So they announce the increase taxes last week and in less than a week a "study" was done to determine that "2000" jobs will be lost? What kind of hatchet job study could produce that info so quickly. Base on the 10 years expert info the gov will only collect $35mil dollars on a $400mil a year industry, less than 10 percent,what is he complaining about. These clowns really think we are all fools.
This is a bit misleading.The businesses should only increase prices by 4.5% because they do not pat vat. They will just be collecting more money for the government.
He / she is the only person who truly understands what is happening in the country. jamani2 I applaud you for your sound reasoning. The chicken has come home to roost. Bahamians are just use to these one year budgets that uses smoke and mirrors to mask the depth of our financial situation. At least this gov has a well laid out three year plan to stabilize our country. KPT is the only minister in the past many years who has really told us the real truth about our financial status. He should be applauded.
Sheeprunner12. It's unfortunate our people don't educate themselves , therefore people like mudda will be seen as the smart ones. It's no secret that vat was going to be raised. Brave them were planning on raising it to 15% had they won. I just hope we soon get around to eliminating all duties. Our problem is not that we are over taxed,but we have governments that waste it.
realfreethinker says...
TheMadHatter, it is my understanding that a fiscal responsibility act will be brought to parliament to address this issue. I hope it does come to pass
On $2.5bn in VAT income – yet debt went up
Posted 11 June 2018, 3:31 p.m. Suggest removal
realfreethinker says...
birdie,are you okay?
On 70 percent against tax rise in survey
Posted 11 June 2018, 3:19 p.m. Suggest removal
realfreethinker says...
So they announce the increase taxes last week and in less than a week a "study" was done to determine that "2000" jobs will be lost? What kind of hatchet job study could produce that info so quickly. Base on the 10 years expert info the gov will only collect $35mil dollars on a $400mil a year industry, less than 10 percent,what is he complaining about. These clowns really think we are all fools.
On Web shop industry: 2,000 jobs will be lost due to tax hikes
Posted 7 June 2018, 11:27 a.m. Suggest removal
realfreethinker says...
This is a bit misleading.The businesses should only increase prices by 4.5% because they do not pat vat. They will just be collecting more money for the government.
On 12% - now the backlash
Posted 4 June 2018, 1:42 p.m. Suggest removal
realfreethinker says...
At least there is another one here that gets it.
On Turnquest defends VAT hike
Posted 2 June 2018, 2:37 p.m. Suggest removal
realfreethinker says...
He / she is the only person who truly understands what is happening in the country. jamani2 I applaud you for your sound reasoning. The chicken has come home to roost. Bahamians are just use to these one year budgets that uses smoke and mirrors to mask the depth of our financial situation. At least this gov has a well laid out three year plan to stabilize our country. KPT is the only minister in the past many years who has really told us the real truth about our financial status. He should be applauded.
On Turnquest defends VAT hike
Posted 2 June 2018, 2:35 p.m. Suggest removal
realfreethinker says...
well mudda you are a very angry and bitter person.
On Labour Day tragedy: PM plans to meet with victims’ families
Posted 2 June 2018, 2:21 p.m. Suggest removal
realfreethinker says...
Sheeprunner12. It's unfortunate our people don't educate themselves , therefore people like mudda will be seen as the smart ones. It's no secret that vat was going to be raised. Brave them were planning on raising it to 15% had they won. I just hope we soon get around to eliminating all duties. Our problem is not that we are over taxed,but we have governments that waste it.
On BUDGET: VAT to rise from 7.5 percent to 12 percent
Posted 30 May 2018, 2:32 p.m. Suggest removal
realfreethinker says...
Hahahahahaha. I needed a good laugh
On PLP warns of Budget VAT hike and taxes
Posted 29 May 2018, 8:20 a.m. Suggest removal
realfreethinker says...
The Pastor was a little dramatic. he wanted his 15 minutes of fame.It was obviously not a big deal
On UPDATED: Bahamasair near miss confirmed
Posted 25 May 2018, 4:16 p.m. Suggest removal