Tuesday, October 16, 2012

TALKING VAT AND PRICE CONTROL

17 comments:

Anonymous said...

How real can you be,, a department of 2 or even 5 persons monitoring 500 businesses.

What a joke.

Anonymous said...

I have come to the conclusion the VAT is more like communism. You have no choice.

The misery has began, better days is here!

Anonymous said...

anonymous @ 7:22 am. The misery is all in your head and for sure better days are here. At the end of the 5 yrs, and things are more than better you will be saying the same thing . . . blinded by the miserable and "no focusing" UWP.

Remember, UWP would have implemented it if they had gotten in.

Anonymous said...

Yes, but Kenny had a choice to do it the right way-

Anonymous said...

Don't blame me, I voted UWP.

Anonymous said...

I don't care who anyone voted for. Our future is at stake. A whole lot of Caribbean territories are in financial jeapody because of mismanagement of their financial affairs. Some are selling land to forigners to pay debt, some have to borrow to pay their Civil Servants and the list goes on. Stop clowning and support the government's effort so that better days will come for all. Your kids' future is at stake

Anonymous said...

Balderdash! Have you ever heard so much nonsense in one place before?

Man, you up there are so-o-o-o intellectually dishonest!

Whenever did you ever hear an argument asking people to model their behaviour after a less than ‘best in class’?

You must be one of our beloved shysters! Trinidad?

You dare to ask people to look to Trinidad as an example to compare as their example of governance?

Trinidad is a classic example of serious financial jokers. CARIGONE …. Sorry CARICOM located the Caribbean Multilateral Clearing Facility in Trinidad. Result? The facility went bankrupt; the small businesses-people around the Caribbean found themselves – many of them --- in mental hospitals.

Trinidad's control of the state-run BWIA saw presided over a record of only being able to manage one or two quarters of profits. The carrier had to be restructured under a receivership-type process and renamed.

Trinidadians managed a financial institution named Trade Confirmers – a banking outfit in Barbados. Borrowing short and lending long, that too went bankrupt. The depositors lost their bank deposits; some on hearing the news saw their hair on their heads turning white overnight!

A Trinidad company bought Almonds Beach in Barbados. That business folded.

We all know that CLICO, the insurance company headquartered in Trinidad cost many clients their investments in that company. The policies taken with that company are now reduced to worthless pieces of paper!

Another Trinidadian financial purchase, Sam Lord’s Castle Resort located in Barbados, is now in financial ruin. The business is how shuttered!

Barbados once proud National Bank, now renamed Republic Bank, once a thriving business, has been experiencing losses in the past two years!

You still think that Saint Lucians should compare financial performance with this litany of financial failures in Trinidad?

Trinidadians are like our current PM, King Midas in reverse. Every major financial decision winds up with financial hardship.

Look at the financial blunders: Rochamel, Black Bay, the oil exploration deal, and now the VAT.
The PM would perhaps do very well in a ceremonious role like GG.

Robertina said...

Don't blame me I voted for a small party with a whole lot of heart called the LPM.

Anonymous said...

The main actors in this confounding VAT implementation exercise seem to be operating on the darn and disturbing assumption that the VAT is some kind of friggin' experiment!

Somehow they seem to miss the point that the VAT touches on the lives of very real people, who eat, who breathe and who bleed.

They stubbornly refuse to be counted as mere numbers or statistics.

That so much has been left to be corrected and amended long after the official day of the launching, that ALL THE ACTORS from the vey top to bottom, seem to require deep and very extensive lessons on the proper management of social and economic change.

In terms of public policy and public policy implementation, the VAT and its introduction qualify --and without equivocation -- as a shambles!

Anonymous said...

A whole lot of comments without substance . . . wait for the VAT smoke to clear and then comment.

Also, my main concern is "what will they utilize the VAT money for."

Anonymous said...

to buy you a new pair of shoes. One for you,one for Kenny, one for PIP.

Anonymous said...

Also, my main concern is "what will they utilize the VAT money for."
------------------
Question: Will you be able to identify the VAT's contribution to the Treasury apart from other sources of revenue intake?

Will the government allow that? Is this the kind of open government which backs its words with action. That is, doing the usual 'talking the talk', but NOT 'walking the talk'?

There is a huge gap -- in fact and in reality -- a canyon of difference between these two behaviours.

Yet, I am afraid, that if the PM is a product of the UWI, producing this low quality of work and management of a legal/econoomic change, and moreover, was a doctoral level lecturer at that institution, then the country would be much better off paying the cost of educating our tertiary-level students elsewhere.

Anonymous said...

I agree!

Anonymous said...

Why the hell does VAT look like a god damn experiment?

Anonymous said...

Anonymous @ 9.00am; things can’t be “MORE” better,rather, its either better or worst. You may be one of the fortunate few enjoying the better days, however, giving the impression that the majority of Saint Lucians are only feeling the misery in their heads is telling me that you are in a state of denial. Furthermore, the UWP would have implemented VAT only if the economic conditions were conducive to such a policy. Stop spewing what you are being fed by the neocons of what passes for media here.

Anonymous said...

Who is this Guy? He so much sounds like my great great grand father with his bloody accent and pronunciation.

Anonymous said...

everyone talking about VAT!! What about the civil servants? will their salaries increase??
Furthermore stimulus package??? how can you construct a house when your salary cant cover the mortgage???
Imagine a qualified civil servant with 2 degrees getting $3,000/ month .!!!! the bank will definitely reject this person.