Hike in trade permit fee ridiculous
THE EDITOR, Sir:
I write to you in order to air my grievances in regard to the new tax increases and licensing increases.
The trade licence has been increased from $5,000 to $75,000 per year. That's a 1,500 per cent increase! Absolutely ridiculous!
If you went to Burger King for a burger and paid $300 and the next week you went only to find out that it costs $4,500, would you buy it? No, I don't think so. So what makes the Government think we want to 'buy' a trade licence with a 1,500 per cent increase?
People will just go underground or close their businesses, putting people out of work. Then you will collect far less tax.
If you earn less than $45,000 per month, the licence fee remains the same, but even a small business would need to earn more than that to stay alive! So, basically, they have increased everyone! With no warning, I might add.
When I called the tax office, I was told it was gazetted on March 31 and implemented on April 1. Is that even legal? I saw no notice in the paper, I received no notice by mail or email or bearer, whether by word of mouth or letter. And, I might add, no one I have spoken to was even aware it was being increased.
One wonders if the Government wants any small business to survive. For example, let me list the licences and taxes to pay if you run or own a restaurant.
n Health licence/food establishment - $5,000
n Tavern licence to sell alcoholic beverages - $5,000
n Music licence - $3,000
n Fire licence (depending on size) - $8,500
n Trade licence - $75,000
n Business tax - $60,000
n Street signs - smallest is $5,000 per one/double if it's both sides - $25,000
All this, plus property tax, asset tax, and general consumption tax every month? Imagine one is penalised for working to own your own building, because that's what the asset tax is, it's penalising people who have saved and purchased their own building for their business.
Where does it stop? Do we just work to pay tax? There is no incentive to work to own your own business and premises.
Does the Government realise that the backbone of this country has always been the small business person who employs local staff and purchases local goods and keeps the money they earn in the local bank?
This cannot work. Give the business people a break. Be fair.
Tower Isle, St Mary