C’mon Eddy!

Inniss wants Chamber to stop criticizing and present options to the dreaded NSRL

Minister of Industry, International Business, Commerce and Small Business Development Donville Inniss wants critics of Government to present a viable option to the dreaded National Social Responsibility Levy (NSRL).

Speaking to Barbados TODAY at the weekend, the outspoken Inniss took particular issue with recent comments made by the President of the Chamber of Commerce and Industry Eddy Abed, who

reported last week that three months after the Freundel Stuart administration increased the tax from two per cent to ten per cent, Bridgetown businesses have since experienced a drastic decrease in sales, with car companies among the worst hit.

In an interview with Barbados TODAY, Abed also repeated the business community’s previously stated position that while Government had promised it would not lay off any more public servants, the jobs of private sector workers were being placed in jeopardy by the NSRL.

“Although the minister, by adding the NSRL assured that public servants won’t be going home, he has shifted that responsibility to the private sector. We are seeing many of our members in the process of about to send home staff and closing branches and downsizing. This wasn’t intended, [but] we can’t employ people with a tax so burdensome.

“From the chamber’s point of view, many of our members have also informed us that they have seen a tremendous fall-off in business. Those selling cars have said that July, August and September were the worst months for them. Sales were down 50 per cent and this has made the cost of living much higher,” the businessman explained.

However, Inniss believes it should not have come as a surprise to anyone, least of all businesspeople, that the cost of goods and services has increased.

“When the NSRL was increased in the last Budget. I think all of us, certainly I would have made it clear that [it] would have resulted in an increase in the cost of goods and services in Barbados,” he said, stressing that “all things being equal . . . any increase in taxes would result in an increase in the cost of goods and services”.

Donville Inniss and Eddy Abed

Noting that the measure was designed to dampen demand for foreign exchange and to assist in raising the necessary revenue to reduce the country’s deficit of six per cent of Gross Domestic Product, Inniss further pointed out that “some well-defined targets were outlined, and the Minister of Finance [Chris Sinckler] did indicate the amount of money he expected to collect from the levy.

“There was also an indication as to where the money will be applied,” Inniss added.

Just last week Sinckler reported that the NSRL was responsible for raking in $50 million since July with more money expected to come for the period with officials still said to be adding Value Added Tax revenue to that amount.

In defence of the NSRL, Inniss, who had initially raised concern when Sinckler had announced the tax hike back in May that the levy would result in a rise in the cost of living, has accused Abed of stating the obvious as far as the levy was concerned.

“The critics, however constructive they attempt to be, ought to be addressing what other measures can be implemented to address the issues of the deficit in Barbados, “he told Barbados TODAY, while demanding to know “what are the options?

“Quite frankly it would be a reduction in public expenditure which should mean one of the ways of doing this is to reduce the size of the public sector by extension reducing the size of the payroll,” the Minister of Commerce warned, adding that the sale of state assets and state-owned enterprises would also occur.

Inniss also weighed in briefly on the suggestion of debt restructuring, warning that it comes with consequences.

And as for Government entering into a formal arrangement with the International Monetary Fund (IMF), Inniss said: “As far as I am concerned the Government of Barbados has been engaging with the IMF for quite a while.

“They send their teams every couple of months to do the reviews, advise Government, some of the advice is taken on board,” he said.

61 Responses to C’mon Eddy!

  1. Breadfruit. October 9, 2017 at 11:41 pm

    1. Elections
    2. Elections
    3. ELECTIONS NOW!

    Reply
  2. archy perch October 9, 2017 at 11:56 pm

    The alternative is “‘GET YOU MEMBERS TO PAY UP EDDIE”. 900 MILLON owed in Vat and not a word about it from you. Parasites sucking the blood out of the economy with no shame, while talking purity. Deserve a whipping with the cat.

    Reply
    • Jennifer October 10, 2017 at 3:57 am

      This is how they NATURALLY are – without shame or a conscience. And I tell you it is not a pretense either. We got a boat load of issues in this place which seems compatible with economic break down. A bunch of blase, leechy business owners and a bunch of political/financial misfits. What a perfect storm. Mind you the small man keeps getting GRIND and pin with that wagon wheel.

