2019 Budget -A Time for ALL Good Citizens to Pause

Budget day: Wednesday, March 20. Prime Minister Mia Mottley will deliver her first Budget on March 20, 2019.


Without doubt the 2019 Budget will be interesting not only for the pundits, for the masses as well,  who for the first time are witnessing a Barbados in the grip of economic and social turmoil NEVER experienced in our history. The political partisans as if trapped in a time loop will forever be debating -who to blame, B or D. The blogmaster and sensible others respectfully suggest we need to take a long hard look at the image in the mirror.

We have allowed a burgeoning political class to hold a people and country to ransom while we stood by and applauded. The lack of people participation in government in the last 25 years has given birth to the current state of things. A dysfunctional system will never generate the desired result.

There has been a heavy focus and expectation by Barbadians that monetary and fiscal policies of  government represent a panacea to the many challenges which confront us.  If youth employment is 24% how does one justify an allocation of 3 millions dollars to the BLOCK program being promoted by Minister of Youth and Community Empowerment, Adrian Forde? The young people on the BLOCK is one of the symptoms how the society is failing the people.  Our inability to create opportunities for our people. Our inability to repair, fix and grow and build

Barbados is navigating uncharted waters. The budget will be debated this week with token opposition. Another dysfunction we are grappling. We have a people still hoping for the usual Budget handouts from government notwithstanding the deep economic hole we continue to find ourselves.

One of the greatest disappointments in the post 24 May 2018 period is that we have not been able to reach a national consensus on a way forward. A view from the idealist perhaps.

If we read the political leaves of the 30-0 result the electorate almost to a man determined the DLP was an incompetent government. We have the BLP incumbent and although commonsense suggest the government needs more time, we have spotted a legacy behaviour by the political class which serves to stoke the apathy latent in many of us.

Surely goodness and mercy shall follow me {us} all the days of my {our} life: and I {we} will dwell in the house of the LORD for ever- Psalm 23:6

As vivid as the imagination of a child the blogmaster – try as he might- is unable to see the flicker of light at the end of the proverbial tunnel. Bear in mind the cracking of the economic juggernaut requires a parallel effort in the social sphere. There is corruption, rising crime, an irrelevant justice system, a scant regard for the environment etc.

Our strategies must be holistic.

Participation must come from all of civil society.

We must commit to re-engineering our thoughts, words and deeds.

The mantra now and in the future must be sacrifice from everyone for the good of ALL.

If Barbados is to rise, we have to park the noisy adversarial ethos political talking heads and partisan supporters revel and earn pennies from. The final say – in theory – rest with WE the people. Let us power up our collective intelligence to wrest our country from the political class. The hopes and dreams of our children and their children depend on it.

Democracy is the government of the people, by the people, for the people –

-Abraham Lincoln

 

 

397 comments

  • @Sargeant

    So far yes!

    Like

  • What the country needs is for a relevant and coherent dissenting voice. Not the same old nonsense.(Quote)

    Really??????

    Like

  • Sunshine Sunny Shine

    You are not David. David does not talk like this. Not commenting anymore until David is back. You sound like a sympathizer. SSS over and out.

    Like

  • SSS March 21, 2019 9:28 AM

    “There is no talk about locking up here. There is only talk about investigating and then making a determination on the findings of that investigation. Barbados is just corrupt.”

    You mean the New Law of Asset Forfeiture in the Case of the Government Seizing Prosperity as in Civil Asset Forfeiture that will require no proof just to make the Accusation to take a man’s Property? Does this Not Apply to the Political Elite?

    Like

  • @ Sunshine Sunny Shine,

    Barbados has always had ” corruption “. It got scaled upward over the last 20 years.

    Fortunately we can expect a decrease… Whistleblowers. Cell phone cameras. Spy cameras and audio recorders. Home security systems.The internet. Blogs like BU.

    Like

  • SirFuzzy (Former Sheep)

    I just read the PWC review of the MAM budget presentation.

    We/I will see how these measures that were proposed works out, but the one that caught my eye was the prosed VAT on on-line transactions. My question is what is it worth to these e-commerce sites to be collecting the Barbados VAT.?

    I am sure that they will be some talented legal minds that will advise these e-commerce entities that it way better NOT to get involved in that VAT collection scheme on the behalf of the GOB. Unless the GOB makes it worth their while?

    What i found even more interesting is how it impacting me or some bajan that may use the internet and its e-commerce sites to purchase items that will be used overseas.

    Scenario A.

    If you have a relative or family member that you purchase items for on Amazon.com etc for consumption in the USA.
    Will i be charge VAT on these items because I am using a Barbados issued credit card(CC)? How do i prove that these items are consumed in the USA as opposed to Barbados. Will there be a process to reclaim the on-line VAT? Will the process be smooth and quick and seamless. Or will the process be an off-spring of the GOB styled efficient civil service ? Long drawn out; will numerous visit to many offices or officers in order to be told Yes or No? Is that run about worth the USD 17.50 in VAT that i am trying to get refunded? Imagine the BRA office in the Pine bt with person trying to collect their online VAT. 😦

    Now all on-line foreign currency CC transactions are subject the to FEF, which is currently 2.00% Any person that pays attention to their credit card statement will see this charge for these on-line transactions.

