Tax haven for foreigners

Oct 16, 2026 Editorial, News

(Kaieteur News) – Guyana’s oil wealth is transforming the country, but the question of who benefits most from that transformation remains unsettled. Now, as the United States calls for more tax incentives and other concessions for its companies seeking to enter the Guyanese market, the Government must confront a fundamental question: how much more must Guyana give away to attract investors, and what guarantees exist that the country will receive a fair return?

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U.S. Ambassador to Guyana Nicole Theriot’s appeal for additional incentives for American firms must be examined against the background of the extraordinary concessions granted to ExxonMobil and its partners under the 2016 Production Sharing Agreement (PSA).