Budget 2021/2022

[Dizzy28]

Just increase VAT, to 20% easiest way to collect taxes from those who evade.

Whilst increasing taxes on those who already paying their fair share i.e the salaried middle income earners, unless you have a way to charge VAT only to those already avoiding taxes.

Wouldn't raising vat to such an excessive amount increase the prices of goods and services thus increasing the headline inflation rate more?

You assume Daran knows how VAT works

Fools, no taxing system is completely fair.

But given all the freaking black market money and tax evasion going on, increasing VAT is the easiest way to collect revenue. The problem with this lies in the tax gap, which increases....to idiots like yourselves this means the lower-income pays a higher proportion of their income in taxes. Something we want to avoid. However, VAT is generally a good tax as it's based on consumption.

You combat the inequality increase by lowering income tax (perhaps raising the untaxed bracket), allowing VAT claims (maybe up to $500) on those who make minimum wage etc, increasing the minimum wage, giving some more subsidies on benefits.

Fairness in taxing is a complex economic topic, however, it is always recommended that when you have issues collecting taxes, VAT is the easiest way to recoup those lost taxes.

Daran doubling down with his foolishness but callling ppl fools.

[hover11]

Just increase VAT, to 20% easiest way to collect taxes from those who evade.

Whilst increasing taxes on those who already paying their fair share i.e the salaried middle income earners, unless you have a way to charge VAT only to those already avoiding taxes.

Wouldn't raising vat to such an excessive amount increase the prices of goods and services thus increasing the headline inflation rate more?

You assume Daran knows how VAT works

Fools, no taxing system is completely fair.

But given all the freaking black market money and tax evasion going on, increasing VAT is the easiest way to collect revenue. The problem with this lies in the tax gap, which increases....to idiots like yourselves this means the lower-income pays a higher proportion of their income in taxes. Something we want to avoid. However, VAT is generally a good tax as it's based on consumption.

You combat the inequality increase by lowering income tax (perhaps raising the untaxed bracket), allowing VAT claims (maybe up to $500) on those who make minimum wage etc, increasing the minimum wage, giving some more subsidies on benefits.

Fairness in taxing is a complex economic topic, however, it is always recommended that when you have issues collecting taxes, VAT is the easiest way to recoup those lost taxes.

Daran doubling down with his foolishness but callling ppl fools.

Make it make sense

[VexXx Dogg]

There is a band. Over 1m pays 30% on the excess income over the mil.

there were tiered income tax bands in the 80's and 90's, no?

Doh bring back that sheit nah

So you fine it fair ,honestly, with the current structure ?

Forgot about that!
Because I nowhere near that category lmao.

Do you have the data on the old bands?

[Dizzy28]

There is a band. Over 1m pays 30% on the excess income over the mil.

there were tiered income tax bands in the 80's and 90's, no?

Doh bring back that sheit nah

So you fine it fair ,honestly, with the current structure ?

Forgot about that!
Because I nowhere near that category lmao.

Do you have the data on the old bands?

When I get some time I'm sure they around.

When I started working the income tax allowance was $25k/annum and I had to pay tax on my meagre $4,500/month (my third job actually). The first two was at $2k/month so I wasn't even reaching up to the $25,000 allowance.

[Penguin]

I honestly think VAT should go back up to 15% but stay zero rated on many essential items.

Lowering VAT to 12.5% was a foolish gimmick that Colm probably regrets everyday. I remember many economists saying so, even former PNM ministers like Mariano Brown and Karen Nunez-Tesheira had said so.

But bringing it to 20% is too high. I understand why DPD said it. But it's only practical if you drop OPT or Property Tax, or reducing income tax.

Another method of freaking over tax evaders is to discourage use of cash. But apparently banks need you to bring 2 dozen docs to get an account so there doesn't seem to be an incentive to stop tax evaders.

[VexXx Dogg]

I honestly think VAT should go back up to 15% but stay zero rated on many essential items.

Lowering VAT to 12.5% was a foolish gimmick that Colm probably regrets everyday. I remember many economists saying so, even former PNM ministers like Mariano Brown and Karen Nunez-Tesheira had said so.

But bringing it to 20% is too high. I understand why DPD said it. But it's only practical if you drop OPT or Property Tax, or reducing income tax.

Another method of freaking over tax evaders is to discourage use of cash. But apparently banks need you to bring 2 dozen docs to get an account so there doesn't seem to be an incentive to stop tax evaders.

Shadow economy pumping hard.

[zoom rader]

I honestly think VAT should go back up to 15% but stay zero rated on many essential items.

Lowering VAT to 12.5% was a foolish gimmick that Colm probably regrets everyday. I remember many economists saying so, even former PNM ministers like Mariano Brown and Karen Nunez-Tesheira had said so.

But bringing it to 20% is too high. I understand why DPD said it. But it's only practical if you drop OPT or Property Tax, or reducing income tax.

Another method of freaking over tax evaders is to discourage use of cash. But apparently banks need you to bring 2 dozen docs to get an account so there doesn't seem to be an incentive to stop tax evaders.

