Tag Archive for 'Property Tax'

Prakash warns: Property tax can be a ‘debt burden’

By Richardson Dhalai
January 11, 2016 – newsday.co.tt

HouseTHE succesfully lobbied to “Axe the Tax” now Congress of the People political leader Prakash Ramadar is warning that the proposed Property Tax of the current People’s National Movement administration can transform an inheritance to a “debt burden.” Ramadhar was speaking at the COP’s first post-national council press conference for 2016 at the party’s Operations Centre in Charlieville.
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Clarify property tax

Newsday Editorial
August 25 2015 – newsday.co.tt

HouseUNFORTUNATELY all of the barbs being exchanged in relation to the question of a proposed property tax have distracted us from the deeper question: what is the policy of both of the major parties on the imposition of taxes on property assets generally? The property tax was a proposal of the last PNM administration and it would have introduced a brand new regime of taxation which would be tied to the rental and taxable values of property.
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Briefing on the Property Tax

By Stephen Kangal
September 27, 2013

Current Status of Property Tax Legislation

Stephen KangalAt present there are no laws in our statute books empowering the state to demand and collect property taxes except Act No.17 of 2009 that amended the Valuation of Land Act and Act No.18 of 1969 (The Valuation of Land Act). Those other pre-2010 laws have been repealed by the passing and promulgation of Act 18 of 2009. The Laws repealed at the end of 2009 were:
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There’s is No Solace in the Land and Building Taxes Regime

By Stephen Kangal
September 11, 2013

Stephen KangalThe heart and soul, indeed the single most important determining factor in the calculation of the quantum of property taxation for each property is the year in which the requisite rental value -driven valuation was completed and applied. Finance Minister Larry Howai alluded to the fact that by the time residential properties are brought to book again by 2017 the relevant requisite up-to-date valuations will have been completed.
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Alleyne Must Curb Fixation For Property Taxation

By Stephen Kangal
February 27, 2012

Author with Dr. Navi Muradali in Harris Promenade

Author with Dr. Navi Muradali in Harris Promenade

Newsday’s prime space columnist, George Alleyne continues to base his mistake-prone obsession on misleading argumentation for the re- imposition of property taxation (Newsday 1 Feb) when it is patently obvious that during the current economic down-turn, Government can and should stimulate consumer confidence and spending power by leaving as much resources in consumer hands and not in the coffers of Government.
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Where are they now?

Karen Nunez-Tesheira and PM Patrick Manning

Karen Nunez-Tesheira and PM Patrick Manning

By Dana Seetahal
August 27, 2010 – trinidadexpress.com

It is now three months since the People’s Partnership won the general election and, understandably, the focus has been on how it is performing and whether it is capable of keeping its election promises. My take is still that it is too early to make any real assessment as the Government is still settling in; six months might be a more reasonable time. Meanwhile, I believe this is a good time to look back and assess why the last Government lost power. There might be lessons there that could prove useful to not only the current Government but anyone in politics.
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Tourism, Culture and Decentralization

By Derren Joseph
June 24, 2010

Maracas BayToday I continue from last week’s exploration of tourism as a key component in our diversification thrust. There are three points to be made – there is a nexus between tourism and culture, domestic tourism is critical and greater decentralization which empowers communities to develop and implement local development plans are necessary.
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Time For Change

PM Patrick Manning and Opposition Leader Kamla Persad-Bissessar

PNM Patrick Manning vs UNC Kamla Persad-Bissessar

By Ras Tyehimba
May 22, 2010

I am convinced that for the good of the country the present Manning-led PNM administration needs to go. To this end, I agree with the points expressed in this article, Election 2010: An Opportunity for Change.

My view is simple – the present Manning-led government is just too arrogant, dishonest and squandering to be rewarded with another term in office. The corruption under the PNM invokes memories of the infamous John O’Halloran, and in my view, surpasses that of the UNC while they were in office. The Manning-led government has presided over mass squandermania while expecting the public to pay for their excesses through such initiatives as the Property Tax Bill.
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No New Property Tax

Karen Nunez-Tesheira and PM Patrick Manning

Karen Nunez-Tesheira and PM Patrick Manning

THE EDITOR: I acknowledge that taxes must be paid and sometimes increased in order to maintain and develop the society. Any government could point to all they ‘did for the people’ with our taxes and natural resources dollars, but I am sure if people scrutinize the projects we would find corruption as the underlying reason they bought into many ideas or chose certain companies to work with. Ever so often, a case will get the attention of the wider public.
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Sleepless over Property Tax

Karen Nunez-Tesheira and PM Patrick Manning

Karen Nunez-Tesheira and PM Patrick Manning

THE EDITOR: I am a small businessman running a corner shop from a small place underneath my house. When election called, I was hoping that there would have been much talk about property tax but what I am hearing is a very little. The new tax is a very worrisome proposal. I am about to finish paying my mortgage in the next two years. My wife and I working hard, let go all luxuries, saved money, cent by cent to pay up mortgage in 20 years.
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