    This makes me wonder on the following regarding this scenario.

    Scenario A. I purchase US$ 100.00 in merchandise from Amazon.com for final consumption in Barbados.

    a) The USD 100.00 is equavilant to BB202.75 due to FX conversion
    b) The 2% Foreign Exchange Fee(FEF) is (202.75*.02) = $4.05
    c) The proposed VAT on Online Purchases (VAT-OP)= ?

    The line item (C) is the big mystery. So Amazon.com charges me the VATOP = US$100*17.5%= Us$17.50

    Now does the US$17.50 attract the FEF of 2.00% making it effectively Us$17.85 (making the VAT-OP at 17.85%)

    I dont think that Amazon will be interested in conducting any transaction in the BB$. Therefore it will be in US$s. Why should i be paying a local domestic tax in USD as opposed to the BB$. Using the USD and having to use international FX rates just makes it more expense.

    Also on these sites like Amazon.com gives u the option to use the CC issuers exchange rate or the Vendors exchage rate. If u are not careful it defaults to the vendors exchange rate. using the vendors exchange rate will just be increase the total cost of the transaction. That will surely be good news for those everyone except the GOB and me the end-users.

    The other scenario(B) will be how does this collection/refund of VAT-OP work when there is a need for a refund due to whatever reason.

    I just see another cumbersome GOB setof procedures coming to mind in order to frustrate the simple citizen who is just trying to evade high local prices by using the small collection of tools that the state allows him to possess. A credit card, an internet connected device and access to a inbound shipping service.

    Also what does this VAT-OP do to the many small business people that stay alive by being competitive by using the internet and by making use of the e-commerce platforms to procure merchandise.

    Just asking and saying.

    Like

  • The increase in water is more the offset by the reduce in taxes for business.

    Most households will benefit from reverse taxes which will also help ease the increases in bus fares.

    Like

  • NorthernObserver

    Did the PM/MoF speak for 5 1/2 hrs without mentioning the NIS?

    Like

  • @Northern Observer

    She mentioned NIS in the context of the former government defaulting in payments.

    Like

  • The excessive increase in property tax is socially unjust. It is at the expense of those who work hard and rewards the have-nots who live at the expense of the general public.

    It is unacceptable that international investors and rich locals who buy or build a mansion in Barbados should pay for the laziness of the clueless impoverished masses.

    It would make far more sense to raise the retirement age, reduce the bureaucracy and finally drive the population to work.

    Tax increases like these will continue to stifle economic growth.

    Like

  • Beliving that increased water rates to businesses would benfit the household is delusionalism at its worst

    Like

  • The excessive increase in property tax is socially unjust. It is at the expense of those who work hard and rewards the have-nots who live at the expense of the general public.

    It is unacceptable that international investors and rich local swho buy a third or fourth villa in Barbados should pay for the laziness of broad sections of the local impoverished masses.

    It would make far more sense to raise the retirement age, reduce the bureaucracy and finally drive the population to work.

    Tax increases like these will continue to stifle economic growth.

    Like

  • SirFuzzy (Former Sheep)

    Withholding tax for residents going to 15.00% up from 12.50% As far as i know this tax will affect the funds that local investors are getting from dividends paid by local corporations. More importantly it will affect the interest paid to bond holders of the CBB securities. This cannot be fair. These local bonder holders just last year had their interested payment reduced after approving the CBB new scheme to help the country out. So now you getting less from the CBB and u will now be taxing the lesser interest payment income with a higher tax?

    Main-while elsewhere in Gotham the same MAM administration has decded to eliminate/reduce the same withholding tax on royalties and management fees. What gives? The many person that invested i investment for their retirement are now struck by another Big Rock.

    Then agai in life we were told to expect death and taxes. But on this rock it seems to be Death Taxes and Unfair taxes?

    just ranting

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  • @Tron

    The government has to find revenue streams to satisfy BERT. If they do not what will happen?

    Like

  • WARU, Crazy & Unstable, Hogging the Blog

    “There is no talk about locking up here. There is only talk about investigating and then making a determination on the findings of that investigation. Barbados is just corrupt.”

    That is why Mia cannot be taken seriously…unless she asks REAL INVESTIGATORS FOR HELP..

    ..Barbados has no professional investigators, only yardfowls and social climbers and pimps for whatever political party….it will be a colossal and as usual waste of taxpayers money….if Mia does not bring in professional help and pretends she has some family member, fellow lawyer or former judge holding some kinda fake investigation…..we will know it is just another end run to syphon off taxpayers money for their own pockets…….until then…i would not trust her or anyone connected to her….unless she does the right thing and seek professional help from international agencies…. in catching her compadres and bag of crooks..

    Like

  • @ David March 21, 2019 10:04 AM

    If you discourage international investors from buying villas in Barbados, no foreign currency will enter the country. It’s that simple.

    Barbados has less of a tax problem than a dollar problem. And we can only solve the latter by bringing more foreign exchange into the country through the growth of the private sector. On the other hand, we will make the problem worse if we continue to cling to the bloated state apparatus.

