Easy to tell other people what to do with their wallet. There will no doubt be a slow down in economic activity after July 1st. This combined with the already slow season in September and October due to minimal tourist business will lead any prudent business person to be cautious and cut back more than normal. Most businesses that keep employees on during this time are just subsidizing their workers. For my business l am planning a 15 percent decrease in sales below normal in September and October. So the private sector worker suffers while the public service go on as normal wearing the emperor's new clothes.
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.
bcitizen says...
Easy to tell other people what to do with their wallet. There will no doubt be a slow down in economic activity after July 1st. This combined with the already slow season in September and October due to minimal tourist business will lead any prudent business person to be cautious and cut back more than normal. Most businesses that keep employees on during this time are just subsidizing their workers. For my business l am planning a 15 percent decrease in sales below normal in September and October. So the private sector worker suffers while the public service go on as normal wearing the emperor's new clothes.
On Small businesses urged: Delay lay-offs to October
Posted 26 June 2018, 8:51 p.m. Suggest removal
bcitizen says...
If VAT increase was not bad enough. This is just insane.
On Tax change threat to Out Islands' 'survival'
Posted 21 June 2018, 7:10 p.m. Suggest removal
bcitizen says...
Yeah new police cars. That will definitely reduce crime. VAT 18% here we come in 2 years. Tax and spend. What a waste
On Crackdown: More police and new cars after wave of violence
Posted 18 June 2018, 3:20 p.m. Suggest removal
bcitizen says...
Yep anything that Bahamians own is on the table. All they worry about is tourism and financial services which are mostly foreign owned industries.
On Manufacturers slam 'inaccuracy' on sector
Posted 12 June 2018, 7:22 a.m. Suggest removal
bcitizen says...
Easier to destroy what through propoganda you can make seem insignificant.
On Manufacturers slam 'inaccuracy' on sector
Posted 11 June 2018, 9:57 p.m. Suggest removal
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