BARBADOS OLYMPIC ASSOCIATION PLEADS WITH CHRIS SINCKLER TO PAUSE BEFORE HE TAXES
Plans to add taxation to an already levied lottery which subsidises a sporting NGO is creating waves across the athletic community.
President of the Barbados Olympic Association, Steve Stoute addressed celebrants and their supporters at Hilton Barbados last night as the BOA acknowledged athletes of the past and present in their annual awards ceremony.
Mr Stoute was worried over future spending for popular games of chance if Barbadians decided to reduce spending with high levels of taxation, if people spend less on tickets then the Olympic Association’s subsidy is equally lessened – an untenable option especially after a small contingent attended the 2012 London Olympiad due in part to similarly affected funding;-
The BOA President made his concerns known in a room which included Minister of Sports, Culture & Youth Affairs – Stephen Lashley.
He explained the purpose of the body and who helped form the initial grouping;-
Flow is investing $100,000 per year for the next five years and is already making inquiries as to how they can assist with the Association’s museum which is behind the Sagicor offices in Wildey.