Anguilla
MAKING FORTUNES FROM FRACTIONS – AND GST! – The Anguillian Newspaper – The Weekly Independent Paper of Anguilla


Long before the advent of paper currency in England, commerce was conducted using gold and silver coins minted to equal their actual value in those precious metals. By the 1600s, the merchants and the Crown had established a broadly accepted monetary system.1
Shaving around the Edges: Coin Clipping
Silver and gold coins nonetheless presented seemingly irresistible temptations to “shave” or “clip” their edges to recoup the metals as bullion, which also fueled organised crime with systematic debasement. As coins wore down in normal use, imperceptible clipping could go undetected. In fact, “some clippers managed to earn tantalising fortunes from the illegal practice.”1
Over time, the currency was generally so compromised that international traders would only accept “heavy” coins that ensured their full value. Merchants began hoarding intact coins, which further eroded trust and the value of the remaining domestic circulation. Soon after ascending to the throne, King William III envisioned a plan that became the Great Recoinage of 1696. The government then established the Bank of England and, ultimately, fully reformed the currency and monetary system.1
… and “Sweating” of Gold and Silver Coins
As some coins eventually wore down to a fraction of their original size, another form of coin debasement placed newly minted coins into a bag and shook them against one another. This practice of “sweating” resulted in gold or silver dust in the bottom of the bag before returning them to circulation, as if they had been in normal use – presumably less noticeably debased than when clipped, as above.2
From Coins to Clicks: Billions from Ad Buttons
Ever wonder how anyone makes money from those distracting ads we see when searching for shopping, events, or any other information online? Google AdSense ads reportedly generate from $0.04 for a Sports ad to $0.14 for every 10 page views in a Travel category, paying about 68% to the ad publisher from Google.3
And, those ads add up! “In 2021, Google’s ad revenue amounted to 209.49 billion U.S. dollars. [generated] through its Google Ads platform, which enables advertisers to display ads, product listings and service offerings across Google’s extensive ad network…”4 Every little bit counts. And Google made all that from the fraction they didn’t pay to publishers! Wow.
Mysterious Bank Deposit Taxes: A Million Dollars More than 2021!
Although it’s a fiscal mystery here in Anguilla, the government has been collecting millions of dollars every year for years from the Bank Deposit Levy. And they took more than another million dollars more last year. That is, the Bank Deposit Levy paid the government $5.3 Million in 2022 – up from $4.2 Million in 2021!5 Here’s another small fortune from fractions taken by taxing deposits we expected to be safe.
The 2% Take on Takeaway Transfers
Many people with some of the hardest jobs in Anguilla have not only been severely affected by losing 13% of their purchasing power when GST went into full effect last July 1st, but they actually lost 15% when helping their families offshore! That fractional “shaving” of the People’s coins is now collected as a 2% tax on all those MoneyGrams and Western Union transfers. Ironically, it was budgeted to give the government $800,000 in 2022; however, after imposing GST, the take for this tax fell short, ending up at $616,414. As an economic indicator nearly 25% below budget, we must ask: How many of our most vulnerable households lost up to a quarter of all they had as a result of GST? Or, were many forced to leave the island, hoping to survive in more favorable economies, free of GST? 5
And Not Getting Credit for GST on Credit Cards!
By year end, the government collected a reported $124 Million from “general taxes” on Goods and Services transactions throughout the economy. This exceeded a budgeted amount of $64 Million for the year – by tens of millions! 5 Ostensibly, businesses forced to collect GST were nonetheless “entitled” to deduct GST paid in the course of earning the revenues on which they were forced to take it from their customers.
If say, 80% of those general taxes were collected on credit card purchases with an average business cost of 3% per transaction, then 13% of those 3% fees was “over collected”: That would conservatively amount to some $400,000 across all businesses in 2022. It may not sound like a fantastic “fractional fortune” but that excess was about twice the fees paid for all post office box rentals. It would also equal about 2/3rds of that 2% paid by too many who worked so hard to send money home while working in the businesses that overpaid GST on credit card fees!
Taking a Fortune from Fractions and Fracturing Our Future
Given the size of that fortune the government took in “general taxes” on Goods and Services, were the People taken yet again?
All were told GST was desperately needed to yield another $22 Million per year – or $11 Million in 6 months. But, that $11 Million more we expected was only a fraction of the $60 Million more that they took! And remember, the government forced IGT on the People after Irma, and GST was imposed – and our civil rights taken – during a pandemic, no less.