      Reply
      • Jennifer October 10, 2017 at 4:15 am

        Good going to all the pocket conscious SHOPPERS, and NRSL watchers with a head. Control your spending not the spending/ NRSL controlling you. The government think they can tax their way out of this fiscal BS that both of these two lying azz political parties created. With the blind, ingrunt, hopscotch crush cow eaters in tow. Nearly 400yrs and this people still on the crush cow train and blind as pI$$. While the concessioneers and business lot getting away to save their life of usury.

        Reply
    • Leroy October 10, 2017 at 12:55 pm

      Still does not fix the FX problem.

      Reply
  3. colleta October 10, 2017 at 4:19 am

    These politicians really think all Bajans are really stupid or still sleeping after Nine years.

    Reply
    • andy g October 10, 2017 at 8:38 am

      They are not thinking so,they know so. About eighty percent of the electorate are either blp or dlp.seem like you born nine years.stop being an ite for your party and judge things on they merit.

      Reply
    • John Everatt October 10, 2017 at 1:05 pm

      C’mon Donville. Many alternatives have been suggested by qualified people through the last few years but government has listened through deaf ears. Try the low hanging fruit first like reduce government expenditure. All you politicians act like it is business as usual taking your trips all over the world flying first class, eating and dining first class and staying at first class hotels. And none of you can tell us what benefit to this country those trips have been. Then there is the wastage in the civil service. There are taxes to be collected that just sit there on the books. C’mon folks, wake up!

      Reply
  4. Duane Burke
    Duane Burke October 10, 2017 at 5:19 am

    There was and is a better way in the Deficit Committee Report. This was predicted and advised to the Government hence the March. The NSRL has fallen short by $12M or approx 20%. Thus as Charles Herbert predicted it would be Pain with No Gain. The issue with sacrificing Private Sector Jobs for Public Sector jobs is that you are taking from the producing side of the economy and giving to the non productive side. Thus if the productive side has no more to give then both the Private Sector and Public Sector jobs will be at risk, the same Public Sector jobs will be at Risk. The Deficit Committee Report dealt with this issue. There is more of a chance of Public Sector jobs being lost being absorbed into the Private Sector than the other way around. Again the Deficit Committee Report. So there was a better way which was ignored.

    Reply
  5. seagul October 10, 2017 at 5:22 am

    They continue to strip Barbados of our ‘independence’.
    Begging these international boutique hotels to come to Barbados on whatever terms they want; and fogging off the country’s state assets. How much longer shall this go on ‘working-poor’?
    Can these political parasites mindsets be changed?
    As activists we should advocate empty plantations, empty prisons, promoting literacy—history…We must stand up like Malcolm or fall forever…As I recall they said, businesses and unions should advise on economy. The private is not prepared to sit and twiddle thumbs while Rome is burning—yes Rome is burning because they lit it…..

    Reply
    • Jennifer October 10, 2017 at 6:48 am

      Well said Seagul, but not sure if this people ever had independence AT ALL. True independence is FOUGHT FOR by the bullet not the ballot. Not to mention systems upload. People don’t go and march with none of them unions aka SO’s or them business profiteers , that is a customary BS practice and a WOT which only produces dead horse results – and all of them know that too. Just take silent action and let every body suffer the pinch of that shoe. How long can a people keep being ridden.

      Reply
  6. Sheldine Dyall
    Sheldine Dyall October 10, 2017 at 5:24 am

    Mr Eddie when we the citizens asked for your support against these taxes you back down.
    Now your profits has drop you sound like sour grapes crying.
    But store all over Barbados have venture on selling the same goods as you giving us more shopping options
    .

    Reply
    • Ali Baba
      Ali Baba October 10, 2017 at 6:06 am

      SERVES HIM RIGHT, FAILING TO SUPPORT: U ENABLE

      Reply
    • Shara G.
      Shara G. October 10, 2017 at 7:11 am

      Yes, Mr. Abed should’ve been speaking out in these issues ever since.

