While Duties are supposed to be reduced, I wouldn't look for that initially, being we have until 2025 per WTO to reduce them, but realize also that no matter the duty rate, VAT is on top of CIF and duty! Government is looking for a "Bump" in revenues, Seems the IMF cannot guarantee increased revenues via VAT. One of the main initiatives within the VAT is the clearer view for the IMF of our records, both personal and Businesses and Government.
But you will pay 15% VAT upon import, just like we pay duty! :) What you will cut out is the Local economy, with its already high overheads. The end user, or consumer will always pay in the end.
Unethical, Immoral, but foremost Ignorant of their responsibility as elected officials and Civil servants. Willful Ignorance, given a free pass by the People who elected them.
Their admission that this is happening is a public admission of fraud! Where is the A.G's office? Meanwhile, citizens avoid paying taxes because it is de rigueur. No wonder the IMF wants VAT, it is heavy on the auditing, of both personal and Business records, along the whole chain of transactions. Sweetheart deals, and special consideration is finished!
Meanwhile, we are a broke country, imposing more taxation on anyone who has something left, those who did save, and plan, so we can "give away" "free" stuff to buy more Loyalty to party. This is insanity folks, pure insanity.
The_Oracle says...
Needs witnesses for his Absolution!
On ‘How much did PM's tour cost the taxpayer?’
Posted 22 November 2013, 9:28 p.m. Suggest removal
The_Oracle says...
While Duties are supposed to be reduced,
I wouldn't look for that initially, being we have until 2025 per WTO to reduce them,
but realize also that no matter the duty rate, VAT is on top of CIF and duty!
Government is looking for a "Bump" in revenues,
Seems the IMF cannot guarantee increased revenues via VAT.
One of the main initiatives within the VAT is the clearer view for the IMF of our records, both personal and Businesses and Government.
On VAT to cut auto gross profits 8%
Posted 21 November 2013, 3:09 p.m. Suggest removal
The_Oracle says...
But you will pay 15% VAT upon import,
just like we pay duty! :)
What you will cut out is the Local economy, with its already high overheads.
The end user, or consumer will always pay in the end.
On VAT to cut auto gross profits 8%
Posted 20 November 2013, 4:17 p.m. Suggest removal
The_Oracle says...
And will keep going up, particularly when it morphs into income tax.
$700 threshold and rate increase in Jan.
it will soon enough be at 18%
On Auto chief: $100m 'right away' via 5% payroll tax
Posted 20 November 2013, 4:15 p.m. Suggest removal
The_Oracle says...
So, In a competent world, there should be
Electronic records to back up the hard copies.
And Pigs will fly in the Junkanoo parade this year......
On Hundreds of NIB files destroyed in storage facility fire
Posted 20 November 2013, 1:35 p.m. Suggest removal
The_Oracle says...
Unethical, Immoral,
but foremost Ignorant of their responsibility as elected officials and Civil servants.
Willful Ignorance, given a free pass by the People who elected them.
Their admission that this is happening is a public admission of fraud!
Where is the A.G's office?
Meanwhile, citizens avoid paying taxes because it is de rigueur.
No wonder the IMF wants VAT, it is heavy on the auditing, of both personal and Business records, along the whole chain of transactions.
Sweetheart deals, and special consideration is finished!
On Warning of 'uproar' if BEC stops double dipping
Posted 19 November 2013, 3:05 p.m. Suggest removal
The_Oracle says...
It's OK, him just want absolution............
On PM meets with Pope Francis
Posted 19 November 2013, 1:14 p.m. Suggest removal
The_Oracle says...
A contingent of 30 people approx cost of $30+ K in air fare alone.......
Ludicrous.
On PM meets with Pope Francis
Posted 18 November 2013, 2:19 p.m. Suggest removal
The_Oracle says...
Meanwhile, we are a broke country, imposing more taxation on anyone who has something left, those who did save, and plan,
so we can "give away" "free" stuff to buy more Loyalty to party.
This is insanity folks,
pure insanity.
On More than 200 contractors chosen for $9m repairs scheme
Posted 17 November 2013, 12:15 p.m. Suggest removal
The_Oracle says...
This could be Fun, IF done right.
The expertise is here and available, if arranged right and winning bid is selected for capability and this not being another hijacked sell off.
On 'Universal service' for Out Islands post BEC restructuring
Posted 15 November 2013, 1:15 p.m. Suggest removal