Submitted by Old Onions Bag
Chris Sinckler, the embattled Minister of Finance

“the quality of mercy wanes”

Exactly what is hoped to be achieved by these draconian tax measures? It is about time gurus in the Finance Ministry wake up and see the results of their  ploy. Can Barbados ever be able to recover given the prevailing circumstances and no projected new revenue inflows? Why what then is hoped to be achieved by these continued, less than auspicious ‘undertaken’ methods…. a quick death for some especially the poor, old and degenerate?

A stage now has been set for pensioners and the aged to falter, that is, if the pseudo drugs don’t take them first. There is seemingly no reprieve for them who lodged all their survival savings in CLICO or  BAICO, now that they have both gone belly up. Whatever happened to all the talk of assistance in the form of a structured payment program to assist these aged? Why how much more time do they have ? We are soon moving into the third year since the CLICO debacle.  Some Barbadian families have no recourse but to support themselves and the elderly from saving, that are hitting bottom fast. Yet some continues on this path of high intake thru taxes, with no consideration for the plight levied on the back of citizen Joe…Gran dad in the one hand…Jenny and Jane graduates with no employment in the other. How do they expect poor Joe to cope?

It is a well known fact that high taxes in a time of recession will retard further what little growth an economy may have mustered….Why then the 2.5 % increase in VAT tax in 2011? We were told THEN what we are occasioning NOW,… would come to being, yet  we went ahead. Now the situation is worse. Unemployment has increased from 9% to 11.8% in less than a year and the economy has slowed down even further? What now?Shall they then attempt to remove the VAT in an all out effort to revive the economy or increase it further to 20% ? Why tell us economic gurus at MOF, as your postulates of past, at most, have been most difficult to fathom.

154 responses to “Is Barbados An Overly Taxed Economy Or Not?”


  1. ac,
    I think you may have hit on an attitude that says outsiders can only come in as exploiters in collusion with government which means you think there is nothing to be gained in the relationship and I am sure you have ample experience of that fact. A testimony to the kind of relationships you have seen.
    There are many examples elsewhere where that is not the case. When companies move into the UK, Ireland and other places they export products that pay local wages, gas, electricity, other services and enhance the skills of the local workforce all at the same time. If the operation is a success they expand premises and take on more staff, more local services are used.

    Some of the workforce will see opportunities to start their own companies to supply those companies with products they no longer have to import — you see how things are growing?

    You have a computer with almost certainly parts of it made in Singapore.
    They don’t sell their people to the highest bidder. They innovate, develop and market their own products also.
    With outside corporations setting up research centres in Singapore I am sure they are also gaining from the advanced research they undertake on behalf of their outside employers, they can also make use of what they discover to start competitive undertakings.

    As a Jamaican friend says, one hand has to wash the other.
    Look at this way, Arthur and Co. and successors have sold out much of Barbados to foreigners and gained nothing tangible.

    Singapore has branched out, it owns and runs a world class airline. They develop and use their own super computers.
    They also own the Australian Stock Exchange and much more at home and overseas. Back in the 1980’s when the Gough Whitlam government of Australia were in financial straights they turned to Singapore for help.

    Their schools develop and sell software to schools in the rest of the English speaking world.

    They don’t take on overseas relationships as lackeys or underdogs, they have economic and intellectual muscle and the world recognises it.


  2. It is true that in this matter like any other extreme positions can be drawn which are negative.


  3. @ole onion bags “Gran dad in the one hand…Jenny and Jane graduates with no employment in the other. How do they expect poor [Jane} Joe to cope?

    I inserted Jane, because it is Bajan women who look after the social and financial needs of the elderly, and it is Bajan men who levy the high, high taxes. Lotta, lotta Bajan children would never go to school at all were it not for their mothers.


  4. What extreme positions David? This is a clear case of two children from colonial parents. One with strict and disciplined parents insisted on hard work and self reliance, while the other took the path of leisure and ease – exploiting the attracttiveness of their youth to entice rich admirers….eventually having to sell their very land and assets to buy food….
    It was quite predictable where they would end up 50 years down the road…..

