Govt has bad timing, says Abed

A leading Bridgetown businessman sees any additional tax at this time as a further imposition on business.

Managing director of S Abed & Co. Ltd., Edward “Eddy” Abed issued this warning today during an interview with Barbados TODAY as private citizens and corporate Barbados reacted to Government’s new Municipal Solid Waste Tax.

Arguing that the new tax comes at a time when revenues were down, Abed said: “Any additional tax at this time is a further imposition to business”.

“. . . [we] were down last year and also the previous year. Although we are knowledgeable as to why the tax is being raised, we would have preferred to have more time to pay it,” he said.

”Giving us a deadline of July 28, we find very unreasonable. Even if we were given an additional six months to pay the full amount by December when our cashflow would have been more positive would have greatly helped our trade,” Abed added.

While declining to give the exact amount of tax his company has to pay, Abed said: “We are somewhere under $10,000.”

Asked if the new tax could mean that customers would have to pay more for the goods being sold at the Swan Street store, Abed said: “We cannot increase the price of the items currently being sold at the store. We have to absorb the tax. All of the goods we sell, customers can do without. We at Abeds are fighting like everyone else out there for whatever disposable is out there.

“Trying to raise prices at this time will not work in our favour. Under these circumstances we will have to absorb the tax.”

 

10 Responses to Govt has bad timing, says Abed

  1. Edwards Swindley
    Edwards Swindley July 8, 2014 at 8:58 am

    I LIVED OUTSIDE OF BARBADOS FOR MORE THAN 40 YEARS & I NEVER SAW A GOVERNMENT IMPOSE FINANCIAL DEMANDS ON ITS CITIZENS “immediately” TOTALING THOUSANDS.
    THREE EARDED DEGREES DID NOT LEAD ME TO SEE THE LIKE OF JONES IN HISTORY, SCIENCE OR BIOLOGY.
    CITY UNIVERSITY OF NEW YORK CHARGED STUDENTS FOR THE FIRST TIME IN 1975 . $35.00. THE TUITION AT THAT INSTITUTION IS NOT $5,000 PER YEAR .

    Reply
  2. Margaret Lorde
    Margaret Lorde July 8, 2014 at 9:22 am

    How come I see and then u see and the DLP couldn’t see? That the tax they imposing on we Bajans is only causing nuff commotion! (Sung to the tune of an old calypso about the ncf)

    Reply
  3. Ryan Bartlett
    Ryan Bartlett July 8, 2014 at 9:46 am

    The world is watching as this DLP regime totally dismantles the barbados economy!

    Reply
    • Ryan Bayne
      Ryan Bayne July 8, 2014 at 2:34 pm

      I know Rev. Al Sharpton from Politics Nation in the USA will be watching as well as Freundel trying so hard to be the dark-skinned Obama.

      Reply
  4. Cheryl Maynard
    Cheryl Maynard July 8, 2014 at 9:56 am

    Please explain to me what this tax is for and who has to pay it….

    Reply
  5. Lorna Watson Deukett
    Lorna Watson Deukett July 8, 2014 at 10:50 am

    in all reality this tax is so that we can bolster a broke Government who didn’t have the backbone to call it additional land tax so DEM give it a fancy name that we all will be paying for.

    Reply
  6. Heather Cole
    Heather Cole July 8, 2014 at 2:08 pm

    Do not pay they CANNOT take everyone to court.

    Reply
  7. Edwards Swindley
    Edwards Swindley July 8, 2014 at 2:15 pm

    THE ITALIAN PRIME MINISTER ORDERED THE COUNTRY TO SELL 10% OF ALL VEHICLES OWNED BY THE STATE. THE BARBADOS GOVERNMENT OWN MORE SUV’S THAN THE CITY OF NY LITERALLY. DAILY I SEE VEHICLES OWNED BY THE STATE OF BARBADOS DRIVING UP & DOWN BROAD STREET.
    I SERVED IN THE US ARMY & NEVER SAW MILITARY VEHICLES IN PUBLIC MORE THAN 5 TIMES.
    STEWART IS THE BLIND CAT LEADING BLACK PEOPLE DOWN BLACK ROCK.

    Reply
  8. Edwards Swindley
    Edwards Swindley July 8, 2014 at 2:18 pm

    CAPTAIN THE SHIP SUNK START SWIMMING.

    Reply
  9. Ryan Bayne
    Ryan Bayne July 8, 2014 at 2:32 pm

    This is pure madness and bellyhurt to the whole Bajan community. All the Government doing is taxing, taxing, taxing to satisfy their greed.

    Reply

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