The largest tax evaders are the wealthy to the super wealthy.

Capital gains tax is were they evade their taxes . They have worth on paper and that grows daily. When they need cash they just convert some stock collect the cash and pay next to nothing in taxes.

These folk don't ever have to work.

[tarzan]

I honestly think VAT should go back up to 15% but stay zero rated on many essential items.

Lowering VAT to 12.5% was a foolish gimmick that Colm probably regrets everyday. I remember many economists saying so, even former PNM ministers like Mariano Brown and Karen Nunez-Tesheira had said so.

But bringing it to 20% is too high. I understand why DPD said it. But it's only practical if you drop OPT or Property Tax, or reducing income tax.

Another method of freaking over tax evaders is to discourage use of cash. But apparently banks need you to bring 2 dozen docs to get an account so there doesn't seem to be an incentive to stop tax evaders.

The largest tax evaders are the wealthy to the super wealthy.

Capital gains tax is were they evade their taxes . They have worth on paper and that grows daily. When they need cash they just convert some stock collect the cash and pay next to nothing in taxes.

These folk don't ever have to work.

only a handful of people locally can do this , in the us this method is more prominent

[zoom rader]

I honestly think VAT should go back up to 15% but stay zero rated on many essential items.

Lowering VAT to 12.5% was a foolish gimmick that Colm probably regrets everyday. I remember many economists saying so, even former PNM ministers like Mariano Brown and Karen Nunez-Tesheira had said so.

But bringing it to 20% is too high. I understand why DPD said it. But it's only practical if you drop OPT or Property Tax, or reducing income tax.

Another method of freaking over tax evaders is to discourage use of cash. But apparently banks need you to bring 2 dozen docs to get an account so there doesn't seem to be an incentive to stop tax evaders.

The largest tax evaders are the wealthy to the super wealthy.

Capital gains tax is were they evade their taxes . They have worth on paper and that grows daily. When they need cash they just convert some stock collect the cash and pay next to nothing in taxes.

These folk don't ever have to work.

only a handful of people locally can do this , in the us this method is more prominent

Nope don't be fooled

There are sizable chunk of people who fall in this group. They keep a very low profile. They just don't bling it up with cars , houses ext.

[hover11]

I honestly think VAT should go back up to 15% but stay zero rated on many essential items.

Lowering VAT to 12.5% was a foolish gimmick that Colm probably regrets everyday. I remember many economists saying so, even former PNM ministers like Mariano Brown and Karen Nunez-Tesheira had said so.

But bringing it to 20% is too high. I understand why DPD said it. But it's only practical if you drop OPT or Property Tax, or reducing income tax.

Another method of freaking over tax evaders is to discourage use of cash. But apparently banks need you to bring 2 dozen docs to get an account so there doesn't seem to be an incentive to stop tax evaders.

The largest tax evaders are the wealthy to the super wealthy.

Capital gains tax is were they evade their taxes . They have worth on paper and that grows daily. When they need cash they just convert some stock collect the cash and pay next to nothing in taxes.

These folk don't ever have to work.

only a handful of people locally can do this , in the us this method is more prominent

Nope don't be fooled

There are sizable chunk of people who fall in this group. They keep a very low profile. They just don't bling it up with cars , houses ext.

Zoom is speaking the truth in my line of work you meet various persons from different economic backgrounds....ppl who look like sufferers have and most of the time the ppl that LOOK well off New cars, dressing in the best struggling to make ends gotta love Trinidad

[Dohplaydat]

There's a guy who owns a decent-sized building near SAPA. I came to meet him to lease some office space and lock in a good rate before the construction was complete. The guy pull up in a old PBW Benz E-class, in short pants and sleeveless. Dude tell me, "Boy this building was cheap to build, it only cost me 30M to put down, you should see some of the other works I have planned. This is literally pocket change for me".

Got him talking and he said he leaving this building for one of he grandchild, he talked about a huge housing development he was making via Caribbean Homes, he talked about putting down multiple buildings in Guyana.

All the while, this man looking like a doubles man. Can't even remember he name, might have been Avinash something...

[Redress10]

There's a guy who owns a decent-sized building near SAPA. I came to meet him to lease some office space and lock in a good rate before the construction was complete. The guy pull up in a old PBW Benz E-class, in short pants and sleeveless. Dude tell me, "Boy this building was cheap to build, it only cost me 30M to put down, you should see some of the other works I have planned. This is literally pocket change for me".

Got him talking and he said he leaving this building for one of he grandchild, he talked about a huge housing development he was making via Caribbean Homes, he talked about putting down multiple buildings in Guyana.

All the while, this man looking like a doubles man. Can't even remember he name, might have been Avinash something...

If this is in fact a true story then you are being very irresponsible in releasing this amount of private information about somebody that you did business with on an open forum.

You already identify the building he owns, the car he drives, his investments and possibly even his name.

Need to be mindful that when people tell you things in business it's usually in confidence.