    David, you also have to admit that there is no plan or prospect in Barbados to strengthen the inflow of foreign exchange. And that would be crucial. With BERT, it is not a question of the problems of tax collection for the lousy Barbados dollar, but of the deterioration of currency reserves.

    The public sector in Barbados is the reason why the island is falling apart.

    We need an immediate hiring freeze for civil servants, an increase in the retirement age for civil servants to 75 years, a massive reduction in pensions for civil servants and a special tax on the income of civil servants.

    Like

  • @ Tron,

    We need an immediate hiring freeze for civil servants, an increase in the retirement age for civil servants to 75 years (Quote)

    Plse explain: someone leaves school at age 16 to work in construction and has to work until age 75 (59 yrs) before being entitled to state pension. Does that seem fair? Someone is a professional sportsperson and stopped at age 40,, but has to wait until age 75 (35 yrs) in order to get a state pension, does that seem fair?
    Someone works in a job until age 65 when s/he retires from that job, but has to wait a further ten years before getting a state pension, is that fair? Will the retirement age of 75 be the same for men and women? Will there be a limit on national insurance contributions?

    Like

  • @Tron

    One can only listen to the PM and government for direction on what the growth plan will be. She indicated the priority was to stabilize which they have done. The next phase is to support growth initiatives. Bear in mind the foreign inflows we want must be linked to real investment projects. What we need to facilitate commercial activity that will earn foreign exchange and employ people.

    Like

  • Sunshine Sunny Shine

    Waru

    Mia has no intentions of investigating a thing. You do not let tax free cheaters off the hook if you know you had plans on investigating certain situations. I am so happy that the US watching and waiting for them to slip up. Imagine she talk about where there is evidence, she would investigate. So there is no evidence and yet Donville get captured by the US and she still wants evidence to investigate the others. She won’t, too many in her camp would be implicated. Waru, you see my Puffy?

    Like

  • @SSS

    In light of what you have posted in your last comment – who is responsible to investigate Donville? Should it be the government? Should it be the DPP?

    Like

  • One can only listen to the PM and government for direction on what the growth plan will be. She indicated the priority was to stabilize which they have done. The next phase is to support growth initiatives. Bear in mind the foreign inflows we want must be linked to real investment projects.(Quote)

    What is the growth plan? Has the economy been stabilised if so the restructuring is complete? Does the chairman of BU got contacts in the ministry of economic affairs?

    Like

  • Who held the guy in the usa? The government or the law enforcement ?

    Like

  • Sunshine Sunny Shine

    Stuuuuupse

    Do you really think I am kubba? You think the office of the DPP is independent of the directives from the Prime Minister if she wanted a matter looked into? The DPP is one wing of government and the chair of the Prime Minister to delegate according to what matter should be looked into. Again, I ask, you is David?

    Like

  • WHO WILL CAPITULATE ?

    ” However, a concerned Mottley admitted “We have reached a difficult moment in the negotiations that may result in the project being stalled or pulled.”

    She said her administration had worked hard to make the sprawling Beaches project a reality, despite it not being in agreement with the “excessively generous concessions” the last government issued to Sandals. “

    Like

  • To think that I said the increase in water rates will benefit anyone is more the delusional

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  • Worst yet coming from the increased land taxes would be households who are renting would expect to see a rise in their rental agreements as landlords sieze the necessity to offset the rising cost of land taxes
    This budget is one which favours the IMF financial institutions while pushing bajan households backs further against a hard brick wall

    Like

  • @ Hal Austin March 21, 2019 10:21 AM

    Dear Hal,

    These are indeed all legitimate questions. So I imagine it that way:

    If someone works physically in the private sector, the retirement age is 65.

    If someone works in an office in the private sector, the retirement age is 70.

    For civil servants, the retirement age is 75 years, because civil servants are privileged over the rest by massive wage increases (5% in 2018 alone), tenure and other privileges. I call this equitable justice.

    As for your question about the British political system, I believe that this system was already poor during the colonial period and has since become much worse. It only worked because the British always used non-white peoples for slavery and exploitation. Since they can’t push others around anymore, they’re going downhill.

    That can be transferred to other areas of life. Compare the quality of houses and apartments between Great Britain and Switzerland. A difference like between a developing country and the so-called First World.

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  • I can’t help but noticing that TRON and his recent comments and ideas on this topic is very reflective of a :

    Twisted

    Repugnant

    Obtuse

    Nuisance

    a.k.a TRON

    After , at first , spending most of his time on BU promoting the horse prattle as spewed by Mia Mottley – as ” good oats ”

    Tron now shamelessly proffers a view that Bajans should now work until age 75 – to accommodate the economic DECEPTION of Mia Mottley.

    Oh what a tangled web they weaved !

    Like

  • Reverse tax/tax ease will lighten their their burden

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  • “The last administration intent was never to fix or fashioned the transport board towards one of efficiency.”

    SSS

    I agree with you, especially if you take into consideration the amount of PSV permits, especially on lucrative routes, that were “distributed” under Michael Lashley’s tenure…….

