So many people are blaming and calling out Hanna for the rebuilding and cost. This is focusing the spotlight on the wrong person. Mr Hanna screwed this whole thing up, but the real people to blame are those in the government and mostly Brave Davis. It was Davis who allowed the building to be built without insurance. It was Davis who awarded this contract that had no tender process. It is Mr Davis who now says the rebuild cost will be double. Hanna cut corners because Davis let him do so.
The full blame of this whole fiasco should rest on the shoulders of Brave Davis and the PLP government. If they had done their job of hiring a competent contractor and ensuring there was proper coverage on the building then there would be no problem. It is Davis and the PLP who are responsible.
John, that's not quite how VAT works. For example, the cars that were already on the lot that you are referring to paid no VAT at the port, while the new ones that come in will have VAT paid at customs. The VAT of the final sale will deduct the amount paid at the customs, but in the end will result in the same amount having been paid.
$30,000 at customs x 7.5% = $2250 $40,000 final sale x 7.5% = $3000
With inventory from before VAT at customs, the dealer pays $3000 in VAT.
With new inventory, the dealer pays $2250 in VAT to bring in the car, and then ($3000-$2250=$750) $750 is paid on the sale once they do their deductions. $3000 of VAT was still paid for that car, just in two separate payments. The same amount overall as the already imported inventory.
VAT is a pass through tax, so taking credits on it just means that it has already been paid. It doesn't mean that the credit money just disappears.
This is somewhat simplified, as their are other deductions and so on, but in the end it adds up to the same amount.
We need to start educating that youth about sex. They need to know about birth control options and they need to be informed about consequences of unprotected sex. This should be done in schools and at home.
The ignorance and bigotry that you and others profess here is so sad. For someone who holds the Bible in such high regard, perhaps you should read the sections on acceptance, on loving thy neighbor, on not judging lest ye be judged, on not casting the first stone, on forgiveness.
John, you are so far off one most of what you said.
Dead, junk cars do in fact have a value. Go to any scrap yard in the US and they will pay you good money for your non working car. They do this because there are lots of recyclable items in cars that add up to quite a bit of money.
Cars do not have a 15-25 year lifespan. They generally last for about 200,00 miles, but that is in a nice warm climate with mild winters and no salt air. Cars here corrode way before 25 years. As well as the fact that maintenance costs rise as a car gets older.
There is no such definition as a 'wreck' in the US. If a car is in a accident, the insurance company decides whether it will cost more money to fix or to buy out the car from the person. They then chose the option that will cost the least. It doesn't matter how bad an accident is, if the car is repaired and meets the current safety standards, then it can get a licence and be driven.
newcitizen says...
So many people are blaming and calling out Hanna for the rebuilding and cost. This is focusing the spotlight on the wrong person. Mr Hanna screwed this whole thing up, but the real people to blame are those in the government and mostly Brave Davis. It was Davis who allowed the building to be built without insurance. It was Davis who awarded this contract that had no tender process. It is Mr Davis who now says the rebuild cost will be double. Hanna cut corners because Davis let him do so.
The full blame of this whole fiasco should rest on the shoulders of Brave Davis and the PLP government. If they had done their job of hiring a competent contractor and ensuring there was proper coverage on the building then there would be no problem. It is Davis and the PLP who are responsible.
On Hanna won’t get BAMSI contract to rebuild dorm
Posted 12 June 2015, 8:25 a.m. Suggest removal
newcitizen says...
Birdie, you really don't have anything useful to contribute on this site.
On TOUGH CALL: A serious Wrinkle in the system
Posted 4 June 2015, 3:44 p.m. Suggest removal
newcitizen says...
Everytime one of these guys gets an 'idea', it seems to cost us more and more money. I'm going to support the party with the least amount of 'ideas'.
On Mitchell: PLP deserves second term in office
Posted 4 June 2015, 12:41 p.m. Suggest removal
newcitizen says...
This is why we can't have nice things
On Bran says: ‘No success in VAT’
Posted 4 June 2015, 11:50 a.m. Suggest removal
newcitizen says...
John, that's not quite how VAT works. For example, the cars that were already on the lot that you are referring to paid no VAT at the port, while the new ones that come in will have VAT paid at customs. The VAT of the final sale will deduct the amount paid at the customs, but in the end will result in the same amount having been paid.
$30,000 at customs x 7.5% = $2250
$40,000 final sale x 7.5% = $3000
With inventory from before VAT at customs, the dealer pays $3000 in VAT.
With new inventory, the dealer pays $2250 in VAT to bring in the car, and then ($3000-$2250=$750) $750 is paid on the sale once they do their deductions. $3000 of VAT was still paid for that car, just in two separate payments. The same amount overall as the already imported inventory.
VAT is a pass through tax, so taking credits on it just means that it has already been paid. It doesn't mean that the credit money just disappears.
This is somewhat simplified, as their are other deductions and so on, but in the end it adds up to the same amount.
On $2 billion Gov’t spend ‘doesn’t bode well’
Posted 4 June 2015, 11:36 a.m. Suggest removal
newcitizen says...
The funny part is that there is little to no piece of information in this country that would qualify as a matter of national security.
On Freedom of Information Bill does not fix flaws, says expert
Posted 2 June 2015, 3:44 p.m. Suggest removal
newcitizen says...
If that happened this place would be much better off. Leaving these corrupt politicians to run this place has nearly ruined it.
On Freedom of Information Bill does not fix flaws, says expert
Posted 2 June 2015, 3:42 p.m. Suggest removal
newcitizen says...
We need to start educating that youth about sex. They need to know about birth control options and they need to be informed about consequences of unprotected sex. This should be done in schools and at home.
On Turnquest: Budget will not help average Bahamians
Posted 2 June 2015, 11:38 a.m. Suggest removal
newcitizen says...
The ignorance and bigotry that you and others profess here is so sad. For someone who holds the Bible in such high regard, perhaps you should read the sections on acceptance, on loving thy neighbor, on not judging lest ye be judged, on not casting the first stone, on forgiveness.
On Ministry of Education says 'Don't play Charlie Charlie'
Posted 1 June 2015, 10:11 a.m. Suggest removal
newcitizen says...
John, you are so far off one most of what you said.
Dead, junk cars do in fact have a value. Go to any scrap yard in the US and they will pay you good money for your non working car. They do this because there are lots of recyclable items in cars that add up to quite a bit of money.
Cars do not have a 15-25 year lifespan. They generally last for about 200,00 miles, but that is in a nice warm climate with mild winters and no salt air. Cars here corrode way before 25 years. As well as the fact that maintenance costs rise as a car gets older.
There is no such definition as a 'wreck' in the US. If a car is in a accident, the insurance company decides whether it will cost more money to fix or to buy out the car from the person. They then chose the option that will cost the least. It doesn't matter how bad an accident is, if the car is repaired and meets the current safety standards, then it can get a licence and be driven.
On Duty rate on cars cut, but ban on vehicles over ten years old
Posted 29 May 2015, 11:32 a.m. Suggest removal