    The fact that we still have the prevalent mendicant attitude (such as Onions’ who seem to think that persons are owed a living) tells of the total failure of any attempts at EDUCATION. Academics maybe! Schooling perhaps! … But EDUCATION?!?! Bushie thinks not!


  5. look sid i am not against foreign investors entering a country and contributing to the development and employment of the country what has happen too often is the workforce becomes exploited more often than not and a weak knead govt sits by and says or does nothing apparantly this is the case in singapore as we speak unfortunately the levelof dissent by its people is being shut down because of the govt stronghold on its citizens right and its ability to supress information by the press.


  6. @Bush Tea

    The extreme position comment refers to the videos posted. It is easy to cherrypick the worse of anything.


  7. $26, 659.00 paid in income tax last year,Plus $674 in property tax, Plus $4,957 in National Insurance, Plus 17% VAT on almost everything, estimated VAT paid $1,200.00

    TOTAL: $33,500

    Like hell yes we are overtaxed!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

    I don’t feel that I should have to hand over 1/3 of my income in various taxes to the government and then struggle with whatever is left, to pay for a house, support myself, my children and contribute to the support of my elders.

    Something isn’t right when citizens are so overtaxed. And no I don’t want the government to bail out those who “invested” in CLICO. The rumour was around long, long ago that CLICO was a Ponzi. As long as the CLICO principals continue to live in luxury, Not one red cent of my tax money.

    If the government has money to give away, then give me a tax ease.

    I deserve it.


  8. chery pick what that is reality ! we always quick to close our eyes to the evildoers of this world while they kick the undeserving their asses. cherry pick what. people are crying out for help that is the only way there voices would be heard and some of us would rather remain silent or just ignore.


  9. @ac What we have been discussing all day is to look at the favourable characteristics of an economy which continues to fire in adverse conditions. It is easy to dismiss anything because of obvious imperfections.


  10. iam not dismissing anything just pointing out the other side one that you would obviously like to avoid one side does not make a coin.it is obvious that singapore had to give up something or somethings for progress but in the long ran was it all worth it only time would tell.


  11. We are discussing ideas and best practices from a system that works. Hopefully those in a position to formulate policy who read the exchanges here can glean a bit of ‘wisdom’ from the echanges.


  12. Ok David! Understood.
    ….It take all kinds to constitute our world, and some choose to concentrate on the small things.

    In the best of circumstances there is sometimes poverty or other difficult human conditions.

    The truth is that by most global standards, Bajans are lucky and blessed with our standard of living. ( confirmed by their position on the development index)
    Where we score very poorly is in “pride and industry”, ‘self reliance’ and “independence of mind”.
    We are…
    -Willing to sell votes for a hundred dollars (what principle what?!?)
    -Always looking for an underhand deal
    -Complaining about paying taxes – while enjoying the benefits
    -Never willing to volunteer time and service to others.
    -Selling off, rather than building up, national assets
    Lack of maintenance of our existing assets…

    What overtaxed what?!
    The level of taxes that we endure is DIRECTLY related to our mendicant attitudes of wanting the politicians to do everything on our behalf…. Housing, medical, transport, school clothes and books, camps, cleaning our communities, etc .Etc etc

    Now we have to pay for all these service, …. PLUS for the the politicians, for the public servants, for the bribes, for the consultants, and for the Ponzi schemes along the way.

    The REAL joke is that even those who have it all, (and those who pay little or no taxes), are unhappy and unfulfilled in life….and complaining about something else (such as how to get back their CLICO funds or how to keep greedy kin at bay from their savings)

    …perhaps we are being shown that these things are really neither here or there in the scheme of things, and that there are some MUCH more important things to be concerned with in life…
    …but such issues are not the sort that attracts the attention of Onions…


  13. @Bush Tea
    What shittin Bull what?!
    Old rotten Onions by any name smells the very same
    *****
    I suspected as much, not for the first time “Sitting Bull” was bullshittin some of us and he was the first to comment on his own submission.


