If only Government would take our advice on import taxes. We've filed request after request to lower import taxes on vehicles. It would be better for everyone. But of course successive governments have indebted us taxpayers to the hilt so they do not seem to want to reduce import taxes. Maybe they do not want income taxes? I wish any of the majority black population (99% as you say) great success in business. In fact I wish anyone in business great success. Without successful businesses reasonable jobs won't be available and I don't see how everyone 100% of Bahamians will own their own business, but....
Sorry John Doe but it is you that misses the point. The article is about businesses operating illegally, not individual consumers who wish to spend their money however they wish. I am certainly not asking for special protection, just equal application of the law. Shumpeter's Creative Destruction is real and industries change. One is able to adjust or close down with all the disruption that goes with that. But that's the way it is.
There are some good deals to be found I understand.
Did they get a certificate of title and determine if the mileage was turned back to disguise the true number? Was there a condition report? A warranty?
To be fair being white is not a panacea. Besides there are many wealthy black Bahamian families as well. Do you think there are more wealthy black families than the small number of wealthy white families now? That would be an interesting statistic.
What I do not understand is why more people do not pool resources to start businesses.
Agreed. It will be an interesting future. How will we as individuals earn money if there are no local businesses? How will government take tax dollars?
Correct. Do you think there are used car vendors that sell over $100,000 per annum? Do you think they are they paying business license tax on their gross revenue as well? Do you think they are following price control regulations and inspectors check them out as they do regularised businesses?
Good points. We looked into the used car business from Japan and found that all the odometers were turned back. i.e 100,000 kms was turned back to 50,000 kms. Many of the models are different than our supplies provide. Parts are often on back order if available and even more expensive than regular parts. Not to mention suppliers offering to provide false invoices. I wonder why? Why do you assume capital is not a barrier?
Why do you have such a low opinion of yourself, thinking that I believe you are stupid? I don't even know who you are hiding behind a nom de plume. Discussions should be based on facts not conjecture. Can you prove government is earning more revenue? You keep repeating a mantra that is not substantiated. Follow developments in the region and terms laid down by governments in Jamaica or Trinidad for example. BMDA members are not privileged as far as I am aware, but one should not be able to operate a business on terms other than those laid down by the law. If so, the law must be changed to allow all businesses to operate without complying with business license tax, property tax if they own property, price control restrictions and VAT collection. At the end of the day the consumer is king, but lets compare apples to apples. I am all for reducing duties and regulations so the consumer has a real alternative.
RickLoweBahamas says...
If only Government would take our advice on import taxes. We've filed request after request to lower import taxes on vehicles. It would be better for everyone.
But of course successive governments have indebted us taxpayers to the hilt so they do not seem to want to reduce import taxes. Maybe they do not want income taxes?
I wish any of the majority black population (99% as you say) great success in business. In fact I wish anyone in business great success. Without successful businesses reasonable jobs won't be available and I don't see how everyone 100% of Bahamians will own their own business, but....
On Roadside auto dealers 'must pay fair share'
Posted 22 January 2018, 11:21 a.m. Suggest removal
RickLoweBahamas says...
Sorry John Doe but it is you that misses the point. The article is about businesses operating illegally, not individual consumers who wish to spend their money however they wish.
I am certainly not asking for special protection, just equal application of the law.
Shumpeter's Creative Destruction is real and industries change. One is able to adjust or close down with all the disruption that goes with that. But that's the way it is.
On Roadside auto dealers 'must pay fair share'
Posted 21 January 2018, 8:57 a.m. Suggest removal
RickLoweBahamas says...
Thank you.
Do you think there are more black millionaires than white millionaires?
A decent public transit system would go a long way here.
On Roadside auto dealers 'must pay fair share'
Posted 20 January 2018, 2:54 p.m. Suggest removal
RickLoweBahamas says...
There are some good deals to be found I understand.
Did they get a certificate of title and determine if the mileage was turned back to disguise the true number? Was there a condition report? A warranty?
To be fair being white is not a panacea. Besides there are many wealthy black Bahamian families as well. Do you think there are more wealthy black families than the small number of wealthy white families now? That would be an interesting statistic.
What I do not understand is why more people do not pool resources to start businesses.
On Roadside auto dealers 'must pay fair share'
Posted 20 January 2018, 12:22 p.m. Suggest removal
RickLoweBahamas says...
Agreed. It will be an interesting future.
How will we as individuals earn money if there are no local businesses?
How will government take tax dollars?
On Roadside auto dealers 'must pay fair share'
Posted 20 January 2018, 7:51 a.m. Suggest removal
RickLoweBahamas says...
Correct.
Do you think there are used car vendors that sell over $100,000 per annum?
Do you think they are they paying business license tax on their gross revenue as well?
Do you think they are following price control regulations and inspectors check them out as they do regularised businesses?
On Roadside auto dealers 'must pay fair share'
Posted 20 January 2018, 7:46 a.m. Suggest removal
RickLoweBahamas says...
Good points.
We looked into the used car business from Japan and found that all the odometers were turned back. i.e 100,000 kms was turned back to 50,000 kms.
Many of the models are different than our supplies provide.
Parts are often on back order if available and even more expensive than regular parts.
Not to mention suppliers offering to provide false invoices. I wonder why?
Why do you assume capital is not a barrier?
On Roadside auto dealers 'must pay fair share'
Posted 20 January 2018, 7:37 a.m. Suggest removal
RickLoweBahamas says...
Why do you have such a low opinion of yourself, thinking that I believe you are stupid? I don't even know who you are hiding behind a nom de plume.
Discussions should be based on facts not conjecture.
Can you prove government is earning more revenue?
You keep repeating a mantra that is not substantiated.
Follow developments in the region and terms laid down by governments in Jamaica or Trinidad for example.
BMDA members are not privileged as far as I am aware, but one should not be able to operate a business on terms other than those laid down by the law. If so, the law must be changed to allow all businesses to operate without complying with business license tax, property tax if they own property, price control restrictions and VAT collection.
At the end of the day the consumer is king, but lets compare apples to apples.
I am all for reducing duties and regulations so the consumer has a real alternative.
On Roadside auto dealers 'must pay fair share'
Posted 20 January 2018, 7:34 a.m. Suggest removal
RickLoweBahamas says...
Ever thought about a career as a comedian?
On Roadside auto dealers 'must pay fair share'
Posted 19 January 2018, 3:11 p.m. Suggest removal
RickLoweBahamas says...
If you had the confidence you display with spouting false verbiage you would identify yourself so we can have an honest discussion.
Your conjecture does not fact make.
On Roadside auto dealers 'must pay fair share'
Posted 19 January 2018, 2:37 p.m. Suggest removal