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Property Tax in Trinidad & Tobago

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sMASH
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Re: Wait..WHAT!!! Property Tax is back?

Postby sMASH » June 5th, 2012, 6:45 am

i am not rich, but fair is fair, u can't just take something from someone and give it to some one who does not.

the property tax should be allowed, but modified to be simpler: make up different classes of land use. assign each class a number. the tax some one would pay for a property would be the total square area of that property multiplied by the number the property is classed in.
so, 5000 sq ft of residence in gasparillo would incur the same tax as 5000sq ft of residence in barataria.

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Re: Wait..WHAT!!! Property Tax is back?

Postby EXODUS » June 5th, 2012, 6:51 am

*$kїđž!™ wrote:he wants property tax to be implemented....take from the rich and give to the poor he says,,,,..

so rich ppl because of their hard work and efforts must pay because poor ppl too lazy to go get an education or find a good job.........right right right./



them laventillians, beethamites, morvantees, gonna jump upppp....

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Wait..WHAT!!! Property Tax is back?

Postby jm3 » June 5th, 2012, 7:34 am

Lol the world caters for charity for the lazy and useless.

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Re: Wait..WHAT!!! Property Tax is back?

Postby Bareback » June 5th, 2012, 7:38 am

All of these damn sh!t stains should be fired!!!!!!! We as ordinary citizens of T&T, namley non-unionized, get no royalties from our oil and gas and yet we have to suffer with more tax and debt burdens for the next 20 years thanks to CLICO, HCU, Union demands, corruption, PeeOn Dem, etc........? And for those who have not been around long enough, the union is one of the most corrupt organizations in this country.

And for those who want to rant, don't tell me about benefits that I don't qualify for because I am to far up the ladder or to educated or make to much money. I paid my flippin dues a long time ago without anyone's help. So if these burdens on society want more make the low life hoes work harder!

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Wait..WHAT!!! Property Tax is back?

Postby firstchoicett » June 5th, 2012, 7:38 am

Yep it's going to be implemented back again another promise on the manifest broken .

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Wait..WHAT!!! Property Tax is back?

Postby firstchoicett » June 5th, 2012, 7:42 am

geometron wrote:
*$kїđž!™ wrote:he wants property tax to be implemented....take from the rich and give to the poor he says,,,,..

so rich ppl because of their hard work and efforts must pay because poor ppl too lazy to go get an education or find a good job.........right right right./



them laventillians, beethamites, morvantees, gonna jump upppp....

what this will do the average people will get poor . :-(.

Best they say they building smelter plans too.

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Re: Wait..WHAT!!! Property Tax is back?

Postby pete » June 5th, 2012, 7:52 am

Rent will still go up if they put it back though. What he should be pushing for us for the HDC to start to give out houses so the number of people renting will fall creating a glut in the market to hopefully drive down rent and house prices.

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Re: Wait..WHAT!!! Property Tax is back?

Postby EXODUS » June 5th, 2012, 8:11 am

firstchoicett wrote:
geometron wrote:
*$kїđž!™ wrote:he wants property tax to be implemented....take from the rich and give to the poor he says,,,,..

so rich ppl because of their hard work and efforts must pay because poor ppl too lazy to go get an education or find a good job.........right right right./



them laventillians, beethamites, morvantees, gonna jump upppp....

what this will do the average people will get poor . :-(.

Best they say they building smelter plans too.


last time i chek, they dus draft plans...

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Re: Wait..WHAT!!! Property Tax is back?

Postby RIPEBREDFRUIT » June 5th, 2012, 10:58 am

WTF wrong with Watson Duke?
So He expects people who already own their house to pay taxes on it so that the PSA can get better salaries?

STEUPSSSSSSSSSSS!

Fooking PSA is probably the WORST performing bunch ah forking hyprocrites in this country................

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Re: Wait..WHAT!!! Property Tax is back?

Postby ronsin1 » June 5th, 2012, 11:17 am

RIPEBREDFRUIT wrote:WTF wrong with Watson Duke?
So He expects people who already own their house to pay taxes on it so that the PSA can get better salaries?

STEUPSSSSSSSSSSS!

Fooking PSA is probably the WORST performing bunch ah forking hyprocrites in this country................



Calm yuhself boy si co

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Re: Wait..WHAT!!! Property Tax is back?

Postby firstchoicett » June 5th, 2012, 11:27 am

geometron wrote:
firstchoicett wrote:
geometron wrote:
*$kїđž!™ wrote:he wants property tax to be implemented....take from the rich and give to the poor he says,,,,..

so rich ppl because of their hard work and efforts must pay because poor ppl too lazy to go get an education or find a good job.........right right right./



them laventillians, beethamites, morvantees, gonna jump upppp....

what this will do the average people will get poor . :-(.

Best they say they building smelter plants too.


last time i chek, they dus draft plan...


