Daily Archives: April 13, 2012

Budget thoughts – commentary

Budget thoughts – commentary

Stabroek staff – April 9, 2012  Editorial

For the average struggling Guyanese,  the most noteworthy announcement made by the Minister of Finance, Dr Ashni Singh in his budget presentation would have been the lifting of the income tax threshold substantially from $40,000 per month to $50,000 per month.  For those earning under $50,000 per month it is a significant addition to take home pay even if not enough.

In terms of the heavy tax burden faced by the average Guyanese the raising of the threshold may be seen as just a sweetener to try to mask the bitter pill of the 16% VAT. This tax continues to rake in billions for the government on the backs of the overtaxed while there are valid concerns that those with much greater ability to pay taxes in the business community and elsewhere are escaping with much less than their fair share of the tax obligation.  Continue reading

Oil in Guyana: Optimism is not enough, Sir Ron

Optimism is not enough, Sir Ron

Posted By Stabroek News On March 17, 2012  Political Analysis |

It’s nice of the one-time Guyanese broadcaster – frankly, one of the best in his time amongst a whole bunch of top of the line radio men and women……….sigh – turned high-level diplomat, Sir Ronald Sanders to wish us well in his cross or crutch comment on our hunt for oil and natural gas.

Here’s what Sir Ron had to say about the drilling exercise that is going on right now: “Already, Guyana’s economy is benefitting from millions of dollars being pumped by two companies into their operations. Should the drilling release the expected millions of barrels of oil and trillions of cubic feet of natural gas, the country’s economy will boom.”       Continue reading

Cricket: England ‘jealous’ of IPL – Pietersen

Cricket: England ‘jealous’ of IPL – Pietersen

David Hopps  April 12, 2012 – IPL News  http://www.espncricinfo.com/indian-premier-league-2012/content/series/520932.html

Kevin Pietersen has blamed England’s lack of enthusiasm for the IPL on “jealousy,” fuelling the debate over attitudes towards India’s all-consuming Twenty20 tournament. Interest in the IPL remains limited in the UK, with media coverage virtually non-existent and more attention given to the start of the County Championship season.

Pietersen, who along with Eoin Morgan is the only current England international in this year’s IPL, believes he knows why. “The IPL is very much struggling to find acceptance back home,” he told reporters in India. “It saddens me because I have had an amazing time at the IPL.   [more]

Indian Premier League 2012 < read the latest news at this link