Minister : Business people upbeat after VAT reduction

Minister in the Ministry of Finance, Doctor Ubaldus Raymond has asserted that a reduction in the Value Added Tax (VAT) from 15 to 12.5 percent was ‘gladly accepted’ by members of the public.

Saint Lucia in February this year announced the VAT reduction.

“Speaking with some consumers and even some merchants, especially in the supermarkets, they have seen an increase in the demand for their goods,” Raymond told reporters Thursday.

He asserted that with lower prices there would be increased demand and purchases.

Raymond declared that there is a heightened confidence among merchants in Saint Lucia.

“Clearly, there is a sign of happiness – there is upbeat in the business sector,” the minister told reporters.

He made reference to the last business survey here which he said indicated that the local business sector is happy with what is going on in Saint Lucia and the various strategies and policies undertaken by the United Workers Party (UWP) administration.

19 Comments

  1. Anonymous
    September 14, 2017 at 2:20 pm Reply

    I live in a different country I am sure.

    1. Anonymous
      September 14, 2017 at 2:42 pm Reply

      Lol ikr

  2. Anonymous
    September 14, 2017 at 2:25 pm Reply

    really ?

  3. Anonymous
    September 14, 2017 at 2:30 pm Reply

    You again minister of jock. Why don’t they question u about tips on masturbation and techniques on how to jock since u are so qualified in that field.

  4. Anonymous
    September 14, 2017 at 2:33 pm Reply

    No price of everything gone Up😨

  5. Anonymous
    September 14, 2017 at 2:40 pm Reply

    are u serious

  6. Basoo Dee
    September 14, 2017 at 2:56 pm Reply

    Some in the private sector must be happy with the Vat reduction. Prices have not been reduced so it’s a windfall for them. In the meantime there is no management of merchant margins so consumers have no benefits in this policy move.

    Further, consumers are significantly disadvantaged as a result of reduction of Govt revenue. So our roads remain in a state of disrepair, schools dilapidated, other programs under funded, while the private sector makes profits. The sandals tax right off compounds the problem. The govt has no clue of how get out of this mess it has weaved.

    1. Anonymous
      September 14, 2017 at 4:13 pm Reply

      While the salaries of their employees remain the same, mothers are unable to eat after feeding their kids nor are they able to pay rent.

  7. Anonymous
    September 14, 2017 at 3:21 pm Reply

    Let’s not forget! This man has no moral competency to occupy his present position as a Minister. Hardly anyone believes anything emanating from his mouth as his credibility is dangerously dangling near zero. He should be relentlessly regarded with disdain for his loathsome behavior. Torrential amounts of condemnation should rain down on this depraved man.

    Vibz

    1. Anonymous
      September 14, 2017 at 5:50 pm Reply

      If you looking for moral people in politics you are looking in the wrong place.

  8. Anonymous
    September 14, 2017 at 3:42 pm Reply

    Of course businesses will be happy: their margins are up while prices either remain the same or go up. The rich get richer and the poor poorer. Ubaldus knows better but he is caught in the lie and needs to keep on lying.

  9. Anonymous
    September 14, 2017 at 3:58 pm Reply

    Of course Business owners(rich people) are happy because their income has increase by 2.5% while none of the reduction has reached the consumers(poor people).

  10. Anonymous
    September 14, 2017 at 4:25 pm Reply

    Like seriously? Which customers are happy? This must be fake news I’m reading! The prices at the supermarket has gone way up and yet still you are taking about people being happy? I guess the only ones that are happy are the business places and yourself and colleagues likewise. Choops tan!

  11. Anonymous
    September 14, 2017 at 7:32 pm Reply

    i agree with u minister…the business place arw happy ..and for sure the consumers r crying ..the price of things remains the same …may b to put i your pucket mini star

  12. Anonymous
    September 14, 2017 at 8:03 pm Reply

    Ubaldus go and masturbate like u accustom of doing, and stop the lies, minister of jock.

  13. Logics
    September 14, 2017 at 10:47 pm Reply

    Well they reduces vat and prices remained the same so lest goes to the goverment so the businesses then make money… …the common man will no benefit

  14. Anonymous
    September 15, 2017 at 4:27 pm Reply

    Really? We happy for what exactly. Gas prices went right up. Said the hairy malfet man. And the other trump wanabe shaking his tail for his father.

  15. Anonymous
    September 17, 2017 at 9:42 am Reply

    Yh sandals reaping off the ppl of this country no tips when the salary is small the place flooded with Jamaicans no unions they treat ppl like crap st. Lucia I mean st. Butch wake up them political leaders are not for us red nor yellow

  16. Anonymous
    October 6, 2017 at 2:23 am Reply

    Using the Code Trading System method is the easiest way to trade oil. It’s good and I earn with it really well. To learn more Google Code Trading System.

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