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According to Barbados Nation, Government is facing a $115 million reduction in corporate tax revenue, as about 27 companies cease doing business in Barbados and leave the island. That anticipated fiscal blow is disclosed in a Quarterly Central Government Fiscal Operations Report produced by the Fiscal Risk Unit of the Ministry of Finance, which detailed an overall $213.6 million, or 44 per cent, decline in revenue from traditional corporation tax in the first three months of Government’s 2026-2027 fiscal year. The ministry indicated that this decrease in Barbados’ corporate tax base was not enough to put a dent in Government’s earnings between April 1 and June 30. When the first quarter of the new fiscal year ended on June 30, total revenue was $1.38 billion, an increase of $77.5 million over the same period in the previous year. A major contributor was the $370.4 million earned from the Qualified Domestic Minimum To
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