Notably, about $23 Million of that extra take was collected from Accommodations before GST began last July. That alone exceeded $22 Million right there. All we ever needed was to open our borders!
And countless other taxes, from the Bank Deposit Levy, to workforce, property, and international trade added yet more – without GST, and far exceeded the sum on which GST was forced on the People of Anguilla.5 Looks like they never needed GST! Not a fraction of it.
In fact, repealing GST and resuming unrestricted commerce would replenish 13% of purchasing power to the People – and ultimately benefit those who imposed it. How? Generating 13% more trade would contribute to dozens of other previously established taxes, levies, and fees – while restoring $100EC to those left with just $87 – or $85 with families offshore – while the government amassed that fortune from fractions!
It’s time to make us all whole: Reasoned leaders must repeal GST – and while they’re at it, have the decency to respect our history by taking off that 2% take on those taken from their families trying to make ends meet from afar.
Repeal GST. Now.
This article reflects cultural and economic issues raised on July 5, 2021, at the House Select Committee on GST Public Hearing. 1https://britanniacoincompany.com/blog/coin-clipping-the-great-recoinage-of-1696/; 2https://en.wikipedia.org/wiki/Methods_of_coin_debasement; 3https://www.statista.com/statistics/266249/advertising-revenue-of-google/; 4https://seochatter.com/how-much-does-adsense-pay-per-1000-views-click/; 5Government of Anguilla 2023 Budget.
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Anguilla
MEMBERS PLEASED WITH REBUILDING PROGRESS OF THE SHIMEI SDA CHURCH BUILDING IN LONG BAY



The Pastor and members of the Shimei Seventh-day Adventist Church say they are excited with the progress of the rebuilding of the church building in Long Bay.
The latest development was the casting of the floor “jollification” style on Sunday 26th February, 2023. Work on “pouring the floor” started early in the morning when the truck rolled on the property to ‘shoot’ the concrete.
Workmen from the Mount Fortune and New Life churches in the east had traveled to the west to participate in the work. They were accompanied by the church sisters who cooked and distributed a delicious Sunday meal.
Pastor Lester Jules is the Pastor assigned to the Shimei Ministry, as well as the Jireh Ministry in South Hill. He shared with The Anguillian his feelings about the casting of the floor:
“We have registered good progress with the pouring of the floor,” he said. “This work spells excitement, hope, and great expectations, as we continue on this worthwhile project for the Lord. We were joined by members from the other districts who came down to assist us, and indeed we are thankful for all the help we can get.”
“The effort was crowned with a very tasty lunch provided by the women of the Mount Fortune Church. Indeed, we thank them immensely,” Pastor Jules said. “We remain resolute and committed to having this church project completed for the work of Christ in the not too distant future.”
Pastor Howard Simon is in charge of the churches in East End. He is the Coordinator of the building project, and one of his duties is to ensure that there is adequate manpower for the work.
He told the Anguillian Newspaper he is eager to see the Shimei church completed.
“Pastor Jules marshaled his troops,” he said, “and we from Mount Fortune and New Life joined forces with them to make the work easier. It was a wonderful experience. We had a tremendous time. We had a lot of folks down there engaged in the casting of the floor. The ladies from Mount Fortune provided a sumptuous lunch for us, and we thank them wholeheartedly.”
“We had gone down there before as a team to work with the Chief Contractor, Brother Earnest Fleming, on some other preparatory work for the floor pouring. All in all, Sunday’s work was quite rewarding and our united efforts proved to be a great success.
Remarkably, the Shimei Ministry was the first Seventh-day Adventist church established in Anguilla in the early 1930s, but the body of believers had no building of their own in which to worship. Services were held in Edmond Hodge’s home – one of the members – before a little shelter was built, which was occupied for a number of years.
Since then, a building was dedicated in 1987. The new building, now in progress, promises to be a magnificent edifice when it is completed. This 11,935 square-foot structure will replace that 1987 building which was destroyed by Hurricane Irma in 2017.
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Anguilla
ANGLEC ENTHUSED WITH ROLLOUT OF THREE ELECTRIC CARS – The Anguillian Newspaper – The Weekly Independent Paper of Anguilla

ANGLEC has unveiled three state-of-the-art electric powered cars.
