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Tax Increases Won't Be Just Affecting Tourists #98559
05/26/2016 12:52 PM
05/26/2016 12:52 PM
Joined: Apr 2008
Posts: 148
Bakersfield, CA
Bakoguy Offline OP
Traveler
Bakoguy  Offline OP
Traveler
Joined: Apr 2008
Posts: 148
Bakersfield, CA

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Re: Tax Increases Won't Be Just Affecting Tourists [Re: Bakoguy] #98560
05/26/2016 01:13 PM
05/26/2016 01:13 PM
Joined: Jul 2012
Posts: 559
Apex, NC
agrimsrud Offline
Traveler
agrimsrud  Offline
Traveler
Joined: Jul 2012
Posts: 559
Apex, NC
Reading the Platinum News is something special! I love this one: "and people will cut down on the amount they drink or worse, stop drinking period."

Yes indeed - if people stopped drinking things would definitely be terrible. <img src="http://www.traveltalkonline.com/forums/images/graemlins/Wink.gif" alt="" />


Life's short - sail more!
Re: Tax Increases Won't Be Just Affecting Tourists [Re: agrimsrud] #98561
05/26/2016 01:47 PM
05/26/2016 01:47 PM
Joined: Oct 2007
Posts: 348
Pittsburgh, PA
S
Schwendy Offline
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Schwendy  Offline
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S
Joined: Oct 2007
Posts: 348
Pittsburgh, PA
My trip in August will be my 6th but my first bareboat charter in BVI. Been waiting what seems like a lifetime for this trip. First it was the fishing and now this right before my trip!!! This may be my last. Back to vacationing in the Bahamas. I wonder if the Drinking Mans Guide will still be honored?



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Re: Tax Increases Won't Be Just Affecting Tourists [Re: Schwendy] #98562
05/26/2016 02:01 PM
05/26/2016 02:01 PM
Joined: Oct 2011
Posts: 251
North Oregon Coast
SoggyDollarScott Offline
Traveler
SoggyDollarScott  Offline
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Joined: Oct 2011
Posts: 251
North Oregon Coast
Looks like it's back to Cayman for us. Exit taxes, alcohol taxes, already added to the current 17% room taxes.... Where does it stop ??

Re: Tax Increases Won't Be Just Affecting Tourists [Re: SoggyDollarScott] #98563
05/26/2016 02:49 PM
05/26/2016 02:49 PM
Joined: Feb 2013
Posts: 483
Austin, TX
TackingAg Offline
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TackingAg  Offline
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Joined: Feb 2013
Posts: 483
Austin, TX
So if we look hard for a silver lining, could this mean that the price of beer will drop? Understanding that it was taxed due to a larger volume/weight, would this mean that I don't have to pay $38/case for bud light at Riteway Pasea compared to the $18 I would pay at home? (I drink Carib when on charter, but I'm using an apples to apples comparison). Dare to dream and look for the positive. smile


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Re: Tax Increases Won't Be Just Affecting Tourists [Re: TackingAg] #98564
05/26/2016 03:23 PM
05/26/2016 03:23 PM
Joined: Apr 2008
Posts: 148
Bakersfield, CA
Bakoguy Offline OP
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Bakoguy  Offline OP
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Joined: Apr 2008
Posts: 148
Bakersfield, CA
"The new tax scheme is expected to increase government revenue to approximately $800,000 in 2016."

It will interesting to see how much revenue is actually generated from this and if any new revenues will be offset by losses due to tourists taking their business elsewhere. Unfortunately the locals will be the most impacted by this new tax.

Re: Tax Increases Won't Be Just Affecting Tourists [Re: Bakoguy] #98565
05/26/2016 04:15 PM
05/26/2016 04:15 PM
Joined: Jul 2005
Posts: 240
Texas
purplelily Offline
Traveler
purplelily  Offline
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Joined: Jul 2005
Posts: 240
Texas
Drink less, "smoke" more? May just have to legalize so they can tax the homegrown.

Did I just type that? I'm SO bad.

Re: Tax Increases Won't Be Just Affecting Tourists [Re: TackingAg] #98566
05/26/2016 04:48 PM
05/26/2016 04:48 PM
Joined: Jan 2007
Posts: 1,277
Saint Thomas, USVI
CaptainJay Offline
Traveler
CaptainJay  Offline
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Posts: 1,277
Saint Thomas, USVI
Quote
TackingAg said:
So if we look hard for a silver lining, could this mean that the price of beer will drop? Understanding that it was taxed due to a larger volume/weight, would this mean that I don't have to pay $38/case for bud light at Riteway Pasea compared to the $18 I would pay at home? (I drink Carib when on charter, but I'm using an apples to apples comparison). Dare to dream and look for the positive. smile


Nope

Caribbean Cellars General Manager Robert Knock said he expects the typical case of beer will increase by about $2 per case — beer is currently taxed at $1.10 per gallon, but will be taxed at the 25 percent rate starting June 1.


