This is typical of any politician in this country. When have you heard anything of substance from any of them. It's all just BS. Always so worried about who insulted them and how they deserve respect. Not one actual concrete solution for progress or change, for years now.
So, feeling I needed the facts, I took your advice and read the DNA's Economic plan. There is extremely little about actionable plans. Promote tourism and promote agriculture are not concrete solutions. This is on top of the fact that they have not revisted this Plan in years as they write that the national debt is only $4.1B (that was a few years ago).
The DNA's economic plan addresses a lot of obvious issues but does not offer more than a cursory look into ways to actual solve the problems. Lots of word, not a lot of substance.
Who cares what Wayne Monroe thinks. Why is Neil Hartnell always so interested in getting uninformed opinions for the cast of Nassau sleaziest people. Is there really no other news happening that we have to hear what Wayne Monroe or Frankie the Snake have to say about every little thing.
This is the exact same story from last year where they claimed unemployment went down after taking their survey right during the build up to Carnival. And as everyone predicted, as soon as Carnival was over, the rate shot right back up to where is was, and we will see that again with the numbers for next November.
A couple weeks of part time work is all that is shown by this report.
You have an error in how you calculate the business costs in the After VAT example.
The VAT on the importing and duty is initially paid by the business, but that is recouped when they collect the VAT on the final sale. VAT is a pass through tax. The final customer pays the total VAT cost. The business simply takes the total collected VAT, subtract the VAT paid by the business and pay the difference to the government.
If your markup is 33% then the $24 (cost plus duty) markup is $7.92 for a total of $31.92 and then the 7.5% VAT is applied to that price for $2.39 totaling $34.31.
The merchant made $7.92 the government now made $6.39 and the consumer saved $1.69
So the cost of good actually got lower and the revenues to both the business and government went down. If the price is still the same, then in this example, the store is actually using a higher markup.
How does this get published every week? She goes on and on like with the flow and points of a year 9 book report. She doesn't even come to a point anywhere in the article.
newcitizen says...
This is typical of any politician in this country. When have you heard anything of substance from any of them. It's all just BS. Always so worried about who insulted them and how they deserve respect. Not one actual concrete solution for progress or change, for years now.
On DNA: Loretta Butler-Turner has nothing to offer on economy
Posted 22 July 2016, 2:32 p.m. Suggest removal
newcitizen says...
So, feeling I needed the facts, I took your advice and read the DNA's Economic plan. There is extremely little about actionable plans. Promote tourism and promote agriculture are not concrete solutions. This is on top of the fact that they have not revisted this Plan in years as they write that the national debt is only $4.1B (that was a few years ago).
The DNA's economic plan addresses a lot of obvious issues but does not offer more than a cursory look into ways to actual solve the problems. Lots of word, not a lot of substance.
https://www.mydnaparty.org/issues/econo…
On DNA: Loretta Butler-Turner has nothing to offer on economy
Posted 22 July 2016, 2:29 p.m. Suggest removal
newcitizen says...
Who cares what Wayne Monroe thinks. Why is Neil Hartnell always so interested in getting uninformed opinions for the cast of Nassau sleaziest people. Is there really no other news happening that we have to hear what Wayne Monroe or Frankie the Snake have to say about every little thing.
On QC blasts Sarkis for ‘obstruction’
Posted 22 July 2016, 2:13 p.m. Suggest removal
newcitizen says...
This is the exact same story from last year where they claimed unemployment went down after taking their survey right during the build up to Carnival. And as everyone predicted, as soon as Carnival was over, the rate shot right back up to where is was, and we will see that again with the numbers for next November.
A couple weeks of part time work is all that is shown by this report.
On Carnival jobs helped with unemployment
Posted 22 July 2016, 2:10 p.m. Suggest removal
newcitizen says...
You are such a waste of air. Has trolling not grown old for you yet?
On VIDEO: ‘Bitten by bugs more than 300 times at resort’
Posted 17 July 2016, 6:56 p.m. Suggest removal
newcitizen says...
You have an error in how you calculate the business costs in the After VAT example.
The VAT on the importing and duty is initially paid by the business, but that is recouped when they collect the VAT on the final sale. VAT is a pass through tax. The final customer pays the total VAT cost. The business simply takes the total collected VAT, subtract the VAT paid by the business and pay the difference to the government.
If your markup is 33% then the $24 (cost plus duty) markup is $7.92 for a total of $31.92 and then the 7.5% VAT is applied to that price for $2.39 totaling $34.31.
The merchant made $7.92 the government now made $6.39 and the consumer saved $1.69
So the cost of good actually got lower and the revenues to both the business and government went down. If the price is still the same, then in this example, the store is actually using a higher markup.
On Price control proposal like ‘Gestapo tactics’
Posted 30 June 2016, 12:55 a.m. Suggest removal
newcitizen says...
Well said Tal
On BREAKING NEWS: Man shot dead at Wulff Road/Jerome Avenue Scotiabank cash machine
Posted 13 June 2016, 12:21 a.m. Suggest removal
newcitizen says...
That is a very bigoted statement
On Human rights group: Failed vote is a missed opportunity
Posted 12 June 2016, 11:24 a.m. Suggest removal
newcitizen says...
How does this get published every week? She goes on and on like with the flow and points of a year 9 book report. She doesn't even come to a point anywhere in the article.
On POLITICOLE: Sex and race equality - or inequality? That is the question
Posted 7 June 2016, 2:44 p.m. Suggest removal
newcitizen says...
I hope enough people read this!
On PRAYING FOR A YES VOTE
Posted 7 June 2016, 1:42 p.m. Suggest removal