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sMASH wrote:death365 wrote:what i dont understand is why did they start with residential and not commercial/ industrial.
give the small man ah ease up
how can u get to live in a million dollar house selling pumpkin, bodi, doubles and chicken roti? they eying those since manning days.
Sunday Express investigations have revealed that Super Industrial Services (SIS), the construction firm that did extension works at Prime Minister Kamla Persad-Bissessar’s residence in Philippine, south Trinidad, in March, also worked on Jack’s TT$2 million house in Hillsborough, Mt St George, Tobago.
In a recent media statement, Jack told the country his home was built by CJ Construction, a company owned by his brother Curtis Jack.
In an exclusive interview with the Sunday Express earlier this month, Jack responded to questions about any SIS involvement in the construction of his home and if the Tobago house was a “gift” from a local contractor.
He denied this, saying he was not “hand-to-mouth” and was solely responsible for building his family a “nice” home.
He also disclosed that he was employed with a Trinidad firm, Phoenix Welding and Fabricating Ltd, one of four jobs he holds, which allowed him to fund his eight-room, two-storey home overlooking the sea, without having to take bank loans.
Internet checks revealed Phoenix is an associate company or subsidiary of SIS—which means Jack was indirectly associated with SIS.
Sunday Express investigations also revealed a construction company trading under the name Casa Contractors Ltd did in fact work on the private residence of the Tobago Organisation of the People (TOP) leader.
Jack is on record as saying CJ Construction, owned by his brother Curtis Jack, was responsible for building his home.
Casa Contractors shares the same trading address as SIS, at #23 Rivulet Road, Brechin Castle, Couva, according to documents received by the Sunday Express.
There is no listing of Casa on the Ministry of Legal Affairs’ Company Registry.
But when the Sunday Express called the number listed for Casa on a list of companies compiled by the National Insurance and Property Development Company Ltd (Nipdec) online, a security officer explained that Casa was a part of SIS.
It is public knowledge that SIS, a known financier of the ruling United National Congress (UNC), was the recipient of several lucrative contracts from the People’s Partnership Government, including the TT$45 million Siparia Market and TT$70 million Couva/Preysal Interchange which Prime Minister Kamla Persad-Bissessar officially opened earlier this year.
Informed sources told the Sunday Express that Casa Contractors joined CJ Construction during December 2010-2011 to complete the job on Jack’s house in Tobago.
One of the workers who worked on the residence, which includes a swimming pool, told the Sunday Express: “There were two contractors, CJ and SIS, who worked on this really massive house.”
He said two crews were operating at the same time.
Told that documents he provided to the Sunday Express made reference to Casa Contractors, and not SIS, the employee insisted that “they are one and the same”.
“The crew from SIS had about 18 to 20 workers and the other one from CJ Construction had about 13,” he disclosed.
The worker, who asked not to be named, said CJ workers were responsible for the basic, more labour-intensive aspects of the job, including bricklaying, while SIS’s crew did the finer aspects of the job, including the plastering and more refined wood and concrete works.
He described the house as oval-shaped and said the two master bedrooms were located upstairs while the other rooms were located on the ground floor.
He also confirmed the SIS-linked company did not advertise its presence by putting up a public sign as is usually the case of many construction firms, who use the opportunity to advertise their business while carrying out a job.
sMASH wrote:death365 wrote:what i dont understand is why did they start with residential and not commercial/ industrial.
give the small man ah ease up
how can u get to live in a million dollar house selling pumpkin, bodi, doubles and chicken roti? they eying those since manning days.
death365 wrote:what i dont understand is why did they start with residential and not commercial/ industrial.
give the small man ah ease up
Gladiator wrote:death365 wrote:what i dont understand is why did they start with residential and not commercial/ industrial.
give the small man ah ease up
I tell you I spoke to someone who knows a lady working MoF and she said that they pleaded with the Min of Finance to not go after residential but to start with rental complexes and commercial and he outright refused.... but when you have a sadist as a Minister of Finance what do you expect?
zoom rader wrote:These things need to be kept a secret, you cant explain to the red Goverment supporters on how to save money and run a side line bussiness selling bodi.sMASH wrote:death365 wrote:what i dont understand is why did they start with residential and not commercial/ industrial.
give the small man ah ease up
how can u get to live in a million dollar house selling pumpkin, bodi, doubles and chicken roti? they eying those since manning days.
The_Honourable wrote:Vasant carrying Prakash Ramadhar axe the tax torch...
The_Honourable wrote:Vasant carrying Prakash Ramadhar axe the tax torch...
Join me and say NO to Property Tax!
As our party, the United National Congress, celebrates its 32nd anniversary, I take but 1 minute to reflect.
To reflect on the years' long struggle towards the mud of the Aranjuez savannah, despite facing the storm of Oppression and Abuse , through this common purpose the UNC was born.
Our party has served the Nation, par excellence, providing many firsts. It is my hope that one day soon, through unity and harmony, our UNC can return to Government.
