Raymond hails VAT reduction

Raymond hails VAT reduction

Minister in the Ministry of Finance, Doctor Ubaldus Raymond, has told reporters that based on his own discussions with consumers and merchants, a recent reduction in the rate of Value Added Tax (VAT) has been welcomed by consumers and merchants.

The minister said he was not aware of reports of price gouging , adding that the division in the Ministry of Commerce that deals the issue of controlled prices has not raised that issue with the Ministry of Finance.

“I have done my own discussions with individuals, especially consumers and merchants and  they have said that they believe because of the lower prices, there has been some increase in economic activity,” Raymond said.

The minister said people are excited because they are no longer paying the 15 percent on VAT but 12.5 percent.

“I think it is a very exciting time for both merchants and consumers,” Raymond declared.

He told reporters that both sectors are looking forward to even further decreases in VAT in the future.

In November last year, Prime Minister, Allen Chastanet,  announced a reduction in the standard  VAT rate from the standard 15 percent to 12.5 percent.

The reduction in VAT took effect on February 1, 2017.

The Prime Minister said that as a result of the measure,  an estimated  52.5 million dollars a year will be  pumped back into the hands of the people of this country.

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20 Comments

  1. Anonymous
    March 1, 2017 at 2:04 pm Reply

    Raymond commenting?? Shameless

    1. Kim
      March 1, 2017 at 2:25 pm Reply

      Why? He is the minister for finance in the prime minister’s office. As such he has the right and authority to talk on the issue. Don’t you think?

  2. Sad-But-True
    March 1, 2017 at 2:34 pm Reply

    Raymond, chien San honte!

    1. HornyLucian
      March 1, 2017 at 2:57 pm Reply

      You wild.

      Wyd doh ?

    2. concerned citizen
      March 1, 2017 at 3:47 pm Reply

      You’re a dumb donkey. The man made an excusable mistake or indulgence but he is good at his work. If he’s a dog a damn economically smart one. More than someone can say about your dumb as2. I’m happy someone (him) is doing the ground work to get feedback.

      1. Vibz
        March 1, 2017 at 7:18 pm Reply

        Dr. Raymond is morally and ethically challenged. Not dismissing Dr. Raymond from government gives him an unfettered license to expose himself to barely legal females. Dr. Raymond will never resign from government of his own volition as he suffers from incurable arrogance. However I like the term “excusable mistake “. It’s used as a euphemism for ‘outrageous behavior ‘.

      2. Anonymous
        March 2, 2017 at 10:39 am Reply

        Sir, you are not expressing as a smarter DONKEY your self.
        Please think before you text..

    3. Anonymous
      March 1, 2017 at 4:40 pm Reply

      You something else my first laugh for the day

  3. Anonymous
    March 1, 2017 at 3:37 pm Reply

    It’s takes a dog too know a dog.

  4. Anonymous
    March 1, 2017 at 3:45 pm Reply

    Some of you that just dont have nothing to say how he is a dog you should be a shame to call raymond a dog no respect

  5. no name
    March 1, 2017 at 3:50 pm Reply

    Raymond has no choice . Alan is his boss so what he says goes Raymond is worth nothing but so does st.lucia worth nothing so happy its not where i come from.

    1. 666
      March 1, 2017 at 4:00 pm Reply

      If Saint Lucia is worth nothing, then why waste your time commenting about nothing?

      1. Anonymous
        March 1, 2017 at 4:15 pm Reply

        Excellent point triple 6….

  6. 666
    March 1, 2017 at 3:57 pm Reply

    He’s lost all credibility!

  7. Anonymous
    March 1, 2017 at 4:04 pm Reply

    Some of U who make dirty comments about Raymond have more dirty linen in your closets than him. Examine yourself in the mirror before u make your comments. God is not asleep. Yours may be in the dark before people but not before your ultimate judge GOD.

  8. No name
    March 1, 2017 at 4:06 pm Reply

    st.lucia I say is worth nothing because how can Alan as Prime Minister not understsnd that he is failing the youth then what is it worth

  9. Terence Joseph
    March 1, 2017 at 11:49 pm Reply

    You all that keep throwing stones at the man live you just has not been caught has yet.

  10. Country FIRST
    March 2, 2017 at 9:07 am Reply

    This is a subjective statement and is not founded in verifiable fact. Should there not be tangible statistics to provide support whether or not there is an increase in economic activity? That being said one month is not a sufficient passage of time to ascertain that the reduction in VAT is the main factor behind an increase in economic activity even if that were the case.

    That being said this news article has no bearing as I do not believe Dr. Raymond and the UWP Government at large would indicate that their own initiative is unsuccessful. Neither do I expect the opposition to suggest that the measure is successful. This is one of the main issues with our politics today.

    We need standalone bodies with the appropriate expertise to present their views on the effectiveness of various policies. We as a populace also need to adjust our thinking to appreciate that simply because one supports a policy change does not make them a government supporter and vice versa.

    After all the government is for all of us and their collective success/failure impacts us all!

  11. Anonymous
    March 2, 2017 at 9:41 am Reply

    He must be referring to business owners because only cents was was
    deducted and which is not in the benefit of the poor man. And nice worker are on their way out,so of course, he will be looking to decrease vat further. There are stores which have increase the prices of items,I have notice that. I remember buying toothpaste, cream,etc for a certain price until the announcement of vat deduction which caused the price of these items to elevate…especially in vieux fort.

  12. Bob
    March 9, 2017 at 11:27 pm Reply

    RIGHT 2 and 1/2% woopie this is good ..BUT REMBER THE SUPERMARKETS RAISED EVERYTHING IN HER STORES BY 3 % ..if 2 and 1/2 % IS 52 MILLION WHERE IS THE OTHER MONEY GOING WE ARE TALKING A BILLION OVER THE PAST 4 YEARS…WAKE UP..

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