  14. Everything that everyone writes about Singapore is true to some degree; the citizens are hardworking; educated; disciplined etc., but no one looks at the elephant in the house or in keeping with the some of the wild life in the area the Komodo Dragon in the room.

    Look closely at a map of the area and you will see that the largest country and the most populous country which borders Singapore is Indonesia. I am not going to bore anyone with statistics about Indonesia but it is the world’s fourth most populous country and is abundant in resources e.g. copper,gold,oil,and natural gas. With all these resources the country is labelled as a “poor’ country, why? The Gov’t is nominally a democracy but it was ruled for years by the dictator Suharto and corruption was rampant.

    Successive Gov’ts have not been able to reverse the effects of the dictatorship and things may have gotten worse and corruption is endemic. In addition it has been beset with ethnic and religioustensions which have led to military conflict the most recent has been the conflict in East Timor.

    So who reaps the benefits of all these resources when the Indonesians can’t get their act together? Apart from Indonesian politicians look across the water and the Singaporeans are smiling as all the major Industrial conglomerates set up shop in Singapore to manage their Indonesian assets. In fact Singapore keeps adding to its territory by reclaiming land from the ocean which is filled with sand which it imports from Indonesia ( Singapore is the world’s largest importer of sand) to support the skyscrapers that dot the Singapore horizon.

    Indonesia’s malaise is Singapore’s gain, if Indonesia could live up to half of its potential by successfully managing its resources things may well be different for Singapore.


  15. …YES YES two other peculiar stance, but not the only loose screws about nowadays.We all cannot think alike, good thing on coming elections will silence you too… The book American Psycho really leaves you wondering a little bit about Bret Easton Ellis’ sanity. Many people are probably familiar with the movie starring Christian Bale, but the movie pales in comparison to the book when it comes to levels of depraved insanity. Bet these relics both entwined in their brotherly juice…..we all cannot think alike or we would be all mad.On another matter….
    I notice USA just purchased more bullets to stock pile the armed guard’s armory. 174,000 cases to preempt any wacky beetle juice, that allow their thinking to spill D kool aid…


  16. Sid Boyce n friends…go live in ur Singapore….we gud !



  17. @Bush Tea “-Complaining about paying taxes – while enjoying the benefits
    -Never willing to volunteer time and service to others. What overtaxed what?!”

    I hope you int meaning me? Because I do so extensively, extensively volunteer my time and service to others.

    Yes we are burdensomely, heavily overtaxed.


  18. Praise the Lord for video… claptrap stoppers….this one won’t be censored….only goes to show SOME the tetley THINKERS we got in hay…


  19. From Bush
    The fact that we still have the prevalent mendicant attitude (such as Onions’ who seem to think that persons are owed a living) tells of the total failure of any attempts at EDUCATION. Academics maybe! Schooling perhaps! … But EDUCATION?!?! Bushie thinks not!
    ***************************
    Now you all can start connecting the dots….The true Dr.Singa pong pupp…the hard part is…he actually believes it…LOL

    No Bushie we not owed a living…..we owned by the state right ? ….AHLE


  20. ac
    As Bush Tea points out that’s a mendicant state of mind. You can never achieve potential by sitting back and letting others do for you.
    I can’t see what Singapore had to give up that is vital to their wellbeing in exchange for low unemployment, world class education that provides highly literate and functional individuals and a highly developed and independent nation that is forging ahead.

    When an operation sets up in another country, initial grants and tax free operation helps immensely but they still have their own lines of credit to service and they are serious about growing the business. If they hit trouble by late deliveries and poor quality you are driving them to closure. They lose and you lose also as they don’t have the margins to keep going.

    In 1978 a small Belgian computer company advertised for a Barbadian national to manage a facility they were setting up in Barbados. I thought hard about it and in the end opted to move to an American company starting up in the UK, 25 years later I took early retirement with a good pension and lots of good severance benefits.
    The Belgian company didn’t last 2 years in Barbados. The Barbadian who moved from the UK to manage the company related a litany of problems. He moved on to the HARP project and when that completed decided to start his own company instead of taking up the job in Canada he was offered.
    His company folded due to late and non payments from companies across the Caribbean which took a toll of his company’s cash flow and he had to close and return to the UK to take up a job.