      Reply
      • Jennifer October 10, 2017 at 9:35 am

        Mr Abed obviously did not speak out at the time as he probably thought the black majority spenders would have sat around and continue their ingrunt spending habits. He probably would not have been sincere anyway.

        Reply
  7. Carson C Cadogan October 10, 2017 at 6:00 am

    Encourage your private sector to pay their taxes and dues, this would ease the situation.

    But of course you will not do this. You are heaping blame on everyone else.

    Reply
  8. The Negrocrat October 10, 2017 at 7:37 am

    Encourage your private sector to pay their taxes and dues?
    How can they pay when the government is killing their businesses.
    Even so, the government owe them more.

    Reply
    • andy g October 10, 2017 at 8:52 am

      negrocat.did you just wake up.What a shame to see you folks who should be so educated getting on like this financial issue just started.previous goverments allow the private sector to get away with not paying up they taxes .Why you think the last administration started to sell off public assets? to propped up the dwingling ecomomy

      Reply
    • Carson C Cadogan October 10, 2017 at 12:13 pm

      Just before the 2013 elections the private sector said that the Govt. owed them $43million.

      At that time the private sector owed Govt. $550million. And it has been growing ever since.

      Something is wrong with your Maths. You need a refresher course.

      Reply
  9. MARIA Holder October 10, 2017 at 8:07 am

    You all keep calling for the private sector to pay their taxes but in too many cases BRA owes more to some of them individually than they owe BRA. Previously, when VAT was operating solo, setoff were allowed. The Revenue Commissioners hates to pay refunds and refuses to set off these accounts and no one has the balls to deal with the matter.

    I have to pay land tax right now or I will be penalised but yet the BRA owes me thousands in Income tax refunds and I have no recourse. There is no fairness where this government is concerned. One woman making up the rules from day to day and neither the Minister nor the Board will do anything about it. Do you all wonder why people are taking up arms.

    Offset the VAT/Corporation Tax or pay business persons what is due to them

    Reply
  10. Ernesta Catlyn October 10, 2017 at 8:14 am

    I agree with you Maria. Single handedly the DLP by refusing to refund the tax owed to business persons has my job in jeopardy. More VAT is owed to my work place than my workplace owes in VAt and we have been trying unsuccessfully from the time BRA was set up to get it offset. The system automatically did this previously. You send letters, you call but everything, according to staff, begins and ends with the Revenue Commissioner. So you get no response to the request.

    How are small businesses to survive. Government trying to keep public officers employed until elections and in the meantime persons in the private sector going home.

    Reply
  11. Sue Donym October 10, 2017 at 9:18 am

    Well, well, well. With all their educated staff and resources, others have to bring the options? How about gov’t telling us what were the options they considered, rather than the tired old song of taxes or massive job cuts?

    For a start, don’t grovel to hotels and airlines just to boast of their presence. What’s really in it for us if there’s no net benefit to our economy – goodwill can only take us so far.

    If you’ve set out to dampen the desire for foreign exchange, you’re essentially guaranteeing the contraction of the economy, as so many of our businesses depend on FX transactions. If you’ve not encouraged entrepreneurship, easy ways to start and sustain business nor demonstrated stability in a way that inspires confidence, how will other sectors of business flourish? What should investors think if they believe that gov’t doesn’t understand their challenges and won’t appreciate them beyond being a source of tax revenue?

    How about shifting staff to reflect the departmental needs, as opposed to the imbalance of obviously overstaffed areas while somewhere else is dreadfully understaffed? Oh yes, there’s always some union that will resist efficiency. Make those decisions and get on with it.

    There’s so much room and so much reason for the administration to get creative. Certainly can’t be much worse than what’s happening now!

    Reply
    • Sue Donym October 10, 2017 at 9:23 am

      Do we even need to start on the many areas of misspending, mismanagement and lack of accounting as revealed by the Auditor General each reporting period?

      Reply
      • Carson C Cadogan October 10, 2017 at 12:20 pm

        The Auditor General didn’t start talking about “”misspending, mismanagement and lack of accounting”” only since 2008.

        I never heard you complain about such when the Bees were in power as they like to call it.