    …….. and level of maintenance and mechanical work that was outsourced to Trans Tech Inc. For, in some instances, as much as three times the cost UCAL charged.

    They allowed TDB’s fleet to progressively decrease, while increasing the number of PSVs. Routes such as Silver Hill, Silver Sands, Airport and Wanstead have in excess of the numbers of ZRs required.

    TB had an outstanding debt to UCAL in the amount of approximately $35M. During the past few months, employees had to wait as long as 3 weeks before being paid. Out of that $35M, rent for space at Weymouth, VAT and NIS contributions are to be deducted, leaving the company with approximately $5M, some of which has to be distributed among the employees who are also shareholders and having been waiting for their dividends as long as 6 years. The employees are hoping to receive payment by March 31, 2019.

    Like

  • @SSS

    In essence you expect the government read policy making to direct the CoP and DPP?

    In other words you prefer the government to continue with ultra vires behaviour?

    Like

  • @ David March 21, 2019 10:21 AM

    OK, then let’s get down to the fact that the desolate financial situation is to be stabilised first. That is also my assessment.

    We also want to assume that the government plans to stimulate the economy in 2020.

    But the white elephant will still remain in the room: When will taxes finally be lowered? We all know very well that taxes and other levies in Barbados are far too high. They are one of the main reasons for the poor working morale. Barbados will not economically survive such excessive overtaxation in the long run. We are obviously not in Scandinavia here.

    It is obvious that the “Barbadian way of live” with its inflated social and civil servant state does not work. Even some African countries have long since overtaken Barbados economically. That is a fact. We should no longer take the drug called patriotism, but face a rational discourse. We need a massive reduction in the number of civil servants and a shift in investment from the public sector to the private sector.

    Like

  • @Tron

    The blogmaster is loath to debate whether to lower or increase taxes. It is a philosophical / current state issue. It is also one slice of the strategy. We have to focus on productivity with emphasis on export oriented projects.

    Like

  • Man Tron stop trolling do.

    How will raising the retirement age improve the economy?

    Like

  • @ TheOGazerts March 21, 2019 4:43 AM

    We should stop weeping over the Barbadian welfare state. Unfortunately, the local population is as dependent on social benefits as the drug addict is on drugs. We need a kind of drug detoxification clinic for people who are dependent on the welfare state. I feel much more attached to the taxpayers, especially those who are now massively burdened with the increase in income and property tax.

    If the ticket prices are too high for you, just move closer to your workplace. The Preminier Minister also said that there will be discounted weekly and monthly tickets. That’s the way it is all over the world. Why should the international creditors pay for the local backward population? There is no reason at all.

    I therefore stick to my opinion that the increase in ticket prices is right and good. But we need further optimisation.

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  • What will most likely happen as govt fixation on taxes to pay debt becomes the one policy of resort is an expanding of a welfare state as govt policies ceases to adress a policy implemented towards productivity with an active initiative for acessing jobs for the people

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  • Man u all over the place

    You still want government to the the profitable Hilton to pay off debt?

    Like

  • *to sell

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  • Interesting policy to partly liberalize foreign accounts. An attempt to create market confidence?

    Like

  • WARU, Crazy & Unstable, Hogging the Blog

    And if there is any truth to this…we already know the corruption that took place..

    how do leaders bring in outside workers to undercut struggling citizens and don’t expect the island to run into financial and economic destruction….how do they allow companies to do the same and don’t expect a broke ass country eventually…combined with all the tiefing they all already have on lockdown for decades…what level of stupid is that…

    “March 21, 2019 10:58 AM

    Minister Best use to write letters to immigration to let in workers to undercut Bajan workers? then called the Bajan lazy for they were to get 120$ per day/s as they pay others 80$ or 90$ and get his kickbacks,
    So we have to see if the white workers and their Permits ran the same game!”

    Like

  • Amm how does any one anyalze the increased levies on tourism without a jaw dropping response
    Needless to say another hit to local economy in respect to tourist spend

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  • Not just a matter of lowering or increasing taxes
    But the woefulness of a govt eho has yet to produce a sustainable plan towards economic sustanabily one which would ease the heavy tax burden off the peoples shoulder
    A contiuation of govt present taxation plan is a well assured plan for economic damnation for the the entire economy
    Mia loud boast on tax refunds only bodes well to say that a promise is a comfort to a fool
    After all how much financial easement can a household recive from approximately 1500 tax refund when counting other household obligations and wherby govt taxes would eroded any positive financial gains

    Like

  • WARU, Crazy & Unstable, Hogging the Blog

    SSS…ah think the corrupt are having the time of their lives right now cause they never saw this day coming…lol

    So it is kinda safe to say they will not see the other days coming either…

    Like

  • @ Dullard March 21, 2019 11:04 AM

    Read the history of the welfare state. Originally, the retirement age was much higher than the average life expectancy. Pension insurance was therefore nothing more than invalidity insurance for the elderly. It was Barrow, in his arrogance, who perverted the pension insurance into a kind of state-financed permanent holiday.

    Like

  • Some comedy gems:
    “Amm how does any one anyalze the increased levies on tourism without a jaw dropping response. Needless to say another hit to local economy in respect to tourist spend.”