    There seems to be a very strong view held in some quarters that prosperity grows on trees and if the fruits are not low hanging then you are unfairly asked to climb the tree.

    Planet Earth and planet Caribbean with different and divergent views of the cosmos which makes for a disastrous coming together of the two – they just don’t scale.

    Back in the days of the Barrow government one of his ministers wrote in the Advocate that every Barbadian could read and write but few were functionally literate and I had someone in London expressing the same sentiment just over a year ago on his return from Barbados.

    I also read comments in the Advocate back then that put the Barbadian in London or New York and he will work all hours and work hard. Put the same Barbadian in Barbados and you won’t get the same dedication out of him.

    Prevalent is the attitude that – I’m a lawyer/doctor/…. I charge so much, I’m a labourer I charge so much a day but you hardly if ever get a day’s work.

    I have cited before the case where my brother was buying a house in Barbados – the house was unoccupied, the money was in the bank and yet it took 3 years for him to gain possession.
    On my last visit my brother and I were to see the lawyer on an unrelated matter where I was able to help with required information. He quietly visited the lawyer on his own as I had said that I would ask the lawyer “what the hell” takes him years to complete a sale that anywhere else would take a few weeks or at a stretch a month.
    A cousin died back in 1992, the will appointed a bank as executor and up to this minute the estate still has not been settled.
    There are very many such instances I could cite – so laid back, they are almost horizontal.

    Wallowing in self pity with the belief that any requirement for effort and diligence is exploitation is so negative and futile, a great mental stumbling block that puts you in an uninterruptible slumber and sleep is so sweet you don’t want to wake up.


  21. @ Sid Boyce
    And don’t start like the old writer of epic cycles:
    ‘Of Priam’s fate I’ll sing, and the greatest of Wars.’
    What could he produce to match his opening promise?
    Mountains will labour: what’s born? A ridiculous mouse!

    Horace’s epistle……..mountains will be in labour and give birth to mice….( not you)…before such eva happens bout hay…..you UK writers cud talk from ova n away…..rubbish the most…ask any bajan what we duz interpret we you so grace our shores…..the cold like it has that effect on the immigrant WI brains ( read George Lamming) or the Tube trade.. to you so we extend our prayers….

  22. millertheanunnaki Avatar
    millertheanunnaki

    @ Sid Boyce | September 5, 2012 at 7:50 AM |

    One wonders what Mr. Amused would have to say about the legal entanglements you experienced.
    Of course he would strenuously deny anything to that extent took place. Just a little hitch by a recalcitrant junior lawyer having problems with the Registrar. What you have said can be replicated hundreds of times especially by those residing in the UK who know of and expect a better legal service from those who are paid in advance.

    He who wears the shoe feels the pinch.

    But in Bim it is always necessary to have friends in high places when it comes to legal matters both criminal or civil. Just ask Leroy!


  23. @Sid Boyce

    You are correct in your assessment. Barbados is like our sports teams, we compete well up to under-19 and somehow have not been able to infuse the model which has served us well up to the late 80s to propel us to make the quantum leap. Our government in waiting continues to discuss the same old initiatives while the world keeps moving forward at a faster pace.

    BU has asked the question before – not to digress- why can’t we be creative in the labeling requirements to facilitate import of food from S America where food is considerably cheaper? Whether we like it or not our food import bill continues to climb, a sure sign we are doing the same old same old.


  24. Mercy begth mercy…of men and mice
    Boysie walked straits on sittin bull’s knife
    Hold great cheftan, don’t bring him mo shame
    Less we forget the good im work dun
    Foe us underprivileged,
    On underground train…..sickenth

    Ma belly urting, Octavia
    Gimme bush tea or olive water
    Quiks foe the pain….
    Like I giving birth….a man of the moment
    Proud n vain

    Out to shame us,maybe
    Nay ..fa real
    Be sure110 Downing, we gud if you please
    Won’t switch for ur lot,not foe all ur grieves.

