Recognizing and understanding the tax benefits

LUCAS STOCK INDEXThe Lucas Stock Index (LSI) fell 0.37 per cent during the second period of trading in April 2017. The stocks of four companies were traded with 179,273 shares changing hands. There were no Climbers and two Tumblers. The stocks of Demerara Tobacco Company (DTC) fell 0.05 per cent on the sale of 2,000 shares and the stocks of Republic Bank Limited (RBL) fell 1.64 per cent on the sale of 10,000 shares. In the meanwhile, the stocks of Banks DIH (DIH) and Demerara Distillers Limited (DDL) remained unchanged on the sale of 142,539 and 24,734 shares respectively.

Passion

Of late, there has been plenty angst expressed about taxes, and in some cases it was accompanied by an open show of concern using the democratic means of protest.  Much of the passion has been directed at the adjustment to fees and the decision of the government to widen the tax base using the value-added tax.  There will always be merits and de-merits for taking such a course of action, for the interests of taxpayers are never homogeneous. One therefore has to be careful in examining and evaluating the mouthing and actions taken by persons with respect to tax issues.  In the end, it is the impact of government service and support given to the taxpayers that will matter.  The perspective of interest that emerges from the concerns expressed is usually the benefit that taxpayers receive for the taxes that they pay.  The benefits that taxpayers receive are not all the same and are usually determined by the