Daily Archives: 08/13/2015

GRA Tax exemptions, concessions last year amounted to quarter of Nat’l Budget

08/13/2015 – 2:25 am

GRA Tax exemptions, concessions last year amounted to quarter of Nat’l Budget

AUGUST 12, 2015 | BY KNEWS | FILED UNDER NEWS

“GRA was politically compromised, lacked accountability” – Jordan

Tax exemptions and concessions granted last year amounted to an astounding $55B (US$275M), with the new Government on Monday vowing widespread reforms to fix a broken system.

During his maiden National Budget presentation on Monday, Finance Minister Winston Jordan made it clear that the situation was totally unacceptable with evidence that the Guyana Revenue Authority (GRA) was politically compromised under the previous administration of the People’s Progressive Party/Civic (PPP/C).

 However, according to Jordan, on assumption to office, they found a tax system that is characterized by high rates. This resulted in “innumerable requests for tax exemptions and concessions, which totaled $55 billion, in 2014.”   Continue reading →

By guyaneseonline | Posted in Business, Economics/Finance, finance and trade, Government, Guyana, Personalities | Tagged , , , , , , , , , , , | Comments (2)

Trump: For Republicans, Their Worst Nightmare – commentary

08/13/2015 – 2:07 am

Trump: For Republicans, Their Worst Nightmare

Donald TrumpPublished: August 12, 2015 | Authors: | NationofChange | Op-Ed

Donald Trump is the Republican party’s worst nightmare. But they will have to sit back and watch as Trump takes over America’s political stage all while capturing a large share of the GOP base constituency.

Republicans are in a state of shock and depression as they watch Donald Trump come barreling onto America’s political stage and steal the show. He seemingly came out of nowhere and has, in a short period of time, managed to capture a large share of the GOP base constituency. It’s Trump versus 16 lackluster, mediocre politicians and right now he is blowing them away.

Read the full story…

Continue reading →

By guyaneseonline | Posted in Commentary, Personalities, Politics, USA Politics and Economy | Tagged , , | Comments (6)

Climate Disruption: Thought of the Week – By Rosaliene Bacchus

08/13/2015 – 1:19 am

Three Worlds One Vision

Pacific Walrus - Moms & Calf

Pacific Walrus – Moms & Calf
Photo Credit: U.S. Fish & Wildlife Service

Warming Temperatures Push Pacific Walrus North

In Alaska, hunters and scientists say walrus migration patterns are veering from historical hunting grounds as temperatures warm and the ocean ice used by the animals to dive and rest recedes farther north. Remote communities at the edge of the Bering Sea are seeing a steep decline in walrus harvested.
~ Article by Rachel D’Oro, Associated Press, Anchorage, Alaska, August 6, 2015.

View original post

By guyaneseonline | Posted in Birds and animals, Commentary, Disasters, Geography | Tagged , , | Comments (0)

GUYANA – Latest News – 12 August 2015 – Demerara Waves

08/13/2015 – 12:39 am

GUYANA – Latest News – 12 August 2015 – Demerara Waves

By guyaneseonline | Posted in Agriculture, Business, Economics/Finance, finance and trade, Government, Guyana, Personalities | Tagged , , , , , , , , , , | Comments (0)