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Finance Minister Colm Imbert yesterday declared that he “may” have potential benefits as a result of two tax stipulations in the 2021 Budget.
He did so while piloting a Finance bill to provide for certain duties, taxes and fiscal measures in the 2021 Budget which begin on January 1.
On a measure to cut corporation tax from 20 per cent to 15 per cent regarding property development with projects completed before 2024, he said, “I may have a potential benefit in this and I declare my interest.”
He repeated this when he dealt with another measure to increase a concession to 30 per cent regarding wear and tear on plant and machinery.
Imbert was spotlighted in recent months as owning—with his wife—property development at 61-65 Picton Street, Newtown, Port-of-Spain. It involves luxury million-dollar apartments which will be sold.
On other budget measures, he said commercial vehicles will be exempted from motor vehicle taxes but private cars of certain engine sizes will still attract the tax. Imbert said this was to stem revenue leakage.
Over $1 billion was lost since there were vehicle tax exemptions in 2016, he pointed out. Some US$300 million in foreign exchange was lost due to purchase of 25,000 vehicles, including 20,000 private ones, he said.
Imbert said he was happy the personal income tax concession allowed over 100,000 people—including cops and public servants—who earn $7,000 and less to get an extra $250 monthly.
Imbert firmly declared Government expects recipients to spend the $3,000 they’d have annually on the local economy. He added this followed the principle of depression-era economist John Keynes, who advocated spending one’s way out of a depression. He warned of challenges in 2021, including commodity prices, energy production and supply chain disruptions.
UNC senator Wade Mark said the $3,000 extra some would get was “crumbs from the master’s table.” He called for Imbert to resign on the issues he’d declared interest in.
Mark said Imbert had a third interest which he didn’t declare. He said another Budget measure allowed first-time homeowners to avoid stamp duty and people buying apartments in Imbert’s building would save on stamp duty. Mark said if he’d formulated law like that, the People’s National Movement would “run me out of town!”
Mark fumed that the PNM was “an agent of big business” and only for “friends, family and financiers.”
He said taxes were being left on private vehicles while commercial vehicles were exempted, adding the UNC wouldn’t support the bill. He was warned by Senate President Christine Kangaloo several times about his decibel level and language when he complained of PNM “tomfoolery, trickery, robbery, tiefing!” —Gail Alexander
eliteauto wrote:"Congo Eliteauto", ah like it!!. Thanks Zoombindranath
toyota2nr wrote:Habit7 wrote:8000+ ppl come in the country, it is scandal that 1 is the AG’s son?
Did he apply for exemption?
Habit7 wrote:toyota2nr wrote:Habit7 wrote:8000+ ppl come in the country, it is scandal that 1 is the AG’s son?
Did he apply for exemption?
After his private application for exemption letter get leaked too, what next do you need to fuel your incredulity?
De Dragon wrote:Habit7 wrote:toyota2nr wrote:Habit7 wrote:8000+ ppl come in the country, it is scandal that 1 is the AG’s son?
Did he apply for exemption?
After his private application for exemption letter get leaked too, what next do you need to fuel your incredulity?
Isn't that application made to the MoNS? If there is a leak, they need to look inward, I mean the PM is currently flinging conspiracy theories around, but a "deep state" in MoNS?
The red Goverment PM daughter is not a student.Habit7 wrote:De Dragon wrote:Habit7 wrote:toyota2nr wrote:Habit7 wrote:8000+ ppl come in the country, it is scandal that 1 is the AG’s son?
Did he apply for exemption?
After his private application for exemption letter get leaked too, what next do you need to fuel your incredulity?
Isn't that application made to the MoNS? If there is a leak, they need to look inward, I mean the PM is currently flinging conspiracy theories around, but a "deep state" in MoNS?
Please read properly, nobody said that his application was leaked.
The Govt prioritised the return of students studying abroad. GG could have flown up to Ireland watch his son sweat football and come back. Padarath flew out before the lockdown and saunter back in messing up his EBC registration. But because the AG's son, a student, flies back from Ireland allyuh clutching yuh pearls?
Habit7 wrote:De Dragon wrote:Habit7 wrote:toyota2nr wrote:Habit7 wrote:8000+ ppl come in the country, it is scandal that 1 is the AG’s son?
Did he apply for exemption?
After his private application for exemption letter get leaked too, what next do you need to fuel your incredulity?
Isn't that application made to the MoNS? If there is a leak, they need to look inward, I mean the PM is currently flinging conspiracy theories around, but a "deep state" in MoNS?
Please read properly, nobody said that his application was leaked.