        Reply
        • Sue Donym October 10, 2017 at 1:11 pm

          1. I came on this forum about two years ago so if I spoke about it you would not know.
          2. Should we only speak about misspending and mismanagement NOW if we spoke about it before?
          Please feel free to reply when you have a point worth responding to.

          Reply
  12. Donild Trimp October 10, 2017 at 9:44 am

    @ Maria Holder
    @ Ernesta Catlyn
    You all are still living with the entitlement mentality.

    In a democratic society you do not hold the Gov’t hostage by refusing to pay your taxes until the Gov’t sends you a refund or “offset the VAT/Corporation Tax”.

    You people are delusional. That is not how it works in the real world.

    Reply
    • The Negrocrat October 10, 2017 at 9:59 am

      You are either a yard-fowl, a politician, an idiot or all of those rolled into one.

      Reply
      • Carson C Cadogan October 10, 2017 at 12:21 pm

        I think that you are the IDIOT.

        Reply
    • Ernesta Catlyn October 10, 2017 at 1:09 pm

      Party faithfuls represent the reason why, I am sure the powers that be felt compelled to discontinue free education. If you were a recipient, my point is validated

      In a democratic society and in the real world the companies are not holding government hostage, the companies simply cannot pay. How can you owe me $10 and I owe you $2 and I have to take up the last $2 I have to pay you and have no idea when you will give me what is owed to me. THERE IS NOTHING PRINCIPLED, ETHICAL, HONEST, MORAL OR HUMANE ABOUT THAT.

      Reply
  13. lester October 10, 2017 at 9:53 am

    Black politicians are just like our colonial masters, dangle carrot mentality. why you think they are called the PRIVATE SECTOR? ALL that they do is most of the times PRIVATE. they rake in millions of dollars and always complaining

    Reply
    • Jennifer October 10, 2017 at 10:25 am

      @Lester – Well said. That is because they have been CLONED (So they will behave and think similar) and this is a BASIC FACT that this people CANNOT comprehend. If they can bag this fact then they will begin to see some light.

      Reply
  14. The Negrocrat October 10, 2017 at 9:57 am

    Andy G, your are obviously a yard fowl. You are picking out your feathers over the truth.

    Reply
  15. Darson October 10, 2017 at 10:13 am

    Negrocrat : They can pay, by their own admission they stock pile goods to off set the expected tax , questions for you ? do you believe they are selling those goods at old NSRL rate of 2%
    Do you believe this is the only way they are trying to avoid taxes
    if they are rolling a working Capitol at 50% working Expence and the imports keep growing and the foreign reserves keep dropping ,do you not see they are skimming to avoid taxation on capitol gain. This is what they said on Brasstacks last sunday
    They said they make a20 % Government ask for 8 Cents more on the Dollar , bear in mind Government purchase some of these goods as well, they dont give them discount

    Reply
  16. straight talk October 10, 2017 at 10:40 am

    Donville Inniss was not in agreement with the NSRL when it was introduce, but from thee he hear thee tax rake $50 million he mout change.

    Reply
    • charjoy October 10, 2017 at 3:34 pm

      he nasty so

      Reply
  17. Donild Trimp October 10, 2017 at 11:38 am

    @ The Negrocrat –
    I do not usually respond to ignoramuses like you but on this occasion I will, seeing that you intelligence equals that of a gnat.

    Three traits: honesty, integrity and common sense.

    When you have those traits, you can be whoever you want to be for the right reasons. I do not have to be a boot-licker or a yard-fowl like you.

    When I see nonsense and stupidity, I point it out. I don’t care who it is coming from.

    When I see a person using rational thought, logic and common sense to address issues, I applaud them, once again, I don’t care who it is coming from.

    It is people like you with limited intellect who inject nonsense into the political discussion that worries me.

    I am with the people and I am for the people who put forward issues and policies that is to the benefit and not the detriment of Barbadians.

    You as a “negrocrat”, is in the latter so I have no desire to engage you any further in this discussion.

    Reply
    • Donild Trimp October 10, 2017 at 11:40 am

      *your intelligence equals

      Reply
      • Hewers of wood October 10, 2017 at 12:33 pm

        The Negrotwat is more like it.

