Opposition Lambastes GOB for Attempting to Settle NEWCO Debt

239 views · Published 1 October 2018 · 3:17 · Indexed 8 November 2026

Channel: Greater Belize Media | GBM · 2018 · News & Politics

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The Opposition hotly debated the six million U.S.-dollar settlement agreement. John Briceño led the charge questioning why government wants to settle a U.S.-based judgment when it had ignored a judgement in Belize’s courts.  According to Briceño’s calculations, the government’s tax claim with penalties and interest amount to twenty-eight million dollars, which it is giving up to NEWCO. Had the government settled in 2008, Briceño’s says it would have paid far less.

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