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Belize's trade deficit has been growing, mostly as a result of low export prices for sugar and bananas. [citation needed] The new government faces important challenges to economic stability. Rapid action to improve tax collection has been promised, but a lack of progress in reining in spending could bring the exchange rate under pressure.
All visa holders bought properties, lived in them for 2 weeks before leaving them empty or renting them out to holidaymakers, resulting in rising property prices and long-term rentals became unaffordable for locals. €7 billion has come into the country, 90% being used to buy property. Only 2 visas a year were issued for job creation reasons.
The 280-acre (113 hectare) island sits between Belize City and the Bacalar Chico National Park and Marine Reserve, home to the largest barrier reef in the northern hemisphere and one of the world ...
Individuals paid capital gains tax at their highest marginal rate of income tax (0%, 10%, 20% or 40% in the tax year 2007/8) but from 6 April 1998 were able to claim a taper relief which reduced the amount of a gain that is subject to capital gains tax (thus reducing the effective rate of tax) depending on whether the asset is a "business asset ...
Belize (/ b ɪ ˈ l iː z, b ɛ-/ ⓘ, bih-LEEZ, beh-; Belize Kriol English: Bileez) is a country on the north-eastern coast of Central America. It is bordered by Mexico to the north, the Caribbean Sea to the east, and Guatemala to the west and south. It also shares a maritime boundary with Honduras to the southeast.
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Corozal Town, the main centre of the District, is peopled by a mix of Belize's races and cultures, most notably the Maya Mestizos. Spanish and English are the major languages spoken. [citation needed] Calcutta, Estrella Village, Libertad, Ranchito, and San Antonio are populated by East Indian people and speak English and Spanish very well.
The UDP's primary campaign promise was to renegotiate the terms of a US$550 million bond repayment, which Barrow said would be his first task if re-elected. The bond accounted for 40% of Belize's economic output and half of the national debt, making Belize the 13th most indebted state in the world in 2012.
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