        Reply
      • hcalndre October 10, 2017 at 7:21 pm

        @Donild Trimp; Would you say that for 9 1/2 years of DEM., have they shown any of the three traits you`re accusing the Negrocrat of not having. Honesty, Integrity, Common sense.

        Reply
  18. luther thorne October 10, 2017 at 11:40 am

    There is a school of thought that paying outstanding taxes or any taxes at all that the money will still be mis- spent or at worst ” get Tief’

    Reply
  19. Philippa Joseph
    Philippa Joseph October 10, 2017 at 11:46 am

    Sheldine Dyall I agree with you of all persons he should be the last to speak. Eddy memory short

    Reply
  20. Carson C Cadogan October 10, 2017 at 12:24 pm

    These white business people must be made to pay their taxes.

    Not only BLACK people.

    Reply
  21. Saga Boy October 10, 2017 at 12:39 pm

    Its time to wake up and start working together. The country is not making enough money so that gov can pay employees and social services. The private sector has too many parasites who use up the foreign currency without earning any. They only know how to buy and sell and refuse to take risks by getting more involved in manufacturing. We have to stop importing so much food as well and support local agriculture. Both BLP and DLP will be faced with these challenges. No amount of name calling and insults will help us out the current situation. We need to work together as a a team.

    Reply
    • hcalndre October 10, 2017 at 8:01 pm

      @Saga Boy; the DEMS have refused to work with any other than they own and you`ll keep asking for people for ideas, when time after time the PM said that they have people within the party that is more than qualified to get things done. Nine years have gone and they have nothing to show, if they did, why would you be asking for help now?

      Reply
  22. MARIA Holder October 10, 2017 at 12:53 pm

    Carson C and Donald Trimp, blacks dont pay their taxes either and I can list them – don’t get tme started.

    No entitlement mentality, The BRA is to be guided by the relevant taxes. The PM, Carson and the whole set of MPs think the law is only to be applied when Ministers hold on to their client’s money. The relevant Acts speaks to the payment of refunds etc.

    Why is it that if a pay late the is an automatic late fee applied or relevant penalties but if they pay me late there is no automatic attachment of interest – why do I have to write BRA for my interest. As I said earlier there is no recourse in this country for wrong-doing. NOTHING IS FOREVER AND; the day always come when the shoe is on the other foot. If money could buy life or health nuff people would still be walking around

    Reply
  23. MARIA Holder October 10, 2017 at 1:02 pm

    Carson C Cadogan
    October 10, 2017 at 12:20 pm
    The Auditor General didn’t start talking about “”misspending, mismanagement and lack of accounting”” only since 2008.

    This is true Carson but the electorate punished them for the perceived mismanagement. I hope they do the same to you lot.

    You can speak to what the Auditor General reported before 2008 and then that was a good department reporting the truth. But from 2008 onward the reports, as far as you wild boys are concerned, are all lies. It is the same Auditor General and there has been no significant change in the staff, from what I am told. How puerile!

    Reply
    • Carson C Cadogan October 10, 2017 at 7:37 pm

      I think that you have problems understanding what you read in the Auditor General’s reports.

      Reply
    • Carson C Cadogan October 10, 2017 at 7:38 pm

      Your lot need to pay their taxes.

      Your free ride is over.

      Reply
      • hcalndre October 11, 2017 at 1:28 am

        @Carson C Cadogan; are you an apologist for this inept, tax hustling DEMS. The MOFailure is taxing the same people every time from their same paycheck. Here is one eg, a person making $40. 000 per year, paying $1.000 per month rent on a 1 or 2 year lease, after the lease is out, they will have to renew the lease or find some where else, so they renew the lease at what ever % for another 2 or 3 years on the same salary, is that good enough when for 9 years you have not gotten an increase on your salary and what about the other things that the prices are going up every day.

        Reply
        • Carson C Cadogan October 11, 2017 at 11:53 am

          The private sector need to pay their dues. Like the rest of us.

          Why should only BLACK people be paying their taxes.

