Cutting taxes

[Karl]

Cutting taxes


Audley Shaw should tell us:
How and why is this government would cut taxes when they do not have enough revenue to fund social programmes and election promises? How does the reduction of stamp duty and transfer tax speed up the pace of business and related industry?

How and from where will the government recover revenue they will lose cutting transfer tax and stamp duty?

How much will this tax cut cost the government?

Instead of cutting taxes, the Government should be widening the tax base to net people in the real estate and related industries.

- Authnel Reid, authnelreid@optonline.net, Middlesex, NJ, Via Go-Jamaica

[Muadib]

Cutting taxes


Audley Shaw should tell us:
How and why is this government would cut taxes when they do not have enough revenue to fund social programmes and election promises? How does the reduction of stamp duty and transfer tax speed up the pace of business and related industry?

How and from where will the government recover revenue they will lose cutting transfer tax and stamp duty?

How much will this tax cut cost the government?

Instead of cutting taxes, the Government should be widening the tax base to net people in the real estate and related industries.

- Authnel Reid, authnelreid@optonline.net, Middlesex, NJ, Via Go-Jamaica

Authnel.. this biggah dan yuh.. juss easy yuhself, this is only for people that can see passed their nose.

'How and from where will the government recover revenue they will lose cutting transfer tax and stamp duty?'

Heh, heh.. dis breddah live in the States and ask dat question.. Farinah's.. how much stamp duty and transfer tax yuh haffi pay upfront up suh in land transactions ?

[Karl]

Authnel.. this biggah dan yuh.. juss easy yuhself, this is only for people that can see passed their nose.

'How and from where will the government recover revenue they will lose cutting transfer tax and stamp duty?'

Heh, heh.. dis breddah live in the States and ask dat question.. Farinah's.. how much stamp duty and transfer tax yuh haffi pay upfront up suh in land transactions ?

You are joking ofcourse?!

I see this as a party of repaying some who dumped money in the JLP coffers before the elections - There shall be expansion in real property portfolios of many of those who paid JLP election and other associated costs.

There will also be passing of information as to thinking on future expansions...I am also sure many of the projects the former government planned will be continued on...so the opportunities to 'cash in' i.e. 'make good on the return on bribes' will abound.

Not for one moment saying this did not also aply to the otherside...been saying so for quite sometime in my FIRST DEGREE OF SEPARATION argunements...yet, not so explicitly.

[Assasin]

unnu nuh easy. Only rich man buy property? It cut the cost of closing by 7% or so. Instead he is trying to drump up more action in the real estate market. If he was doing it for an individual he could have made it industry specific based on the industry the person is in.

[Bricktop]

How and from where will the government recover revenue they will lose cutting transfer tax and stamp duty?

Capital gains tax on land sales. Increase GCT.

[Bricktop]

Transfers are under-reported so the government isn't even getting what it should.

[Willi]

Karl,

The increase in Land taxes will more than make up for the shortfall.

The increased prices of sold property will be transparent and the taxes will be assessed on the new demonstarted market value...not on old appraised value.

[Karl]

Karl,

The increase in Land taxes will more than make up for the shortfall.

The increased prices of sold property will be transparent and the taxes will be assessed on the new demonstarted market value...not on old appraised value.

...all part of the equation!
...who do you think can best access the funds needed to make large purchases...Sass' everybody?

...who best can leverage multi-millions of dollars rapidly...Sass' everybody?

...isn't it not always to give the mass crumbs and the few a banquet!

[Gamma]

btw ... mi si di real estate people tek on one of nbc's financial anayst because him advise people not to but rel estate now.....

the market feeling it yet karl?

[Karl]

btw ... mi si di real estate people tek on one of nbc's financial anayst because him advise people not to but rel estate now.....

the market feeling it yet karl?

Large purchases are happening everyday in Ja. It appears that in my circles (sellers and buyers living outside of the island) properties are changing hands. ...expectations are high - "poised to take off"!

[Gamma]

i meant in so fl....

[Bricktop]

Large purchases are happening everyday in Ja. It appears that in my circles (sellers and buyers living outside of the island) properties are changing hands. ...expectations are high - "poised to take off"!

And they are misrepresenting the transfer price. It's an ineffective means of collecting revenue.

[Pepsi]

karl do you know that cutting taxes can be a good gesture towards investors and the Rich? yes by doing that(cut tax) the whole economy full with vibes again.Good ting dem a do.100% behind Mr Shaw fiscal management,cut di tax.

[Karl]

i meant in so fl....

Sorry!
South Florida - healthy Commercial market...stiff stone dead residential real estate market!

[Gamma]

ah....hmmmmm.