Plants I means

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Re: Wait..WHAT!!! Property Tax is back?

Postby RIPEBREDFRUIT » June 5th, 2012, 11:32 am

heres an idea, why dont we STOP giving beetham FREE rooves, and TV. and then pay the PSA with that?

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firstchoicett
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Wait..WHAT!!! Property Tax is back?

Postby firstchoicett » June 5th, 2012, 12:50 pm

RIPEBREDFRUIT wrote:heres an idea, why dont we STOP giving beetham FREE rooves, and TV. and then pay the PSA with that?

I say so too . But never going to happen .

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Re: Wait..WHAT!!! Property Tax is back?

Postby RIPEBREDFRUIT » June 5th, 2012, 2:44 pm

if the PSA was more proactive and Responsible then maybe they might actually take note of what BAD WORK ETHIC their OWN people have and start some form of accountability for a fair days work vs the pay they want to demand.

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firstchoicett
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Wait..WHAT!!! Property Tax is back?

Postby firstchoicett » June 5th, 2012, 2:51 pm

It's have some people who are PS and they really work hard you know . It have others who does play the ass . I even know someone who works IT for a big government organization and becz a family relative has a high post he got the job . The person does be selling old computer parts on this very forums and other forums.
Nobody can't say TT don't have money E. Williams said the country have money to give everyone a million in his days .
Now is who you know inside that getting you contracts .

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Re: Wait..WHAT!!! Property Tax is back?

Postby UML » June 5th, 2012, 8:28 pm

why is watson duke promoting the reintroduction of the property tax?,,,,is it that he is of the opinion that the majority of his members would not be affected......or.......would he use it as another reason/excuse to demand higher salaries?

:|

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Re: Wait..WHAT!!! Property Tax is back?

Postby *$kїđž!™ » June 5th, 2012, 8:59 pm

UML wrote:why is watson duke promoting the reintroduction of the property tax?,,,,is it that he is of the opinion that the majority of his members would not be affected......or.......would he use it as another reason/excuse to demand higher salaries?

:|


he wants "rich" people who own land to pay the taxes...which would be collected by the government and then used to pay the "poor" people salaries....

so is best not to own any land or property in trinidad...let the rich ppl buy land....pay tax and us poor people would collect........

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firstchoicett
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Wait..WHAT!!! Property Tax is back?

Postby firstchoicett » June 5th, 2012, 10:40 pm

Well what's d word when u living on gov land and waiting to get it ?

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Re: Wait..WHAT!!! Property Tax is back?

Postby CBharath » June 6th, 2012, 10:58 am

firstchoicett wrote:Well what's d word when u living on gov land and waiting to get it ?




freeness

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Re: Wait..WHAT!!! Property Tax is back?

Postby RIPEBREDFRUIT » June 6th, 2012, 11:56 am

this country love to encourage freeness, and you wonder why the poor people dont try to better themselves.

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firstchoicett
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Wait..WHAT!!! Property Tax is back?

Postby firstchoicett » June 6th, 2012, 1:04 pm

CBharath wrote:
firstchoicett wrote:Well what's d word when u living on gov land and waiting to get it ?




freeness

it have a next one starts with S.

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Re: Wait..WHAT!!! Property Tax is back?

Postby Strauss » June 8th, 2012, 9:05 am

pete wrote:Rent will still go up if they put it back though. What he should be pushing for us for the HDC to start to give out houses so the number of people renting will fall creating a glut in the market to hopefully drive down rent and house prices.


This is Trinidad.

Prices of land and houses don't fluctuate based on market forces like the rest of the world. They just keep going up and up.

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Re: Wait..WHAT!!! Property Tax is back?

Postby pete » June 8th, 2012, 6:52 pm

If the government released 10,000 houses onto the market, that's 10,000 families who now won't be renting, looking to buy a house etc. It's all about supply and demand. Remove the demand and all the people who want to sell houses that they bought for 4-500k and now want to sell for 900-1.2Mil will have to start to think about dropping the price to something realistic.

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Wait..WHAT!!! Property Tax is back?

Postby firstchoicett » June 9th, 2012, 8:34 am

^ agreed but I look at some of those house HDC build and the foundation not looking all that .

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Re: Wait..WHAT!!! Property Tax is back?

