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General Consumption Tax (GCT) Increases Effective January 01, 2010

12/18/09

Permalink 05:14:28 pm, by Melba
Categories: Politics, Commentary

General Consumption Tax (GCT) Increases Effective January 01, 2010

Yesterday December 17, 2009, the Minister of Finance, Mr. Audley Shaw announced in parliament that effective January 01, 2010 the General Consumption Tax (GCT) which is presently 16.5% will be increased to 17.5%. Not only will the GCT be increasing but the list of basic items subject to GCT is also expanding. GCT will also be imposed on the supply of electricity to residential premises, to the supply of sewerage disposal services, to gas tax and to cigarettes. Overall they hope to raise 21.81 billion.

 

Now, after the Prime Minister, Bruce Goldings, disclosed that there would be increases in taxes as soon as the IMF deal was in place, everyone was ‘kinda’ bracing themselves. However many of us had no idea that they would target all the basic items that the poorest in the society depend on or must use on a daily basis. Examples, salt, sugar, baking flour, eggs, patties, syrup, wheat, fresh fruits, vegetables, ground provisions onions, garlic, meat, cornmeal, sanitary towels and tampons, disposable diapers for the incontinent to name a few. Not to mention the long, long list of medical supplies, educational things, and labour related stuff which are also now included in the GCT net.

 

So once again the poor people in Jamaica get a royal whipping. At some point there will be diminishing returns from taxation and I’m sure we are very close if not there already. There is going to be a contracting effect on the economy. Crime is going to increase. Poor people can’t bear anymore. Anyway we still have the Christmas to get through. Not sure it will be merry for many but we all ‘haffi’ go be real thrifty from now on.

 

Nuff Love.

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Sister Mary Margaret

SISTER MARGARET MARY, WHO WORKS FOR A LOCAL HOME HEALTH AGENCY WAS OUT MAKING HER ROUNDS WHEN SHE RAN OUT OF GAS.

AS LUCK WOULD HAVE IT A GAS STATION WAS JUST A BLOCK AWAY.

SHE WALKED TO THE STATION TO BORROW A CAN OF GAS TO START & THEN DRIVE TO THE STATION FOR A FILL UP.

THE ATTENDANT REGRETFULLY TOLD HER THE ONLY GAS CAN HE OWNED HAD BEEN LOANED OUT BUT IF SHE WOULD WAIT, IT WAS SURE TO BE BACK SHORTLY.

SINCE THE NUN ! WAS ON THE WAY TO SEE A PATIENT SHE DECIDED NOT TO WAIT & SHE WALKED BACK TO THE CAR. AFTER LOOKING FOR SOMETHING TO FILL WITH GAS, SHE SPOTTED A BEDPAN SHE WAS TAKING TO THE PATIENT.

ALWAYS RESOURCEFUL, SHE CARRIED IT TO THE STATION & FILLED IT WITH GASOLINE, & CARRIED IT TO HER CAR.

AS SHE WAS POURING THE GAS INTO THE TANK, TWO MEN WERE WATCHING FROM ACROSS THE STREET. ONE OF THEM TURNED TO THE OTHER & SAID, "IF IT STARTS, I'M TURNING CATHOLIC".

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