By Stephen Kangal
September 17, 2009
Trinidad and Tobago News Blog
www.trinidadandtobagonews.com/blog
I am now becoming increasingly convinced that the proposed draconian property tax is conceived to defray most of the estimated $7bn budget deficit in the face of an aggressive attempt by Government to bring all residences including those of the new HDC settlements, agricultural lands including the Caroni two-acre farms and new business places into the new, punitive tax net. One will recall the hike in the price of premium gas last fiscal to cover the costs of the $500m Summit of the Americas. CHOGM is next.
Continue reading Property Tax Can Off-Set $7bn Budget Deficit
A self-imposed media embargo seems to have overtaken Minister Colm Imbert lately on the tenuous fate of his TRRP. This prognosis has been reinforced by the negative and depressing body language that he displayed while communicating to the press at Whitehall on the Interchange. I am coming to the intuitive conclusion that Cabinet seems to have ordered secretly a pre-emptive moratorium against the TRRP, in an election year, to avoid any further disastrous fallout from another major reversal and embarrassment while the wounds inflicted by the Chatham debacle are still fresh, politically painful and electorally threatening.