Postby *$kїđž!™ » July 15th, 2012, 3:06 am

http://www.trinidadexpress.com/news/TAX ... 92106.html


TAX MUST COME BACK
Howai: Lost property fees costing State revenue

By Carla Bridglal
Story Created: Jul 14, 2012 at 10:54 PM ECT
Story Updated: Jul 14, 2012 at 10:54 PM ECT
xRecently-appointed Finance Minister Larry Howai says a more efficient and equitable property tax has to be reintroduced in the country.
"We have to bring back that property tax. It is costing the Treasury money (in lost revenue) that could be used to develop the country. I do need for us to revisit that property tax and consider introducing something more efficient, effective and more equitable than proposed previously," Howai told the Sunday Express last Wednesday, during an interview at his eighth floor office in the Eric Williams Financial Complex, Port of Spain.
The previous stance taken by the People's Partnership Government during the lead-up to the 2010 general election was to campaign on an "Axe the Tax" platform.
That manifesto promised to repeal the Property Tax Act of 2009, legislative reform that would have essentially provided new paradigms upon which property would have been taxed.
The legislation was passed in December 2009 under the former People's National Movement (PNM) government.
The People's Partnership Government has not sought to enforce the current legislation and has instead indicated it plans to bring legislation repealing the Act, passed in December 2009, and to re-establish the property tax at the old pre-2009 rates.
Property tax has not been collected since January 2010.
Official figures show property taxes collected in 2007 amounted to $82 million.
"Property taxes exist virtually all over the world because if you own a property, there is a cost attached to it at the micro and macro level: garbage, sewage disposal and everything that goes with maintenance.
"Trinidad and Tobago has had land and building taxes for more than a hundred years; it's always been there, and nobody was 'axing the tax' prior to 2010. I think part of the problem was how the whole issue was communicated.
"By and large, most people expect they have to pay some kind of land and building taxes, but what they felt was the last legislation probably may have been a little bit heavy-handed, and so they rebelled against it," he said.
Howai is clear that his duty is to get Trinidad and Tobago's economy growing again, even if that means he'll have to take some tough decisions.
"It is certainly a tremendous responsibility to move the economy forward," he said,
Howai understands he has come into the job with great expectations. The business community welcomed his appointment as did former colleagues in the banking sector and, most recently, the outgoing governor of the Central Bank, Ewart Williams.
Howai acknowledges, however, that transforming the economy is certainly not an individual effort. It will also likely entail the population making some sacrifices.
"I think everyone agrees the problems are manifest and obvious. Where they might disagree is how much of a contribution they have to make to adjust to achieve where we want to be.
"It will take some measure of goodwill on the part of everyone; perhaps I need to start speaking in terms of a longer horizon, instead of just an annual budget, because if people think they have to give up something, but they understand they are not the only ones to (make that sacrifice), and it's done equitably, then people will be more likely to agree.
"They mightn't be happy, but at the end of the day, the aim is a more developed country where we can all live comfortably," he said.
To that end, the country should expect a cut-back on the prolific Government spending on transfers and subsidies—including the $4 billion fuel subsidy.
"Transfers have become a major issue for us. Those transfers include not just individual subsidies but also to State enterprises which may be inefficient. That is definitely an area we have to look at, but I can't look at it collectively; we have to break it down into its component parts and figure out how we are going to deal with it," he said, adding a statement will be made about both issues in the Budget.
He also noted that while Trinidad and Tobago does have a high social spending bill, "there are very good reasons why governments try to shelter people at the lowest end of the scale—those who are old, infirm, incapacitated and so on. Government needs to play a role in sheltering that part of the pop, so, yes, you have to give consideration to that".
Before entering the world of politics, Howai, who trained as an economist at the University of the West Indies (UWI), was a banker for 32 years, the last 15 of which were spent leading State-owned First Citizens.

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Re: Wait..WHAT!!! Property Tax is back?

Postby *$kїđž!™ » July 15th, 2012, 3:09 am

What a brilliant man.....Not taxing people is causing the state to lose revenue.....

Could this not be a brilliant statement.....In order to earn revenue we have to tax the masses.....

What brilliant thinking...Thats a real innovative idea.....

He sounding like a PNM.......

If this tax comes back then this govt has truly failed the people.....

Why the arse must I be taxed cause I work hard to earn a property>>>WTF!!!!!

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Re: Wait..WHAT!!! Property Tax is back?

Postby webb » July 15th, 2012, 6:56 am

This so called government don't have a clue this doesnt surprise me the truth offends they lied they knew that only a matter of time that this property tax will be coming but wait gas sub will be gone too hold on......... but hey what do i know this governmet STEUPSSSS

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Re: Wait..WHAT!!! Property Tax is back?

Postby shaneelal » July 15th, 2012, 6:56 am

To that end, the country should expect a cut-back on the prolific Government spending on transfers and subsidies—including the $4 billion fuel subsidy.


Brace for it, we can no longer live in a fantasy world.

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Re: Wait..WHAT!!! Property Tax is back?

Postby pete » July 15th, 2012, 7:36 am

Yeah.. I've been feeling that would happen this year. Was looking to buy a pickup but holding off til after the budget yes.

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Re: Wait..WHAT!!! Property Tax is back?

Postby christopherwilliams2 » July 15th, 2012, 7:41 am

What's the cost of a CNG kit again?

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