. . . . Will the big investors put their money directly in Venezuela? . . .
“We are in the place where we have the treaty network, including with the United States, Canada, and we have the Netherlands.