    Because aliens pay the levies!!🤣🤣🤣

    Like

  • Are any of the many ”economists” going to present an analysis of what this budget means?
    Or are we only going to have the simple copy-paste of the speech transcripts from the abject press?

    As a simple Dullard, I would like to hear what the implications are for me.

    Like

  • Sunshine Sunny Shine

    You, David, whoever you are, seem to think that the government do not already direct the CoP and DPP. Anyone believing that T’s are cross and I’s are dotted would have to be completely delusional when the politicians have told us point blank that they do not engage in any under handing deals or corrupt activity. Guess you believe that too.

    Like

  • Sunshine Sunny Shine

    Artax

    That is why they can be no letting up on Mia Rogue-Works Mottley for turning a blinded eye to the crookery of the last administration. Millions spent, nothing to show, and the new Prime Minister is contented with letting them slide.

    Like

  • WARU, Crazy & Unstable, Hogging the Blog

    Sandals need to get their crooked, covetous, greedy, envious asses out of Barbados and out of the lives of the majority population…they are not good for the island or people…with their take, take, take mentality….get lost and good goddamn riddance…

    Like

  • WARU, Crazy & Unstable, Hogging the Blog

    SSS…they are not as sure of their pretend invincibility as they used to be…this is a different ballgame with players they never met before and would not begin to know what to do about…unless they hire more consultants at taxpayers expense and even then…this is way above anything they can dream about….let alone recognize for what it really is….that is what happens when you are miseducated and spent ya whole lives and career with tunnel vision…only knowing how to tief…

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  • @ Dullard March 21, 2019 11:04 AM
    Read the history of the welfare state. Originally, the retirement age was much higher than the average life expectancy. Pension insurance was therefore nothing more than invalidity insurance for the elderly. It was Barrow, in his arrogance, who perverted the pension insurance into a kind of state-financed permanent holiday.

    @Tron
    You reading of the issue is incorrect. Yes Bismark introduced old age pensions. But:

    Pension insurance was therefore nothing more than invalidity insurance for the elderly
    FALSE.

    Originally, the retirement age was much higher than the average life expectancy.
    NOT TOTALLY TRUE. Though retirement age might have been higher than life expectancy of the general population. The life expectancy of the WORKING AGE POPULATION was higher. Therefore workers did on average benefit from pensions.
    The life expectancy of teh general population in Prussia at the time was driven by maternal and infant mortality.

    It was Barrow, in his arrogance, who perverted the pension insurance into a kind of state-financed permanent holiday.*
    This is just nonsense.

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  • Sunshine Sunny Shine

    I hearing that loud and clear, Jackie Stewart. If you have the proof and legal backing to tear down the corrupt syndicate then move with haste before they try to cover their tracks. they know very well how to spin tot in mud. They are very good at that. However, I see no fear your eyes or your voice. Do your thing ma girl.

    Like

  • NorthernObserver

    @Tron
    given life expectancy has increased, there is sound reason to increase the pensionable age. We can expect once somebody manages to get a grip on the NIS, this will be a natural outcome. Civil Servant pensions are another matter, for when various GoB over the years decided to hire more, few gave any consideration to the ‘retirement costs’ which are unfunded. There are similar reasons why they need to extend the length of service required, or limit the years after service ends for benefits. Your numbers feel a little extreme without doing any calculations.
    Seems the key to this budget, is what % of the increased/new levies are collectible, as successive GoB’s have had issues collecting.

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  • Seems the outcome if this budget would to force local business to further increased prices
    Forced households and tourist to save on their spending
    Create an economic enviroment which leads to inflation which in turn would lead to a severly depressed local economy as people financial input/ spending power comes to a creeping halt

    The problem with expanding the retirement age leads to a negative employment for the youth
    Who would have arrived at an age whereby they can have a job but gran ma and gran pa hasnt got a choice but to hold on to the 40year job until retirement comes around

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  • Sunshine Sunny Shine

    Waru

    I would love more to come forward and speak up about the thieving of their properties by corrupt lawyers. That is why I have no respect for that rogue. Jackie Stewart laying claim at their feet for doctoring documents and stealing her mother’s land, she threw the whole kitchen sink at Dale Marshall, and still, she did not open her mouth once concerning these two questionable characters. Now she is Prime Minister she is wearing a halo and white robe to do what is right in the name of good governance, powder puff the PIG so no one focuses on the shite did they during their 14 years, and George Payne, who remains a figment of everything bad, gets a green card from her because he decided to be loyal and she decided to operate like a saint. Until I hear investigations in the shite that the DLP did, Mia Mottley will remain a vicious, vindictive rogue.

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  • @Dullard the unionist

    We should stick to the facts.

    The life expectancy for men in the case study you mentioned was 45 years at the most. Even if this low value was due to high infant mortality, very few men reached the age of 70. According to the figures available to me, even around 1900 only 27 percent of men reached retirement age.

    @Northern

    Thank you very much for your kind words. I sometimes choose pointed remarks and high numbers to initiate the discussion.

    Apart from that: It is as clear as daylight that a dangerous bomb is ticking among the civil servants’ pensions.