          Reply
  24. Milli Watt October 10, 2017 at 1:45 pm

    this clown don’t miss a chance to be in the news

    Reply
  25. Donild Trimp October 10, 2017 at 1:50 pm

    @ Maria Holder –
    “Why is it that if a pay late the is an automatic late fee applied or relevant penalties but if they pay me late there is no automatic attachment of interest”

    I can see you are lost so I will forgive your ignorance.

    The question you asked is applied under the same principle throughout the world.

    Why should Barbados be different? What is so special about tax evading Barbadians that the Gov’t should give them a pass on this issue?

    Don’t that convey a message of entitlement to you?

    If in your mind it is not entitlement, then it is downright dishonesty.

    Try moving to NY, Toronto, the UK, Australia or NZ and stop paying your taxes and see what happens. I mentioned those countries for a specific reason. Put two and two together and you would get the reason why.

    You people are a bunch of dishonest tax evaders.

    Reply
    • hcalndre October 11, 2017 at 1:49 am

      @Donild Trimp; I like how you mention these places, not taking into account that these places, people can count on their tax returns to pay or buy something, while in Barbados your tax return is nothing you can depend on and why didn`t you say that they in NY they put plenty of politicians in jail and leave them broke for hiding and not paying taxes on their assets. Remember a man call Madoff, he was not a politician but he is in jail, he is approx. 80 years old and was given over 100 years sentence.

      Reply
  26. MARIA Holder October 10, 2017 at 3:38 pm

    No I will not try moving anywhere. I pay my taxes. I live here and the Income Tax Acts speaks to my refund being paid by October of the year following when the taxes were withheld. It also speaks to the payment of interest at 1% from the time this refund is not repaid BY THE DEADLINE. Legally and honestly, the BRA system should automatically start to add interest from the first day of November. Income years 2013, 2014, 2015 and 2016 refunds still outstanding for so many taxpayers and you dare speak to dishonesty.
    A refund means that the government withheld too much of my income – there should be no delay or complication about making me right. Government filled with lawyers who should well know that the law is there to make you whole – not better, not worst – but WHOLE.

    Additionally, when it suits you people, you refer to the cosmopolitan countries but when the entities associated with these same countries downgrade Barbados, it is a whole different story. Stop the hypocrisy!

    Reply
  27. MARIA Holder October 10, 2017 at 3:43 pm

    I agree 100% that persons should pay their taxes but the Government should also honour their obligations. Why don’t you speak to the report from the Auditor General that what the BRA has refunded is way less that what was given for the payment of refunds from the Consolidated Fund? Who dishonest and who wicked?

    Reply
  28. 3rdsun October 10, 2017 at 5:18 pm

    DLP yard fowls all got in here looking for scrapes. Frundel ain got nutten fuh wunna doh

    Reply
  29. Carson C Cadogan October 10, 2017 at 7:47 pm

    This is the biggest problem Barbados has. A private sector which is only A BUY AND SELL entity. They are visionless, permeated by the PLANTATION class.

    The Barbados private sector is the laughing stock of the Caribbean. Many years ago I remember some Trinidadian business men making laughing sport at the Barbados private sector. It was around the time that Carib Express collapsed. The Trinidadian business men said , “well that should be no problem for the Bajans, they now have a big counter at the Airport where they can do what they do best, buy and sell from it””. And that was years ago. Nothing much has changed since then.

    Reply
    • MARIA Holder October 10, 2017 at 8:34 pm

      I agree with you 100% but the politicians got them so. All the so call big name business men around here past and present must rely on a government guarantee to get things done and successive government, including this one has allowed it . You know why? because there is always something in it for the politician
      What has added salt to the wound, is the fact that this administration has no vision either and if they have one for nine years they have not shared it with their constituents

      Reply
      • Carson C Cadogan October 11, 2017 at 11:39 am

        Well, I agree with you up to line 4.

        Reply
    • hcalndre October 11, 2017 at 1:59 am

      @C C Cadogan; Is Barbados a free enterprise? as you can see the DEMS can`t get the government run, why not give it to the private sector, then Stuart and his “16” can go and live happily after in their mansions.

      Reply
      • Carson C Cadogan October 11, 2017 at 11:37 am

        Which private sector are you referring to?

        You cant be meaning the Barbados private sector?

        Reply

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