The Govt prioritised the return of students studying abroad. GG could have flown up to Ireland watch his son sweat football and come back. Padarath flew out before the lockdown and saunter back in messing up his EBC registration. But because the AG's son, a student, flies back from Ireland allyuh clutching yuh pearls?
Has nothing to do with the form.Redman wrote:So Zoombindranath,
What is the problem....the form filled out incorrectly?
Redman wrote:But ZR were they given any help....where you see that they were given preferential treatment
Who is TT Congo PM?
Redman wrote:Asking a question is defending?
I would have aproblem if they pushed him ahead of people in the queue.Is there evidence of this?
The young man is a citizen.Entitled to come home..same rights no more no less.
No need to get vex....we have enough of the useless blathering from Dragon.
You haven't answered the question on your 'TT Congo PM'
The criterias are very vague and lines in the hands of the red Goverment.Redman wrote:So you don't have any details
Have no info.
And youv launched the tirade none the less.
I don't appreciate the competition for the award.
Redman wrote:Are those the only criteria for exemption?
Stress, stranded or urgent business.
Link the criteria please.
Dizzy28 wrote:Redman wrote:Are those the only criteria for exemption?
Stress, stranded or urgent business.
Link the criteria please.
So Redman....are you going to pretend the form doesn't say time away is 2 months. Unless he lied on the form (a crime btw) his declaration implies that he had to receive an exemption to leave during the closure of borders as well as an exemption to get back in once he finished his 2 months?
This is quite different from someone who left in Feb or March and still trying to get back in as it also implies he jumped ahead of people in the queue.
zoom rader wrote:The criterias are very vague and lines in the hands of the red Goverment.Redman wrote:So you don't have any details
Have no info.
And youv launched the tirade none the less.
I don't appreciate the competition for the award.
They Pick and choose who they want by case by case basis depending on the Crisis.
Coming to TT to be with daddy for Xmas while being well taken care of in other countries is not a need .
You defending 5hit
If kams had done this you would have been to first to show the discrepancy
Dizzy28 wrote:Redman wrote:Are those the only criteria for exemption?
Stress, stranded or urgent business.
Link the criteria please.
So Redman....are you going to pretend the form doesn't say time away is 2 months. Unless he lied on the form (a crime btw) his declaration implies that he had to receive an exemption to leave during the closure of borders as well as an exemption to get back in once he finished his 2 months?
This is quite different from someone who left in Feb or March and still trying to get back in as it also implies he jumped ahead of people in the queue.
Habit7 wrote:You need to respond with cogent points, not name-calling.
How do you explain Rowley daughter?Habit7 wrote:Dizzy28 wrote:Redman wrote:Are those the only criteria for exemption?
Stress, stranded or urgent business.
Link the criteria please.
So Redman....are you going to pretend the form doesn't say time away is 2 months. Unless he lied on the form (a crime btw) his declaration implies that he had to receive an exemption to leave during the closure of borders as well as an exemption to get back in once he finished his 2 months?
This is quite different from someone who left in Feb or March and still trying to get back in as it also implies he jumped ahead of people in the queue.
He went in September, which could be the start of the semester and he returned when he needed to. Quite possible to continue online and do exams online. What is the scandal? Gary Griffith and his wife went to Ireland and returned too for an even shorter period, is that a scandal?
Young: Nationals free to leave TT
https://newsday.co.tt/2020/07/06/young- ... -leave-tt/
Rowley also said the criteria for granting exemptions to nationals who want to return home has not changed. "Applications are still considered on a case by case basis." Considerations for exemptions include when did the national apply to return; is the person elderly or has medical issues; are their families with small children seeking to return; are the applicants professionals or students and whether the application falls under government emergencies, exigencies or repatriation.
https://newsday.co.tt/2020/11/21/pm-pro ... tribution/
Redman wrote:Asking a question is defending?
I would have aproblem if they pushed him ahead of people in the queue.Is there evidence of this?
The young man is a citizen.Entitled to come home..same rights no more no less.
No need to get vex....we have enough of the useless blathering from Dragon.
You haven't answered the question on your 'TT Congo PM'
SEVERAL hundred nationals are expected to return home for Christmas, as part of a series of repatriation exercises.
Acting Principal Medical Officer in charge of institutions Dr Maryam Abdool-Richards said yesterday three repatriation flights are expected within the next five to six days.
One group of about 132 returning nationals was expected by 8 p.m. yesterday from New York, Abdool-Richards said during the Ministry of Health’s virtual press conference on Covid-19.
Another group of 132 people is expected from Barbados on December 18 and flights are expected from Miami and Canada in the coming days.
She reminded that repatriation exercises were dependent on the ability of the parallel healthcare system to host returning nationals either in quarantine or in hospital care if a person is found to be Covid-19 positive.
