Government Reports On First Month Of VAT

Friday, December 7, 2012

Anonymous said...: VAT
Unfortunately with an economy lagging as it has for the last 3 years or so. VAT simply is taking between 15% and 30% of the peoples money off the street.

Net result.

LESS SPENDING = LESS MONEY IN GOVERNMENT COFFERS.

Simple Math.; December 7, 2012 at 4:27 PM
Anonymous said...: It appears that the designers were way off the mark in terms of expanding the tax base.

Properly designed, the VAT was supposed to bring in more tax payers not just more dollars in taxes. But this may be just too subtle an argument for our very popular but sh t-talk media talkshow hosts to explain.; December 7, 2012 at 8:57 PM
Anonymous said...: i believe we still have to wait until the budget of 2013 and listen carefully if the tax base has increased and taxible incomes along with property tax and increased tax payers.. what concerns me more than the VAT is how will the cost of goods at the supermarket and furniture and appliances and general merchandising stores BE LIKE when cost of goods should iron out in reduced taxes as it is now with double taxation..SO FELLOW ST LUCIANS LETS WATCH CAREFULLY AROUND THE MONTH OF JULY , AUG , SEPT WILL BE LIKE ..thats when the old taxes should be eliminated ..and only the VAT is left supposedly..fingers crossed; December 8, 2012 at 1:52 PM