    When the government lowers the pensions of civil servants, civil service posts become unattractive, so that not so many young people want to become civil servants anymore. I think that would be a very positive side effect.

    We must finally stop using the public service as a rubbish bin that collects all those who are not good enough for the private sector or unwilling to emigrate.

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  • SirFuzzy (Former Sheep)

    someone; anyone please explain the need for the “compensatory Income Credit” as introduced in the budget presentation.

    To me; its all alot to do about nothing? If the effect is to make sure that income earner under a certain level pay no taxes; then simply set a tax free income level where u pay taxes above that amount. But i need some one to help me to understand why we need this additional piece of GOB paperwork or red tape.

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  • @SSS

    You cannot eat the cake and have it too.

    We promote the behaviour we rail against everyday in this forum?

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  • @Tron

    The life expectancy for men in the case study you mentioned was 45 years at the most. Even if this low value was due to high infant mortality, very few men reached the age of 70. According to the figures available to me, even around 1900 only 27 percent of men reached retirement age.
    The numbers reaching retirement age are only an issue if pensions are not dynamically linked to life expectancy in some way, e.g. the PAYG

    So what is your point? Man you are conflating the issues. Please re-read your original post where you falsely stated Pension insurance was therefore nothing more than invalidity insurance for the elderly.

    This was the main gist and it is incorrect.

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  • SirSimpleSimonPresidentForLife

    @Northern Observer at 9:55 a.m.

    The PM did mention NIS, but perhaps not in a substantive way. She has asked the NIS to arrange paternity leave payments. However the guys will only be able to claim for one pregnancy per year. I am not sure exactly how this is going to work because women can give birth twice in a twelve month period, if the second pregnancy occurs 6 to 12 weeks after the previous birth.

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  • SirSimpleSimonPresidentForLife

    @Tron at 10:00 a.m.

    You’ve spent the past few months talking foolishness on this blog, and now the land tax is going to bite you in your rich behind you complaining?

    Lolll!!!

    Pay up or ge out do.

    We ain’t working to age 75, just so you can relax yer lazy fat @ss beside the pool.

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  • Therefore, Mr Speaker, immediately based on income year 2018, we are adding the $9 million to the existing allocation of $11.3 million for thousands more Barbadians who earn $18,000 or less. Overall, the reverse tax credit is putting just over $20 million back into the hands of low income Barbadian workers.
    Mr. Speaker we will continue to provide a $25,000 personal allowance for all taxpayers. For those who earn above that $25,000 but below $35,000 per year, my government is introducing a Compensatory Income Credit (CIC). In essence, Mr. Speaker, no one earning less than $35,000 will pay income tax in Barbados.
    The CIC is accessible after the filing of the income tax form for income year 2019. The CIC is applied such that it provides a credit of up to $1,250 to anyone earning from $25,001 up to $35,000 such that they are in a position of paying no income tax. It is a non-refundable credit that brings the tax paid in this income range above to zero. Mr. Speaker, this tax policy takes care of another range of low income workers.
    Therefore, Mr. Speaker, we have introduced two types of credit approaches to protect low income Barbadians as we change the incidence of taxation. Imagine earning $35,000 per annum and not paying a single cent of income tax. Further imagine earning $25,000 per annum and receiving a Reverse Tax Credit of $1,300.

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  • Sunshine Sunny Shine

    Whoever you are, you are talking shite. Promote what behaviour we rail against. The SSS focus from day one was on transparency in governance and seeing the establishment of some type of Financial Investigative Bureau to bring to light the manner in which these politicians have become so rich. Outside of that, I have relentlessly placed in my posters the need to give the Auditor General more power, hence his face featured in many of the posters. I do not waste my time reading half of what is written on here because only a few peak my interest. Not interested in all the polish writing either. None of that is making in rows into what is happening in Barbados. So take a chill pill.

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  • What about the negotiations with Sandals?

    According to Mottley, Sandals is seeking assurances and guarantees that the Government of Barbados would “indemnify them if any future Parliament at any stage in the next 40 years were ever to tax them for anything in the industry for any goods or services that others in the industry were paying taxes for.”

    If Butch “doesn’t get his way,” does this mean he will not “go through” with his US$4M Sandals Resort, which is already in construction at “Heywoods,” St. Peter?

    Surely the PM Mottley is aware of the difficulties encountered by the Gaston Browne administration of Antigua, when they sought to renegotiate the tax concessions the previous Baldwin Spencer administration gave Sandals.

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  • NorthernObserver

    @Dullard
    “The numbers reaching retirement age are only an issue if pensions are not dynamically linked to life expectancy in some way, e.g. the PAYG”
    Given the state of the NIS, where a former official directed the staff to ignore the approved investment guidelines, and buy more GoB bonds/TBills, and then these “investments” turn out to be worth less than initially expected, your choice to increase contributions OR change the terms of the benefit structure. So ALL the inputs become relevant, retirement age, life expectancy, NIS investments/earnings, and personal contribution formula.

    @SS
    unfortunately, paternity leave is an increased cost, unless the NIS targets males for increased contributions. And it wasn’t clear to me, this would be the sole source of paternity benefits.