“The repatriation of returning nationals from high- and medium-risk countries, as per the Ministry of Health’s policy, is dependent on the availability of spaces in the State and State-supervised quarantine facilities,” Abdool-Richards said.
She noted that of 15 new positive cases reported on Tuesday, seven people were returning nationals.
Facilities coping
State quarantine facilities are currently at 75 per cent capacity, Abdool-Richards said.
There are now 13 State and State-supervised quarantine facilities in operation, she said, adding: “These repatriation exercises are timed on the availability of these facilities, which is dependent on several factors and not just the availability of occupancies. We have to take into consideration if there are positive Covid-19 cases, which would affect the sanitisation and decontamination of the facility. Also, there has to be an airing out period for that room or area for two weeks, as per (World Health Organization) guidelines.”
Two facilities are reserved for high-risk groups and those unable to self-isolate, Abdool-Richards said, disclosing that a cohort of deportees had arrived from the US requiring additional security. Repatriated nationals from high-risk territories like the US are required to quarantine for six days in State or State-supervised facilities, to be followed by a polymerase chain reaction (PCR) test on the sixth day.
The returnee must then isolate at home for seven days, under State supervision.
Abdool-Richards also confirmed that Government has not yet ordered a Covid-19 vaccine and local authorities continue to monitor for certification by the WHO.
Trinidad and Tobago maintains close contact with the WHO and the Pan American Health Organization (PAHO) for this purpose.
“The Ministry of Health will be guided by the WHO for the selection of a vaccine,” she said, adding that Government on Tuesday signed an agreement with PAHO for distribution of a vaccine by the Ministry.
She addressed reports of a mutated strain of the coronavirus coming out of the United Kingdom and said this was unlikely to impact the efficacy of a vaccine.
She said the Ministry was awaiting the Caribbean Public Health Agency’s pronouncement on if a mutation occurred.
Jack arseeliteauto wrote:https://trinidadexpress.com/newsextra/hundreds-coming-home-for-christmas/article_82707956-406a-11eb-b7ef-9bcee65e8496.htmlSEVERAL hundred nationals are expected to return home for Christmas, as part of a series of repatriation exercises.
Acting Principal Medical Officer in charge of institutions Dr Maryam Abdool-Richards said yesterday three repatriation flights are expected within the next five to six days.
One group of about 132 returning nationals was expected by 8 p.m. yesterday from New York, Abdool-Richards said during the Ministry of Health’s virtual press conference on Covid-19.
Another group of 132 people is expected from Barbados on December 18 and flights are expected from Miami and Canada in the coming days.
She reminded that repatriation exercises were dependent on the ability of the parallel healthcare system to host returning nationals either in quarantine or in hospital care if a person is found to be Covid-19 positive.
“The repatriation of returning nationals from high- and medium-risk countries, as per the Ministry of Health’s policy, is dependent on the availability of spaces in the State and State-supervised quarantine facilities,” Abdool-Richards said.
She noted that of 15 new positive cases reported on Tuesday, seven people were returning nationals.
Facilities coping
State quarantine facilities are currently at 75 per cent capacity, Abdool-Richards said.
There are now 13 State and State-supervised quarantine facilities in operation, she said, adding: “These repatriation exercises are timed on the availability of these facilities, which is dependent on several factors and not just the availability of occupancies. We have to take into consideration if there are positive Covid-19 cases, which would affect the sanitisation and decontamination of the facility. Also, there has to be an airing out period for that room or area for two weeks, as per (World Health Organization) guidelines.”
Two facilities are reserved for high-risk groups and those unable to self-isolate, Abdool-Richards said, disclosing that a cohort of deportees had arrived from the US requiring additional security. Repatriated nationals from high-risk territories like the US are required to quarantine for six days in State or State-supervised facilities, to be followed by a polymerase chain reaction (PCR) test on the sixth day.
The returnee must then isolate at home for seven days, under State supervision.
Abdool-Richards also confirmed that Government has not yet ordered a Covid-19 vaccine and local authorities continue to monitor for certification by the WHO.
Trinidad and Tobago maintains close contact with the WHO and the Pan American Health Organization (PAHO) for this purpose.
“The Ministry of Health will be guided by the WHO for the selection of a vaccine,” she said, adding that Government on Tuesday signed an agreement with PAHO for distribution of a vaccine by the Ministry.
She addressed reports of a mutated strain of the coronavirus coming out of the United Kingdom and said this was unlikely to impact the efficacy of a vaccine.
She said the Ministry was awaiting the Caribbean Public Health Agency’s pronouncement on if a mutation occurred.
All these people coming in are a mix of UNC people that WE didn't want here for elections and PNM people who jumped the line.
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