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Guam reports 16 new cases; new total 434

August 11, 2020

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Monday, April 27, 2020

Sen. Wil Castro has introduced a bill that would temporarily reduce Guam's business privilege tax from 5 percent to 4 percent-- a recurring proposal that has repeatedly received a lukewarm response from the legislature and rejection from Gov. Lou Leon Guerrero.

The...

Monday, March 9, 2020

 Gov. Lou Leon Guerrero is joined by her fiscal team in Adelup during the unveiling of her administration's economic relief plan to address the impact of COVID-19 outbreak on  local economy. Photo by Mar-Vic Cagurangan 

Gov. Lourdes Leon Guerrero on Monday unv...

Tuesday, February 25, 2020

While Gov. Lourdes Leon Guerrero has touted Guam to be in great shape, Republican Sen. James Moylan is far from impressed, saying the governor's optimism does not reflect current realities. 

Moylan challenged the governor to cut business privilege tax if the g...

Thursday, May 31, 2018

All tax revenue, according to the American humorist P.J. O’Rourke, is the result of holding a gun to the taxpayer’s head. “Not paying taxes is against the law. If you don't pay your taxes, you'll be fined. If you don't pay the fine, you'll be jailed. If you try to esca...

Tuesday, April 3, 2018

  It was quite amusing if not woeful to watch. Gov. Eddie Calvo tried all sorts of scare contrivances to convince the skeptical senators that the sky was falling.

  First, the Guam Memorial Hospital’s accreditation was supposedly at stake — a claim that Speaker Benjamin...

Tuesday, April 3, 2018

   Taxes. Nobody likes figuring them out and no one likes paying them. Yet, lucky us, we have some new ones to discuss! So I’d like to start off by acknowledging how boring the conversation about taxes can be. That is, extremely boring this side of discussing the prope...

Thursday, March 15, 2018

By 8-7 vote, Legislature passes temporary business privilege tax increase and first-ever Guam sales tax and gives Governor Calvo more power to consolidate or cut government agencies to respond to $67 million shortfall due to Trump tax cuts.

    Governor Eddie Baza Calvo...

There's little dispute that Guam's government finances are barrelling toward a cliff, thanks in large part to President Trump's blandly named "Tax Cuts and Jobs Act of 2017." Local estimates of the impact of the loss  to the island's treasury range from $47 to $67 mill...

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