I was Hubert that bragged when he was last Prime Minister that the Bahamas and China were the only two countries in the world to not downsize their civil service during the recession that began in 2008. So now here we are.
This is just smoke and mirrors. What happens when BEC can't net off their vat expenses and have to raise their base rates/fuel surcharge? We'll be right back to square one.
This is a big blow to business that need to buy physical locations to operate. This will kill businesses. This part of the budget is worse than the vat increase and a total backtracking by the government even though it was done under the previous one.
This is all part of the game with the IMF and other global lending powers to get control of our country. We have borrowed enough so now they can dictate to us. This is all part of the Bahamas being pressured to join WTO among other things. VAT has to be between 15-20% for WTO and this was going to happen with either party. It is all smoke and mirrors as we get sold down the river and we lose our sovereignty.
The government promised to get it's house in order with the first 7.5 vat now we're adding another 4.5 with no tangible progress towards the government getting it's house in order. I guess we will need another 4.5 in two years.
I wonder how much of the 4 million increase to social services budget will be used to hire more government workers rather than actually go to helping people? These bloated government offices need to be downsized. No new committies. Noo new agencies. Stop the government payroll pig! People falling over each other in these places with no accountability or responsibility for what goes on.
Exactly when the plp first gained power the Bahamas should have explored for more than just 1 term how it would manage with full internal self control rather than just jumping straight to independence. It might have not worked and then still could have then gone full independent but, we never really had a transition.
When the government talks about ease of doing business what they mean is "ease of the government doing business" they want the private sector to do all their work for them from collecting taxes to have to do and present every government document over and over again to every agency so they do not have to go through the trouble of looking something up. It's just all so ridiculous.
bcitizen says...
This is one of the most ill thought out parts of the new budget.
On Tax change threat to 'resilient' $928m FDI inflow's repeat
Posted 8 June 2018, 2:09 p.m. Suggest removal
bcitizen says...
I was Hubert that bragged when he was last Prime Minister that the Bahamas and China were the only two countries in the world to not downsize their civil service during the recession that began in 2008. So now here we are.
On Laing defends former FNM govt
Posted 8 June 2018, 8:03 a.m. Suggest removal
bcitizen says...
This is just smoke and mirrors. What happens when BEC can't net off their vat expenses and have to raise their base rates/fuel surcharge? We'll be right back to square one.
On Electric bill exemption on VAT is raised to $200
Posted 7 June 2018, 6:55 p.m. Suggest removal
bcitizen says...
This is a big blow to business that need to buy physical locations to operate. This will kill businesses. This part of the budget is worse than the vat increase and a total backtracking by the government even though it was done under the previous one.
On Developer: 'Millions on the line' through VAT structure alter
Posted 6 June 2018, 3:26 p.m. Suggest removal
bcitizen says...
This is all part of the game with the IMF and other global lending powers to get control of our country. We have borrowed enough so now they can dictate to us. This is all part of the Bahamas being pressured to join WTO among other things. VAT has to be between 15-20% for WTO and this was going to happen with either party. It is all smoke and mirrors as we get sold down the river and we lose our sovereignty.
On Fin Secretary: Bahamas must avoid Barbados' 'frog in pot' fate
Posted 5 June 2018, 10:30 a.m. Suggest removal
bcitizen says...
The government promised to get it's house in order with the first 7.5 vat now we're adding another 4.5 with no tangible progress towards the government getting it's house in order. I guess we will need another 4.5 in two years.
On Business warns Gov't off Budget 'bail out'
Posted 2 June 2018, 8:14 a.m. Suggest removal
bcitizen says...
This is what's gonna happen with the next 4.5 percent vat. More government hires. Shrink the government and we won't need more taxes!
On 'Insane' 40% growth in govt's wage bill
Posted 1 June 2018, 11 a.m. Suggest removal
bcitizen says...
I wonder how much of the 4 million increase to social services budget will be used to hire more government workers rather than actually go to helping people? These bloated government offices need to be downsized. No new committies. Noo new agencies. Stop the government payroll pig! People falling over each other in these places with no accountability or responsibility for what goes on.
On Turnquest defends VAT hike
Posted 1 June 2018, 4:40 a.m. Suggest removal
bcitizen says...
Exactly when the plp first gained power the Bahamas should have explored for more than just 1 term how it would manage with full internal self control rather than just jumping straight to independence. It might have not worked and then still could have then gone full independent but, we never really had a transition.
On 'Financial Council' will oversee gov't finances
Posted 15 May 2018, 3:49 a.m. Suggest removal
bcitizen says...
When the government talks about ease of doing business what they mean is "ease of the government doing business" they want the private sector to do all their work for them from collecting taxes to have to do and present every government document over and over again to every agency so they do not have to go through the trouble of looking something up. It's just all so ridiculous.
On Customs drops new demand following business pushback
Posted 11 May 2018, 7:04 a.m. Suggest removal