Until then, with the founding principles in my heart, I vow to continue to fight, against poor Governance and social oppressions such as the draconian Property Tax.
Source: https://www.facebook.com/vasantbharath0 ... 664752535/
Redman wrote:Dog whistle for days.
By number 2 s logic we should endeavor to earn less....cuz when you earn more you pay more tax.
Well it’s all tooze.
Vasant trying to go down market.....this should be interesting....
Dohplaydat wrote::mrgreen:Redman wrote:Dog whistle for days.
By number 2 s logic we should endeavor to earn less....cuz when you earn more you pay more tax.
Well it’s all tooze.
Vasant trying to go down market.....this should be interesting....
Wait wtf is point 5 true? 2 years upfront? That's 3k minimum for most home owners.
In a freaking recession where inflation will soon be 20% and unemployment rising?
That's seriously a Mugabe vindictive style tax. Wtf.
Anyone have an example of how they're estimating rental value?
Say a typical 3 bedroom, 2 bathroom home on a lot of land valued at 1.2M?
Dohplaydat wrote:In a freaking recession where inflation will soon be 20% and unemployment rising?
paid_influencer wrote:Dohplaydat wrote:In a freaking recession where inflation will soon be 20% and unemployment rising?
see this is the part where I disagree with Vasant. We will not have inflation. The demand for goods and services in the overall economy isn't there. The money to sustain higher prices in the economy isn't there. The higher cost of doing business will have to be absorbed.
To illustrate, there was on CNC3 an interview with the boss of one of the gas station companies. They asked him point blank if he believed the floating of fuel prices would result in inflation. The boss responded that several times in the past few years government raised fuel prices and inflation actually dropped.
And he's right - the inflation rate for 2017, 2018 and 2019 is tiny despite steep international price increases and domestic tax increases. Even doubles these days effectively dropping in price - the $2 and $3 doubles have big crowds and the $5 doubles man by me making his bara massive. The flour and channa costs going up globally, but to counteract the drop in demand the cost of the labor - the work of the doubles man - is being pushed into lower prices.
Yes, the cost of doing business is going up, but the real problem is the collapse of demand (both globally and locally). I think we might be on the road to seeing [url=https://en.wikipedia.org/wiki/Deflation]deflation[/url] happen as people increasingly keep money in the bank and stop engaging in business activities.
matr1x wrote:Let's cut the BS. The purpose of the tax is to plunder land. And pnm and their cronies have been dishonest
bluefete wrote:paid_influencer wrote:Dohplaydat wrote:In a freaking recession where inflation will soon be 20% and unemployment rising?
see this is the part where I disagree with Vasant. We will not have inflation. The demand for goods and services in the overall economy isn't there. The money to sustain higher prices in the economy isn't there. The higher cost of doing business will have to be absorbed.
To illustrate, there was on CNC3 an interview with the boss of one of the gas station companies. They asked him point blank if he believed the floating of fuel prices would result in inflation. The boss responded that several times in the past few years government raised fuel prices and inflation actually dropped.
And he's right - the inflation rate for 2017, 2018 and 2019 is tiny despite steep international price increases and domestic tax increases. Even doubles these days effectively dropping in price - the $2 and $3 doubles have big crowds and the $5 doubles man by me making his bara massive. The flour and channa costs going up globally, but to counteract the drop in demand the cost of the labor - the work of the doubles man - is being pushed into lower prices.
Yes, the cost of doing business is going up, but the real problem is the collapse of demand (both globally and locally). I think we might be on the road to seeing [url=https://en.wikipedia.org/wiki/Deflation]deflation[/url] happen as people increasingly keep money in the bank and stop engaging in business activities.
IIRC, Core inflation was 0.2% and headline inflation was 0.6% as at June 2020 according to Central Bank. I often wonder where these people shop to say that inflation is so low.
If deflation happens, crapaud smoke we pipe. I don't think we have ever faced a deflation.
paid_influencer wrote:Dohplaydat wrote:In a freaking recession where inflation will soon be 20% and unemployment rising?
see this is the part where I disagree with Vasant. We will not have inflation. The demand for goods and services in the overall economy isn't there. The money to sustain higher prices in the economy isn't there. The higher cost of doing business will have to be absorbed.
To illustrate, there was on CNC3 an interview with the boss of one of the gas station companies. They asked him point blank if he believed the floating of fuel prices would result in inflation. The boss responded that several times in the past few years government raised fuel prices and inflation actually dropped.
And he's right - the inflation rate for 2017, 2018 and 2019 is tiny despite steep international price increases and domestic tax increases. Even doubles these days effectively dropping in price - the $2 and $3 doubles have big crowds and the $5 doubles man by me making his bara massive. The flour and channa costs going up globally, but to counteract the drop in demand the cost of the labor - the work of the doubles man - is being pushed into lower prices.
Yes, the cost of doing business is going up, but the real problem is the collapse of demand (both globally and locally). I think we might be on the road to seeing deflation happen as people increasingly keep money in the bank and stop engaging in business activities.