    OOB


  25. @Onions

    It is ok to do your Shakespeare etc but don’t you think it is more practical if you communicate your thoughts to readers so that ALL can understand? This is not class.

  26. millertheanunnaki Avatar
    millertheanunnaki

    @ David | September 5, 2012 at 8:35 AM |
    “…why can’t we be creative in the labeling requirements to facilitate import of food from S America where food is considerably cheaper?…”

    Because it is not in the excessively profitable interests of those who control the food importation and distribution business in Bim. The higher the landed costs of food the higher the mark up and margins thereby increasing the bottom line right through the supply chain.
    Government needs to free up the market and let other “independent” players come into the food import and distribution business.

    Just remember the food importation & distribution business is a very powerful lobby with deep pockets both here and in Miami.


  27. Hamlet:
    I heard thee speak me a speech once, but it was never acted,
    or if it was, not above once; for the play, I remember, pleas’d not
    the million, ’twas caviare to the general. But it was, as I receiv’d it
    —and others, whose judgments in such matters cried in the top of
    mine—an excellent play, well digested in the scenes, set down
    with as much modesty as cunning.


  28. @Miller

    Correct, the traditional power structures have our political intelligentsia by the short and curlies.


  29. Sid of course you can.t seee because you are blinded by the glare of materialism wealth and greed by “any means necessary”. never mind exploitation” that comes with the teritory people would adjust that is the mindset of people like you who ony see relevancy in “things ” issues like freedom and personnal rights are low on yourjustice scale.history never falters as these countries continue to rise the peoples eyes become wide open and the country falls under its own weight take a look at Egypt and Syria


  30. @ David
    What day is day, night night, and time is time,
    Were nothing but to waste night, day, and time;
    Therefore, since brevity is the soul of wit,

    …..”we all at sometimes feels more comfortable in our elements..we all express as see fit”… avid workmen speak of their tools
    .
    “Asses are made to bear, and so are we”
    Taming of the Shrew


  31. If you are happy soliloquizing so be it.


  32. …”he who laugh last, last best”…..


  33. The thread has gone so far off course ….that “the quality wanes”….MERCY me !..what of the needy, the poor, the pensioners duped? In case we need a beacon reminder….it was to them I sought ear…


  34. Why BU clamors all shelves of master
    Doctor, lawyer, bank curtail-or even knave
    Categories of many incrustation
    Mountains and trice waves
    Forgetting none those depraved

    Now Davie, my bowie
    Trivial the notion of academia convulsions
    We tilde in each his trade..
    All his timbers,ac perceptions
    A fellow aarson creme de shave

    But in all the potpourri
    Renders to him, his merry
    Sometimes more enrage
    Yardie is not Amused
    Nor bonny a perfumed flower
    Accepted the new mesosphere rave.


  35. I have read all the above comments with interest. However, no one has mentioned the draconian labour laws recently and about to be introduced by the current government – as far as I can see, the only legislation passed by them in the past 3 years. Let’s not kid ourselves, the Employment Rights Act and the Holidays with Pay Bill represent legislation that has been copied from European countries who are now suffering from similar legislation. Do we learn nothing?! It is totally regressive, in that it makes it impossible for companies and therefore the economy to re-structure. It strikes me that this legislation is based on the myrh that large companies in Barbados are up to jiggery pokery when it comes to dealing with hiring and firing of employees, and of course, some of that goes on. But to legislate in this way will e a barrier to new small company start-ups and entrepreneurs. Large corporations can maybe organise themselves to accommodate this legislation, but what about small business? How can a small businessman, losing money, reorganise his workforce without having to suffer the draconian measure of the Employment Rights Bill? Instead of perhaps letting two persons go in order to maintain ther jobs of 10 others, he now has to hang on to them for fear of expensive litigation which could eventually either force him to take them back, or pay them a year’s salary. This legislation is ant-employment in its present form and this country will come to regret ever introducing it.


  36. in the world of big business any law that protects the rights of the worker is agressive but any law that protects the right of the employer is progressive.


