So where's di money? Whey di money deh?

[britisha]

Hiff dis is chru for juss bout 10 months, over one billion US in profits, where's the money?

Break it to me gently.<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">According to JTB data, the island welcomed just under two million visitors last year, while revenue between January and October totalled US$1.533</div></div>


link

[RichD]

Re: So where's di money? Whey di money deh?

revenue does not = profits

and the revenue mentioned is not revenue for government entities.

[R_C]

Re: So where's di money? Whey di money deh?

Well once salaries, utilities, taxes, advertising, graft and other overhead expenses are paid, I would say it went to the USA, India and Spain.

[Leddih]

Re: So where's di money? Whey di money deh?

And note the difference in accounting methods and &quot;profit&quot; reporting as opposed to those used for Air Jamaica.

[Gen]

Re: So where's di money? Whey di money deh?

evidently expenses far exceeded any profits

[britisha]

Re: So where's di money? Whey di money deh?

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Rollin_Calf</div><div class="ubbcode-body">Well once salaries, utilities, taxes, advertising, graft and other overhead expenses are paid, I would say it went to the USA, India and Spain. </div></div>

Ere Ere..

[blugiant]

Re: So where's di money? Whey di money deh?

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: RichD</div><div class="ubbcode-body">revenue does not = profits

and the revenue mentioned is not revenue for government entities. </div></div>

soo wat yu seyinn iss da ja tax code iss outdated ann dat wan aff de reason dem add fii bow ann sellout air jamaica

[RichD]

Re: So where's di money? Whey di money deh?

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: blakkgiant</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: RichD</div><div class="ubbcode-body">revenue does not = profits

and the revenue mentioned is not revenue for government entities. </div></div>

soo wat yu seyinn iss da ja tax code iss outdated ann dat wan aff de reason dem add fii bow ann sellout air jamaica </div></div>

well that is a separate issue...but that's not what i was saying.

[Gen]

Re: So where's di money? Whey di money deh?

yes, without a doubt the JA tax code/laws are outdated and in need of massive overhaul.

cost too much to overhaul

[RichD]

Re: So where's di money? Whey di money deh?

they actually going through a overhaul process right now..but above overhaul dem need to work on compliance....the rates are below 50% and in the corporate area as low as 30%.

remember the odda day they said that outside of the PAYE system there were only about 5000 people on the tax rolls.

[twiney]

Re: So where's di money? Whey di money deh?

And then they <span style="text-decoration: line-through">rape</span> a mean tax those who already paying when they consume ... how the baxcover u going pay tax fi send money transfer

[RichD]

Re: So where's di money? Whey di money deh?

is the tax on the transfer fee or on the money sent?

[Gen]

Re: So where's di money? Whey di money deh?