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  • @Dullard
    We should stick to the facts.

    Oh @ Tron before I forget.

    What are the facts?

    The NIS is mismanaged from top to bottom
    Simply saying, “Oh gee, life expectancy has gone up, lets raise the retirement age” without careful consideration of a broader pensions policy and reform is mere tinkering and we would end up back at square one or worse further down the road.

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  • Mari

    There is just no pleasing you.
    For months you complained about the tax cuts for the businesses and none for the ordinary workers was unfair.
    Now MAM heard you cries and give the low income workers some tax relief/reverse tax (whatever you want to call it) u still complaining. Under the DLP the got neither wage increase or tax breaks only tax tax and more tax for 10yrs and 9months.

    Now MAM trying to recover some of the tax cut money from the business by increasing water rates on the businesses ONLY you still complaining.

    Cant please your at all.

    When the economy start growing and employment start coming down you still will be finding fault

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  • @ Northern
    So ALL the inputs become relevant, retirement age, life expectancy, NIS investments/earnings, and personal contribution formula..

    I agree totally!

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  • “Seems the outcome of this budget would to force local business to further increased prices..”

    That may be so. But with a significant reduction in corporation taxes, it would be unreasonable for any company to pass additional taxes or levies on to the consumer. Companies could “absorb” taxes and still make a profit.

    What about the Fair Trading Commission and the Office of Public Council? Surely consumers could utilize the services of these entities.

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  • That is ok SSS the point is eluding you. For example Donald Trump try as he might cannot direct the US Attorney General.

    We can move on.

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  • If she ease the businesses she wrong
    If she take back from the businesses by increasing water she wrong

    if she tax the workers she wrong
    if she ease the workers she wrong

    if she tax the tourist she wrong.

    she you agreed on selling the oil terminal and Hilton then I guess the only right thing to do is tosell allmof Barbados and pay off the debt with that funds.

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  • @ SirSimpleSimonPresidentForLife March 21, 2019 1:40 PM

    Social justice is relative. For me, social justice means performance justice. We must therefore punish those who do not work hard.

    Look around you and see what your social consensus has led to. The population is impoverished and in a monetary twilight state between death and life. Barrow’s welfare state is a walking corpse that’s falling apart more and more.

    What I’m doing is just setting up the defibrillator and turning on the power. You call it pain. I call it life.

    You need to use the magnifying glass to look for economic growth in Barbados. From an economic point of view, Barbados is not a developing country, but a country that is falling apart. And the worst thing is that the masses are so lethargic that they willlessly accept socialist propaganda.

    Welfare state means poverty – social dismantling means change, hope and prosperity.

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  • Artax

    You and your ‘ shadow ‘ Mia Mottley delivered a poor budget yesterday !

    24 hours later…..you still trying to polish up the mess – as shown in your last post , above !

    Chris Sinckler was head & shoulders above you & MAM !

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  • NorthernObserver

    @Artax
    you have omitted possibly changing WHO gets any side benefits from the deal?

    @Blogmaster
    the SSS situation recently came under the microscope in Canada, where the AG/MoJ refused to order the DPP, or override her decision, to change her position on whether a large corporation qualified for a DPA (Deferred Prosecution Agreement). For unstated reasons, the AG was transferred, then resigned, and her resignation set off a series of resignations, incl another senior minister, the head civil servant and #2 in the PM’s Office.

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  • When I call for the retirement age to be raised, for wages to be reduced and for the bureaucracy to be dismantled, that is not my private opinion, but what the IMF, international creditors in the current negotiations and international investors are calling for.

    The problem is that in Barbados some believe they are smarter than the rest of the world. And you are surprised that investors have been avoiding the island for many years and that we have not had economic growth for 12 years now.

    This is called consulting resistance.

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  • SirSimpleSimonPresidentForLife

    @Tron

    Oh just pay your 20,000 BDS property tax and shut up, or sell your mansion to somebody who can afford the tax. There are plenty of rich people in the world. In any event it is your own lazy fault if you are too poor to afford a mansion in Barbados.

    And don’t bother to curse me in Russian. I heard you loud and clear the first time.

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  • A giant Pox on barbados

    #20
    Havent heard govt allocating funding to fight crime and violence
    I guess govt smoke and mirror presentations in Parliament fondly known as a budget is enough to suffice
    In the meanwhile barbados murder rate climbs day by day

    Like

  • Welfare state means poverty

    Is Norway a welfare state? Denmark? Sweden? Finland?

    Like

  • Welfare state means poverty

    Is Norway poor? Denmark? Sweden? Finland?

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  • “Chris Sinckler was head & shoulders above you & MAM !”

    Yes, Fucktured…

    Surely you must agree that any man who could be at the helm of an unprecedented 24 credit rating downgrades, (a feat that hasn’t been achieved by any other finance minister)………..

    …………. has not only to be “head and shoulders above MAM and I,” but over everyone living in Barbados and the Caribbean region as well.

