T&T Budget 2020 is on October 5th

[viedcht]

same thing i said and remember what came after NAR touch apple and grapes and ban them. we suffer under that dotish tobagoian and we under a next tobagoian.

Shhh... Tobago getting less dineros

[redmanjp]

^yeah apparently apples & grapes are luxury items

[pugboy]

he talk about gaming commission but tbh
he talks about it every year for the past 5 so the 1% casino owners prob still laughing

[redmanjp]

he talk about gaming commission but tbh
he talks about it every year for the past 5 so the 1% casino owners prob still laughing

casinos open currently under covid regulations?

[Dohplaydat]

Some predictions based on pure speculation, obviously

MVT to raise
Vice tax - cigs and alcohol to raie
Gambling taxes to raise and hopefully they enforce it
Possibly a diesel increase
Possibly reduction of waivers on hybrids
possible increase to certain govt services, passport, license renewal etc

Guesses weren't bad

Good calls .
Shocking income tax decrease move though, but I ain't complaining

Nah that was the one good move, people need to spend in order to keep the economy alive. The 1% stores have to make money too.

[matr1x]

The budget is an unmitigated disaster. Stupid to the core.


If you are the 1%, safe to say you jizzed yourself

[pugboy]

no but they been coining since jesus was a little boy
even in manning days he talk about casino taxes.....

he talk about gaming commission but tbh
he talks about it every year for the past 5 so the 1% casino owners prob still laughing

casinos open currently under covid regulations?

[MaxPower]

The 1% is always a step ahead.

Always.

Doesnt really matter if Trinis like it or not.

You Trinis will bump allyuh gum today and support them tomorrow.....and the 1% knows this.

[88sins]

The average working class people are going to feel the squeeze come January.

[pugboy]

man ain’t even give a next something like more bulbs

[Dohplaydat]

The future PM has spoken

[sMASH]

Very naive for thinking that covid task force would yield results. Can't have someone so simplistic in that role. Other countries will play them for fools, no matter how bright u are.

[pugboy]

he is correct
eg
every year they talk about agriculture and food security in broad terms but no details
and guess what, nothing is done
just plain mammaguy

[zoom rader]

All them project cars gonna hold price...r34 s15 evo 3rd gen etc

Subsidies gone from gas = increases in every single thing you can think about

So as fast as they give....they taking back...similar to the NAR 1986 budget

Yup you spotted it well

To many young and dumb Turners on here

[zoom rader]

travel if ur poor. gas gone up, diesel gone up, vehicle price gone up,, cause roro will cant be that cheap again so new.

And the 1% new car dealers win out again.

We back to 1986

[zoom rader]

The average working class people are going to feel the squeeze come January.

They will still rush and vote for the red jackarse goverment

[88sins]

he is correct
eg
every year they talk about agriculture and food security in broad terms but no details
and guess what, nothing is done
just plain mammaguy

Fun fact for you.
Proposed increases in the penalties for praedial larceny by 200%. Guess what the funny thing is.
Throughout the history of agriculture in this place, if the farmer is robbed of his crops, even if the thief is apprehended, when the fines are imposed on the theif, guess who gets the money. I'll give you a hint, it ain't the farmers.
That not going to change.

That ass still yapping the usual yap about investing in agriculture. I go believe they serious about that when I see it.

[pugboy]

Oh, I see he say they increasing penalties for illegal quarrying too
As though they don’t know who the players are

he is correct
eg
every year they talk about agriculture and food security in broad terms but no details
and guess what, nothing is done
just plain mammaguy

Fun fact for you.
Proposed increases in the penalties for praedial larceny by 200%. Guess what the funny thing is.
Throughout the history of agriculture in this place, if the farmer is robbed of his crops, even if the thief is apprehended, when the fines are imposed on the theif, guess who gets the money. I'll give you a hint, it ain't the farmers.
That not going to change.

That ass still yapping the usual yap about investing in agriculture. I go believe they serious about that when I see it.

[screwbash]

The budget is an unmitigated disaster. Stupid to the core.


If you are the 1%, safe to say you jizzed yourself

safe an richer. most ah dem ministers and ex minister like vasant and tim are property developers, they buy acres and building houses and even imbutt have towers building and he give himself and he pally whals nice tax concessions of 20% or so. dem does see about they own yes. come after christmas we the poor go feel it, renters to feel it, business owners go suffer, gas wars go start between unipet and the new muduro run gas station and refinery, he hint at TTEC rate increase, if covid get worst taxi men go feel it more, this 2020 is another double zero year and double zero is snake eyes where everybody looses. leh we hope in 2021 we cud get a win yes.

• ↓VAT Waiver on imported construction material for approved building projects.

dem alone have the USD to import a whole house in containers and pay no vat an bigger profit.

[4kin4kar]

Why don't we give Tobago independence and use that money for something better? The have “tourism", the will survive. They will have to actually work and not be smoking weed whole day on the beach while being paid by the THA.... Our money because they don't generate any. Tobago is a bill just like the defence force. Enough time on their hands to play football all day and run sou sou.

[Redman]

the np gas station news proving to be a good diversion from the real issues

btw did he say anything about caribbean airlines ?

The NP move means that they have protected the wholesalers while leaving the retail market with the responsibility to absorb costs that the whole supply chain has passed on to them.


So we have one importer...Paria
2 wholesalers...NP and Unipet.
Both protected, with fixed margins

The margin compression will occur at the retail point.

[88sins]

the np gas station news proving to be a good diversion from the real issues

btw did he say anything about caribbean airlines ?

The NP move means that they have protected the wholesalers while leaving the retail market with the responsibility to absorb costs that the whole supply chain has passed on to them.


So we have one importer...Paria
2 wholesalers...NP and Unipet.
Both protected, with fixed margins

The margin compression will occur at the retail point.

Wait & watch. This is the how cartels start. All owners will come together to form an "association", and set pricing to add on at least 50%. How much allyuh want to bet super going up to at least $7/l by March?

[Dave]

Here's the push back.....they are now liable for more taxes to be paid. We all know how gas station owners love to cry taxes are too high and their margins are low.
I wait to see what really happens.

[Ben_spanna]

So what exemptions or tax breaks were car imports being given that would be removed from Jan2021???

[Dave]

It has been mentioned the hybrids and cng vehicles those previously mentioned to be exempt.
Roro quantities are also to be reduced.
Three year and newer can only be imported.

[16 cycles]

could it end up as a case of the retailers colluding to set their margins to the detriment of public?

[j.o.e]

could it end up as a case of the retailers colluding to set their margins to the detriment of public?

Trinis crab in bucket ..... a rogue element will undercut, Unipet might end up being the good guys.

[16 cycles]

retailers better be responsible - else could open the market to other retailers - maybe one day get shell V-power or Chevron's/VP 109 unleaded at the pump....

[Duane 3NE 2NR]

[88sins]

could it end up as a case of the retailers colluding to set their margins to the detriment of public?

The answer is yes, that may very well happen.

The real question is when it eventualy happens, what's going to be the outcome for the entire commuting public and the economy. As we all are aware, shifts in fuel costs equate to increases in travel and transportation costs, as well as a host of other aspects of daily life costs for the public.