[SuperiorMan]

There's a guy who owns a decent-sized building near SAPA. I came to meet him to lease some office space and lock in a good rate before the construction was complete. The guy pull up in a old PBW Benz E-class, in short pants and sleeveless. Dude tell me, "Boy this building was cheap to build, it only cost me 30M to put down, you should see some of the other works I have planned. This is literally pocket change for me".

Got him talking and he said he leaving this building for one of he grandchild, he talked about a huge housing development he was making via Caribbean Homes, he talked about putting down multiple buildings in Guyana.

All the while, this man looking like a doubles man. Can't even remember he name, might have been Avinash something...

That is rich Indian. Some of the richest dress and look like that. You would never expect it.

[Dohplaydat]

There's a guy who owns a decent-sized building near SAPA. I came to meet him to lease some office space and lock in a good rate before the construction was complete. The guy pull up in a old PBW Benz E-class, in short pants and sleeveless. Dude tell me, "Boy this building was cheap to build, it only cost me 30M to put down, you should see some of the other works I have planned. This is literally pocket change for me".

Got him talking and he said he leaving this building for one of he grandchild, he talked about a huge housing development he was making via Caribbean Homes, he talked about putting down multiple buildings in Guyana.

All the while, this man looking like a doubles man. Can't even remember he name, might have been Avinash something...

If this is in fact a true story then you are being very irresponsible in releasing this amount of private information about somebody that you did business with on an open forum.

You already identify the building he owns, the car he drives, his investments and possibly even his name.

Need to be mindful that when people tell you things in business it's usually in confidence.

Noted, but this man like to talk and I ain't reveal any real details. But I'm sure some can infer who he is, truth is this was almost 10 years ago, I don't even know the guy still alive.

[sam1978]

It goes both ways. The man don’t know him from nowhere but boasting about all his investments . What was the need for that? Everybody probably know his business anyway with that kind of showing off.

[hover11]

Zoom this is a joke right, after 3 billion dollars Tobago still not satisfied. Na man what more they want or could it be tobagonians are finally fed up?

[zoom rader]

Zoom this is a joke right, after 3 billion dollars Tobago still not satisfied. Na man what more they want or could it be tobagonians are finally fed up?

FB_IMG_1633537397496.jpg

Tobago was programmed that way.

Don't be fool these people are promted to act this way. It's all game to increase money and make these ppl dependant.

It's the same story where the red government will stave or make sure something fails. Then they stage ppl to complain after they throw money at it and the money then goes to family and friends via contacts. Potholes and ferry are a perfect example.

Then every red government idiots clap and say the government doing a good job.

[The_Honourable]

Oh my...

Fmr. Finance Minister Karen Nunes-Tesheira takes Minister Allyson West and the current Administration to task over PPPs (Public Private Partnerships) and the lack of regulatory oversight…

[zoom rader]

Oh my...

Fmr. Finance Minister Karen Nunes-Tesheira takes Minister Allyson West and the current Administration to task over PPPs (Public Private Partnerships) and the lack of regulatory oversight…

She not important that's old red government stock.

This the new 1% stock

Manning was a little smarter to keep a distant away from 1%. If anything Manning was more pro black and Rowlee is nutting more but a house Negro

[timelapse]

Oh my...

Fmr. Finance Minister Karen Nunes-Tesheira takes Minister Allyson West and the current Administration to task over PPPs (Public Private Partnerships) and the lack of regulatory oversight…

She not important that's old red government stock.

This the new 1% stock

Manning was a little smarter to keep a distant away from 1%. If anything Manning was more pro black and Rowlee is nutting more but a house Negro

She was also accused of insider trading, but is red party, so that doesn't matter

[Redman]

Hands down she used her positions to pull funds outta CIB.

[MaxPower]

Not good enough?

Ok so what’s the next step?

What is the game plan?

Tobago nothing.

[hover11]

Not good enough?

Ok so what’s the next step?

What is the game plan?

Tobago nothing.

Max ,

Everyone knows red government needs tobago to win

[widdyphuck]

Tobago going back PNM.

[MaxPower]

Tobago going back PNM.

There you have it

[Les Bain]

They lie when they say we like it so.

We love it so.

[zoom rader]

Hands down she used her positions to pull funds outta CIB.

Why did you not say the same back then?

[zoom rader]

Not good enough?

Ok so what’s the next step?

What is the game plan?

Tobago nothing.

Tobago is red government Island to serve massa as waiters and chambermaids.

Habitarse 7 said its good progress for Tobago people

House Negros keeping field Negros at a distance.

Jah bless brother Malcom Shabazz

[hover11]

Not good enough?

Ok so what’s the next step?

What is the game plan?

Tobago nothing.

Tobago is red government Island to serve massa as waiters and chambermaids.

Habitarse 7 said its good progress for Tobago people

House Negros keeping field Negros at a distance.

Jah bless brother Malcom Shabazz

Tobago is a big modern day plantations?

[matr1x]

Tobago ppl only good for servitude. Keith and his beg of morons have been hiring in the public sector even though there is supposed to be a freeze.



But we hate our own. That why we tolerating venes breaching the borderd