Dohplaydat wrote::mrgreen:Redman wrote:Dog whistle for days.
By number 2 s logic we should endeavor to earn less....cuz when you earn more you pay more tax.
Well it’s all tooze.
Vasant trying to go down market.....this should be interesting....
Wait wtf is point 5 true? 2 years upfront? That's 3k minimum for most home owners.
In a freaking recession where inflation will soon be 20% and unemployment rising?
That's seriously a Mugabe vindictive style tax. Wtf.
Anyone have an example of how they're estimating rental value?
Say a typical 3 bedroom, 2 bathroom home on a lot of land valued at 1.2M?
ProtonPowder wrote:Dohplaydat wrote::mrgreen:Redman wrote:Dog whistle for days.
By number 2 s logic we should endeavor to earn less....cuz when you earn more you pay more tax.
Well it’s all tooze.
Vasant trying to go down market.....this should be interesting....
Wait wtf is point 5 true? 2 years upfront? That's 3k minimum for most home owners.
In a freaking recession where inflation will soon be 20% and unemployment rising?
That's seriously a Mugabe vindictive style tax. Wtf.
Anyone have an example of how they're estimating rental value?
Say a typical 3 bedroom, 2 bathroom home on a lot of land valued at 1.2M?
For land with a building on it they dont bother with the capital values
Is a fixed rate per square metre of the building based on the location and type of house. Multiply by size to get monthly rental value, then by 12 for ARV
I don't think the majority have a issue with the actual tax, it's what the tax being used for because it's supposed to be for fixing roads, garbage collection, water supply, etc like it is in first world. But that not gonna happenRedman wrote:Taxing your way out of a recession would contradict the 7000 per month tax free income.
This has been on the books for years....the UNC took the political action and even though recognizing the necessity had other motives.
It’s an efficient tax, and will go quite a way to the transparency that we need.
88sins wrote:paid_influencer wrote:Dohplaydat wrote:In a freaking recession where inflation will soon be 20% and unemployment rising?
see this is the part where I disagree with Vasant. We will not have inflation. The demand for goods and services in the overall economy isn't there. The money to sustain higher prices in the economy isn't there. The higher cost of doing business will have to be absorbed.
To illustrate, there was on CNC3 an interview with the boss of one of the gas station companies. They asked him point blank if he believed the floating of fuel prices would result in inflation. The boss responded that several times in the past few years government raised fuel prices and inflation actually dropped.
And he's right - the inflation rate for 2017, 2018 and 2019 is tiny despite steep international price increases and domestic tax increases. Even doubles these days effectively dropping in price - the $2 and $3 doubles have big crowds and the $5 doubles man by me making his bara massive. The flour and channa costs going up globally, but to counteract the drop in demand the cost of the labor - the work of the doubles man - is being pushed into lower prices.
Yes, the cost of doing business is going up, but the real problem is the collapse of demand (both globally and locally). I think we might be on the road to seeing deflation happen as people increasingly keep money in the bank and stop engaging in business activities.
Some people might see deflation a good thing, not understanding that it's not. But let's not get too hung up on the possible end results to the extent that we forget to understand the causation for those possible outcomes.
A lot of people are losing jobs in all sectors, and there's more than a little uncertainty in the air about where we stand both as a nation and individually. All this uncertainty is what drives people to save and cut back on spending and keep their money on hand or in banks, which in turn shrinks the economy little by little and reduces tax collections, putting the state in a deficit, so they then pressure the people with fines and penalties and taxes. Understand, the more people are taxed, the more likely they are to actively seek out methods of tax avoidance(legal or otherwise), and the more you tax people, the less they willing to spend. The less they spend, the less taxes you collect. It's a cycle but one that can be broken or directed if managed properly.
We need to take quite a few steps before we can see any positive movement that can lead to stabilization and growth of the economy. People need to save, we need to improve our forex earning opportunities and potential, and the state needs to learn to be more efficient with its resources so that the people aren't taxed into oblivion. We're at the beginning leg of a recession, and you can't tax your way out of a recession, that's been established.
Kronik wrote:I don't think the majority have a issue with the actual tax, it's what the tax being used for because it's supposed to be for fixing roads, garbage collection, water supply, etc like it is in first world. But that not gonna happenRedman wrote:Taxing your way out of a recession would contradict the 7000 per month tax free income.
This has been on the books for years....the UNC took the political action and even though recognizing the necessity had other motives.
It’s an efficient tax, and will go quite a way to the transparency that we need.
Tax is aimed at Injun folk.Redman wrote:Kronik wrote:I don't think the majority have a issue with the actual tax, it's what the tax being used for because it's supposed to be for fixing roads, garbage collection, water supply, etc like it is in first world. But that not gonna happenRedman wrote:Taxing your way out of a recession would contradict the 7000 per month tax free income.
This has been on the books for years....the UNC took the political action and even though recognizing the necessity had other motives.
It’s an efficient tax, and will go quite a way to the transparency that we need.
Sure.
But let’s not pretend that there are many that hiding cocoa from the sun
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