Sin Tax Increase

Re: Tax Increases Won't Be Just Affecting Tourists [Re: CaptainJay] #98567
05/26/2016 04:57 PM
05/26/2016 04:57 PM
Joined: Apr 2008
Posts: 148
Bakersfield, CA
Bakoguy Offline OP
Traveler
Bakoguy  Offline OP
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Joined: Apr 2008
Posts: 148
Bakersfield, CA
And we arrive Sunday and start our charter on Monday, May 30. Bummer! May drive me to drink!

Allen

Re: Tax Increases Won't Be Just Affecting Tourists [Re: Bakoguy] #98568
05/26/2016 06:30 PM
05/26/2016 06:30 PM
Joined: May 2002
Posts: 17,077
Tortola/ Sonoma, California
Manpot Offline
Traveler
Manpot  Offline
Traveler
Joined: May 2002
Posts: 17,077
Tortola/ Sonoma, California
Hotel tax raised from 7% to 10%...the rest is a "service charge" added by some..not us at CRC..

Re: Tax Increases Won't Be Just Affecting Tourists [Re: Bakoguy] #98569
05/26/2016 06:46 PM
05/26/2016 06:46 PM
Joined: Jun 2004
Posts: 6,100
Maryland
Twanger Offline
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Twanger  Offline
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Joined: Jun 2004
Posts: 6,100
Maryland
Quote
Bakoguy said:
"The new tax scheme is expected to increase government revenue to approximately $800,000 in 2016."

It will interesting to see how much revenue is actually generated from this and if any new revenues will be offset by losses due to tourists taking their business elsewhere. Unfortunately the locals will be the most impacted by this new tax.


Yes. It's well known that you can't just keep increasing taxes and get more and more revenue.
Eventually revenues fall.

Some guy named Laffer first came up with this...

https://en.wikipedia.org/wiki/Laffer_curve

Re: Tax Increases Won't Be Just Affecting Tourists [Re: Twanger] #98570
05/26/2016 07:54 PM
05/26/2016 07:54 PM
Joined: Dec 2012
Posts: 91
Cincinnati, Ohio
TepeRacing Offline
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TepeRacing  Offline
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Joined: Dec 2012
Posts: 91
Cincinnati, Ohio
So will you still be allowed to bring rum from St. Thomas?

Re: Tax Increases Won't Be Just Affecting Tourists [Re: TepeRacing] #98571
05/26/2016 08:09 PM
05/26/2016 08:09 PM
Joined: Feb 2002
Posts: 925
Michigan
rhans Offline
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rhans  Offline
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Joined: Feb 2002
Posts: 925
Michigan
Quote
TepeRacing said:
So will you still be allowed to bring rum from St. Thomas?


Seems to me if you charter from CYOA or another St. Thomas outfit. Your beverages would be "Ships Stores" <img src="http://www.traveltalkonline.com/forums/images/graemlins/Grin.gif" alt="" />

Re: Tax Increases Won't Be Just Affecting Tourists [Re: Bakoguy] #98572
05/27/2016 10:52 AM
05/27/2016 10:52 AM
Joined: Oct 2012
Posts: 308
Tampa, FL
denverd0n Offline
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denverd0n  Offline
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Joined: Oct 2012
Posts: 308
Tampa, FL
Quote
Bakoguy said:
It will interesting to see how much revenue is actually generated from this...

Yes, it will. Politicians always seem to ignore the real consequences of their actions. So they say to themselves...

"X gallons of some product are sold on the island every year. If we add a tax of 10 percent to that then we will take in 0.1 * X in additional revenues. Great!"

They completely ignore the fact that the additional tax will cause some people to change their behavior, and that as a result they are almost certain to increase their revenues by LESS than 0.1 * X. In fact, it is entirely possible that their 10% tax (just a number picked out of the air as an example) might be the straw that broke the camel's back and might, therefore, be enough to reduce sales by MORE than 10%, resulting in an actual REDUCTION in their total revenues!

Try to explain that to a politician or a bureaucrat, though, and you will get nothing but a blank stare 90% of the time.

Re: Tax Increases Won't Be Just Affecting Tourists [Re: denverd0n] #98573
05/27/2016 12:36 PM
05/27/2016 12:36 PM
Joined: Apr 2002
Posts: 7,104
GA/NC
GeorgeC1 Offline
Traveler
GeorgeC1  Offline
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Joined: Apr 2002
Posts: 7,104
GA/NC
Try explaining that the money you earn belongs to you not them and you will get the same blank stare! They will however be able to quote the first rule of being a politician with a smile! "Money is power and money comes from taxes therefore taxes are the cornerstone of power!"
G

Last edited by GeorgeC1; 05/27/2016 12:39 PM.
Re: Tax Increases Won't Be Just Affecting Tourists [Re: GeorgeC1] #98574
05/28/2016 11:49 AM
05/28/2016 11:49 AM
Joined: Apr 2008
Posts: 148
Bakersfield, CA
Bakoguy Offline OP
Traveler
Bakoguy  Offline OP
Traveler
Joined: Apr 2008
Posts: 148
Bakersfield, CA
Oh well, in spite of new taxes..... It is time to hit it! Heading to LAX and then on to Tortola and Conch Charters. Hope to meet up with a few of you at the usual spots. Cheers!

Allen


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