Wednesday, October 19, 2016

T&T's Incremental Income Tax of 30% on Income Above $1 Million Misguided....

Incremental Income Tax of 30% on Income Above $1 Million aka The Tax to make the Trinidad & Tobago economy even more uncomfortable for the persons who are the most productive, take the most risks, add major value and/or create the most jobs.

Apparently these same miscreants need to "pay their fair share"

Sadly budgetary policy based on class war fare and envy is now the order of the day.



P.S. these higher income earners who obviously are quite sophiticated with find find creative ways of legally avoiding the tax e.g. larger expense accounts, paid vacations, company vehicle, company housing etc.

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