The roll out on Friday afternoon, 24th February, is in keeping with its commitment to “serve you better”, and to reduce its dependence on fossil fuels.
ANGLEC’s CEO, Mr. Sutcliffe Hodge, introduced the two Chevrolet Bolts and one Nissan Leaf to the press, with emphasis placed on ANGLEC’s determination to move away from fossil fuel operated vehicles, to more efficient environmentally friendly vehicles over the course of time.
Mr. Hodge said that due to the impacts that fossil fuels have made on the environment all around the world, there is the need to transition to cleaner sources of energy. He said: “Over the past few decades, there has been much research work done on how to transition fossil fuel-operated automobiles away from fossil fuel to the use of other energies such as hydrogen and electricity, in particular.”
“For ANGLEC, as the supplier of Anguilla’s electricity, it seems almost like a natural relationship,” he said, “whereby ANGLEC should lead the way with Anguilla’s transitioning away from the use of fossil fuel cars towards using electrical vehicles.”
“A couple weeks after taking up my appointment at ANGLEC,” he said, “we started having the conversation about using electrical vehicles, and we decided that it is something that we must do. Now today, we are unveiling three electrical vehicles which ANGLEC has purchased.”
“Starting today,” he continued, “ANGLEC will have branded electrical vehicles on the road which will represent a mobile billboard for us, saying ‘100% fuel-free’. With these cars, we would realise zero emissions and a significant reduction in running costs.”
ANGLEC’s Chief Operations Manager, Mr. Steve Hodge, commended the efforts of the CEO for ANGLEC’s acquiring of the three electrical vehicles.
“I must give kudos to Mr. Hodge as our CEO. Shortly after he joined ANGLEC, the idea of electric vehicles dominated one of the first conversations he had with me. He made sure he would accelerate our acquisition of electrical cars and begin to move away from fossil fuel powered vehicles”, Mr. Steve Hodge said.
“As the Electricity provider for Anguilla, we keep our eyes focused on how our use of electrical vehicles would benefit our customers. These vehicles will give us greater efficiency, helping us cut operating costs in the long run. And naturally, a more efficient ANGLEC ultimately benefits our customers”, he told the press.
The Chief Operations Manager noted that the introduction of the three electric vehicles must be considered as Phase 1 in what will be an ongoing process of significantly reducing ANGLEC’s reliance on fuel-powered vehicles.
He stated that as ANGLEC acquires more electric vehicles, the fossil fuel-operated vehicles will be sold.
The introduction of the electric cars takes ANGLEC’s fleet to thirty-three, including thirty gasoline and diesel-powered vehicles.
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DISCLAIMER:
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Anguilla
ANGUILLIANS SHOULD ALL KNOW THAT WE HAVE A SPECIAL ECONOMIC ZONE #1 – The Anguillian Newspaper – The Weekly Independent Paper of Anguilla
This initiative is now proving to be of great interest to businesses everywhere.
In this series of articles we will be explaining the Special Economic Zone and how it will benefit the economy of Anguilla and all Anguillians
AZUR is the name of Anguilla’s Special Economic Zone, set up by the Chord Group with substantial support from the Government, through a suite of legislation, and offers impressive concessions whilst creating fabulous lifestyle options.
Companies within the Zone are focused on trading globally, not locally, and are designed to facilitate trade on an international basis.
Establishing a business in the Special Economic Zone should be an attractive option for companies who are looking to branch out into different markets. With the right infrastructure supporting them, these businesses can gain access to many opportunities while avoiding the financial costs and restrictions associated with setting up a company in new markets globally.
Businesses searching for low administrative costs, tax benefits, and access to new markets often register their businesses globally, which AZUR makes easy.
With a specialized infrastructure in place, businesses can take advantage of the tax incentives and market opportunities offered by Anguilla without a large physical footprint.
To find out how you could benefit please visit AZURSEZ.com or contact us at info@azursez.com.
Alternatively contact our Zone Manager, Steve Garlick on 264 729 2793 s.garlick@azursez.com
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All rights/copyrights of the text and imagery belong to their respective owner, we do NOT claim any ownership.
DISCLAIMER:
Underneath Part 107 of the Copyright Act 1976, allowance is made for “honest use” for functions akin to criticism, remark, information reporting, instructing, scholarship, and analysis. Honest use is a use permitted by copyright statute that may in any other case be infringing.”
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