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  • Murder # 20 at Sheraton Center Mall

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  • @ Dullard March 21, 2019 2:25 PM

    You cannot combine the work ethic and mentality of the Deep South with the Scandinavien welfare state. That is a highly toxic mixture. In Skandindavia many social benefits are only on paper. But people don’t make use of them because it is against tacit social convention of the protestant work ethic. In Barbados, on the other hand, all social benefits are claimed until the taxpayer is as exhausted as a Romanian farmer is after the 10th visitation by Count Dracula.

    Like

  • @Northern Observer

    Thanks, will read up on it.

    Like

  • 20 murders? What is the problem?

    Murders, chicken meat and the sun are all typical Caribbean ingredients. So there is no reason to get artificially excited.

    You just send your footboy to the mall with a body armour. Problem solved.

    Barbados is absolutely safe as long as you live behind barbed wire.

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  • We have to circle back to the point. Do we want the executive directing the CoP and DPP? We cannot ask for change and ignore what we ask for by expecting the same behavior to drive our requests.

    https://www.theguardian.com/world/2019/feb/12/canada-veterans-affairs-minister-jody-wilson-raybould-resigns

    Like

  • How many more murders must occur before this unprecedented abnormality of ongoing crime in barbados is given rapid attention by govt
    The resources necessary should have been govt first priorty rolled out in the budget
    Instead of govt hastened approach to pacify the IMF and boast about reserves and better credit ratings
    In the meanwhile innocent citizens lives remain at high risk due to ongoing violence ig hastened ssfety measures are not put in place

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  • Oh my , OH MY !

    Murder # 20

    In a public space – Sheraton Mall !

    THIS IS THE FIFTEENTH MURDER IN BARBAFOS…..SINCE THE RETURN OF DOTTIN !!

    AND NOTICE HOW QUIET HE IS !!!!

    While Darwin Dottin – will receive a big cheque for March 2019 pay day – after being brought back to ” public office ” by Mia Mottley !

    But remember folks , this is the same Darwin Dottin that Governor General Sir Elliott Belgrave and the Guyson Mayers led Police Service Commission …….retired from the post of Police Commissioner in the “PUBLIC INTEREST ”

    What is it that the GG & PSC knew about this DOTTIN – to have taken such drastic ACTION ?

    Stop the ROTTIN !

    PLEASE …..Bajans……Fire DOTTIN !!

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  • You are such a duffus, any question why you lot suffered an unprecedented result at the poll?

    Like

  • It’s easy for you to spew your silly, generalized, political rhetoric.

    PLEASE inform BU what “safety measures” ANY political administration could “put in place” that would have prevented the shooting that occurred at Sheraton Center; or the stabbing in Silver Hill?

    I’ll bet anything you can’t provide this forum with ONE…. or even half of a solution to the recent spate in murders.

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  • Tron if you understood the ruthlessness of what occured in the mall with an intent to kill by any means necessary
    You wiukd not be talking so much sh ..it in your last comment

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  • David BU

    Yuh imbecile leh the questions about your cousin – Dottin – eat out yah .. . .AR$E !!

    The questions gine HAUNT yuh tail …..till yuh dead !!!

    Doan worry about a DEM !

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  • I am not a paid consultants in this govt. Those are to whom u should be delivering those questions
    The ruthlessness of a fearless gun man is enough for govt to stand straight and pinpoint what safety measures should be taken to protect inocent lives
    A mall of all places

    Like

  • WARU, Crazy & Unstable, Hogging the Blog

    Photos from that Sheraton shooting are horrible.

    Like

  • Why Fractured don’t tell BU what Adriel Brathwaite’s advisor received? At least we know Dottin exists. It’s this childishness that got you and your lot 30-0.

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  • Yet again there are reports of #21 in less than half hour
    Wuh this govt gonna do
    Lest we forget the invite to Parliament of a known drug dealer by Mia
    The chickens have come home to roost
    This snowball effect of violence will continue until govt gets serious about safety measures to tackle violent crime

    Like

  • SirSimpleSimonPresidentForLife

    @Fractured BLP March 21, 2019 3:14 PM “Oh my , OH MY ! Murder # 20 In a public space – Sheraton Mall! THIS IS THE FIFTEENTH MURDER IN BARBAFOS.”

    Why do you seem to rejoice at the death of someone’s son or daughter?

    This has NOTHING to do with the BLP, nor the DLP, nor with Dottin.

    However wunna MEN need to behave wunna selves, and stop killing one another.

    If I could find someway to make MEN experience labour pains, i would. Maybe then they would have respect for life.

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  • Recently I checked the “family notices” in the newspaper and saw that 3 of the recently departed were over 100 so it would be quite safe to raise the requirement age to 90. While we are at it how about those parliamentarians who after two terms are eligible for a lifetime sucking at the public trough, and those other retirees who have been brought back as ‘consultants” and Senators and are now “double dipping”.

    BTW is there any need for a full time elected H of A? Why can’t the members keep their full- time jobs and meet once a quarter at an honorarium of $25,000 per?

    Like

  • We are happy former Senator Ifill was not injured.

    Like

  • Well the fiscal enviroment is tattered and torn along with a decaying social enviroment
    A recipe for certain disaster
    Good luck barbados u would be needing all the help necessary

    Like

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