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88sins wrote:Redman wrote:pugboy wrote:the np gas station news proving to be a good diversion from the real issues
btw did he say anything about caribbean airlines ?
The NP move means that they have protected the wholesalers while leaving the retail market with the responsibility to absorb costs that the whole supply chain has passed on to them.
So we have one importer...Paria
2 wholesalers...NP and Unipet.
Both protected, with fixed margins
The margin compression will occur at the retail point.
Wait & watch. This is the how cartels start. All owners will come together to form an "association", and set pricing to add on at least 50%. How much allyuh want to bet super going up to at least $7/l by March?
Same people as the Gas station and Tesoro racket in the 1970sMG Man wrote:*waiting to see who gonna buy up all the NP stations, then systematically run the independents out of business and buy them too
MG Man wrote:*waiting to see who gonna buy up all the NP stations, then systematically run the independents out of business and buy them too
matr1x wrote:We have not anti trust laws. So this is going to be fun. Collusion an setting the price is waiting for us with a baseball bat
h1tach1 wrote:Can't they implement a policy where you can only own a fixed number of stations to discourage the monopoly? More owners would be better for the public.
j.o.e wrote:How many gas stations are OWNED by NP..... I’m thinking it can’t be much. Just a few of the larger ones.
Redman wrote:j.o.e wrote:How many gas stations are OWNED by NP..... I’m thinking it can’t be much. Just a few of the larger ones.
There are about 100 NP stations
Of which 35 are privately owned but have supply agreements with NP
65 are Company owned.
Redman wrote:
That makes little sense
As you know the price of fuel will be linked to global prices.
Retailers should come together and fix a margin.
De regulated markets are more competitive and efficient.
matr1x wrote:Anyone who lives in the states will tell you property taxes are a fat scam
pugboy wrote:that’s the ting, we are a micro market
regular market forces of supply and demand do not apply here so much
88sins wrote:Redman wrote:
That makes little sense
As you know the price of fuel will be linked to global prices.
Retailers should come together and fix a margin.
De regulated markets are more competitive and efficient.
Like you eh sure where you living or what?
When international wheat prices went up due to shortages brought on by drought, damn near every product made with flour went up, from the flour on the grocery sheles to doubles to crix to bread. Now ask yourself, did the prices of those items come back down when the price of wheat went back down? Same for KFC & chicken, & pretty much anything that has fluctuating prices on the international market that can affect local prooduction.
Now, deregulation CAN cause industry players to be more competitive, but only if they are forced to operate on the basis of every man for himself, that way there is no collusion, no cartel, no puppet master pulling the strings, and everyone trying to undercut everyone else's prices and grab market share or get their product moved, all bringing benefit to the consumer. This move does NOTHING to ensure that negative things don't take place.
They would easier and faster all come together and set margins with the intent to fatten their pockets, than try to outdo each other and risk not making money hand over fist
‘VAT on apples and grapes wrong’
The full 12.5 per cent value added tax (VAT) on a range of luxury foods like lobster, escargot and strawberries from January 1, 2021 as announced in the budget on Monday will encourage people to eat more local produce.
But supermarket owners are questioning what items are in the “wide range of imported luxury” foods and why apples and grapes fall into this category as outlined by Finance Minister Colm Imbert in his 2021 budget.
Supermarket Association president Rajiv Diptee yesterday commended the minister on the fiscal package he presented to Parliament.
He said there were several good measures that will help people, especially in Trinidad and Tobago’s current “austere” economy.
These include increasing the personal income tax exemption limit among other provisions which meant “our customers will have more income,” Diptee told the Express in a phone interview.
But others factors—such as the expected increase in the cost of diesel that comes with the removal of the fuel subsidy—will also drive transportation costs upward and force price increases for goods.
Full VAT on imported food is a signal to consume more local goods, Diptee suggested.
But it means that these goods—not just lobsters and smoked salmon but apples and grapes—would also rise in price at the supermarket counter.
“If there are taxes levied on these items, they will be more expensive,” Diptee said, adding that he did not feel that customers would be deprived of choice but will have to pay more from next year.
He questioned why apples and grapes could be on the list when there were other much more expensive items that could be targeted.
He said his association will wait to see what luxury foods appear on the final published list.
‘Formula for VAT needs to change’
Former president of the Supermarket Association, Balliram Maharaj, suggested there were other items that VAT should be removed from.
He told the Express: “I am a little disappointed that Minister Imbert said items such as lobster and all these sorts of things need VAT. Champagne already has VAT. He has to be very careful with the words he says. There is no need to add VAT to fresh apples and grapes either. They are going to change the whole formula on VAT. This is not how it’s done. If you want to bring in income and put heavier taxes on luxury items you shouldn’t use VAT. VAT is a penalty for lower and middle-income persons. They will now have no chance to claim it back. It is wrong. They should not do it.”
His suggestion was that Government look into adding a surcharge on these items, not VAT.
“Also, there are items in groups, such as salt, white sugar, peas and beans that they should remove the VAT from. They should remove the VAT on these basic items that people use. And you can use surcharge on items like lobster. To change the formula on VAT, you will have to change the law to suit that,” he said.
https://trinidadexpress.com/news/local/ ... cc402.html
Redress10 wrote:maj. tom wrote:So why don't they improve it then? What they waiting on to improve the bus service? It's been (2020 - 1962) years. What they waiting on?
What is the first thing they buy when they get into parliament or ministry? Ent is a tax free luxury vehicle? Why fix something that you wouldn't have to use?
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