Travel companies risk crash-landing, Barbados seeks to lure remote workers, and India’s veteran bank boss cashes out. Catch up with the latest pandemic-related financial insights from Breakingviews:
allows anyone to work remotely on the island for 12 months for $2,000 per person or $3,000 for a family, and can be extended for a further 12 months. Those eligible for the visa would not pay Barbadian income tax.. But the emergence of a market for remote working from holiday or exotic destinations might trouble financial centres such as London or New York.
It could be a desirable benefit for new hires in jobs where office attendance is not mandatory and might even open ways to save money on tax. Governments, keen to get offices back to work and keep the infrastructure around them afloat, will be watching closely. Aditya Puri is cashing out at a delicate time. The long-standing boss of India’s $82 billion HDFC Bank, the country’s top lender by market value, sold a 0.
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