  37. @ac
    Time to call it QUITS DLP……..HIGH Taxation and still not able to get things done…..why would we want to see DEM boys again?
    BARNOC… gasoline scooping
    Alexandra School….staging and jonesing
    CLICO …..one man baditing
    BWA…….water scandeling
    EMERA…..inside trading
    QEH……..too many to recoup
    DRUGS……psuedoing
    LESC.. (car park $4 mil) climbings
    Citizens Inaugurations…..what sh3t-in???

    All blunders we have occasioned….blasted stupidness
    CALL THE ELECTIONS Do !..
    signed
    Yusef ali


  38. Too much taxes man…..we calling for another Budget. You had excess VAT put in back in the economy $ 184 Million could restart wheels in motion.Put land taxes and vehicle registration back to 2008. Anything else is gravy…


  39. @ac
    You have only reinforced my point. I am not referring to big business, but small and micro business. The types of business ministers are all over Barbados encouraging. This piece of legislation makes it impossible for a business to re-structure. If businesses cannot re-structure, the economy cannot re-strucure. By all means, there are parts of the Employment Rights Act that should have been law years ago, but not those parts that make it difficult to pay out employees. Who is the law protecting? Certainly not the thousands of unemployed whose chances of getting a job are made slimmer by this legislation. That is why it is regressive.

  40. millertheanunnaki Avatar
    millertheanunnaki

    @ Peltdownman | September 5, 2012 at 5:12 PM |

    Ac cannot think that deep. It is almost impossible for her to appreciate the gravamen of your assessment of that piece of legislation that many EU member states are trying to amend or rescind- Spain and Greece especially. Whatever this DLP administration says or does is the gospel or the works of god.


  41. Who represented the SMEs at the table when this piece of legislation was making the rounds?

  42. millertheanunnaki Avatar
    millertheanunnaki

    @ David | September 5, 2012 at 5:32 PM |

    Dennis Kellman. The chief spokesperson for small business development in and out of Parliament.


  43. @Miller

    Meant stakeholders i.e. owners of businesses. We really need to stop distilling in political terms every time.

  44. millertheanunnaki Avatar
    millertheanunnaki

    David | September 5, 2012 at 6:17 PM |

    But Dennis is a small business owner. He owns the Moon Town restaurant’ a fast growing business soon will be medium-sized. What about the SBA or is that political too?


  45. peltdown man give me a break ! go sit down. bo! bo! crying draconian my foot all the law simply says is to treat employees in a decent and respectable manner and not like slave labourers or disposable paper cups . it goes to the heart and dignity of human rights and tries to prevent workplace abuse by employers it shouldn’t be of great concern to you if you never fell into the categories that applies in the Act as an employer or should it


  46. Somewhere on this blog recently, I dont remember which post, I saw people including David of BU speculating as to the outcome of the next General Elections. I saw predictions of all kinds and I was saddened by what I saw,
    WHAT must I do to convince you doubting Thomases ??
    In 1999 the DLP ENEDED UP WITH TWO SEATS–(2) SEATS.

    eVEB THOUGH i HAVE SAID HERE ON THIS BLOG THAT THE RESULT OF THE NEXT ELECTION WILL BE

    BLP = 29 SEATS
    DLP = 0 SEATS
    INDEPENNDENT = 1 SEAT

    PEOPLE ARE STILL SPECULATING ???

    WHAT more must I do ?

    just asking


  47. The miss spellings in the above post comes from the fact that on this blog –I can not see the post I am writing after the first few lines because everything becomes jumbled up and goes all the way down into the section that ask for website , email, and name.
    FIX IT PLEASE MR. DAVID of BU


  48. @Just Asking

    Before typing hit enter to open the comment box or try another browser.


  49. WHY cant we start a campaign on BU calling for ELECTIONS,
    Lets start now.
    Everybody should write these words at the top of their comments whatever the comment is dealing with.–or just cut and paste these words
    TO FREUNDEL STUART AND THE DLP:
    CALL ELECTIONS NOW !

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