Trinidad Prime Minister says no more luxury vehicle loans !

Prime Minister Dr Keith Rowley says his Cabinet made a decision yesterday that none of its members will access any loan to buy a luxury vehicle which falls in the new increased tax bracket.

He said, “Especially because we can’t afford it (fuel), we must now be concerned about how we use fuel and become more fuel conscious. What is wrong with that?”

Rowley’s announcement came immediately following Finance Minister Colm Imbert’s 50 per cent increase in taxes on luxury vehicles with engines over 1999cc in a series of sweeping tax measures.

He said if it was the policy of the country, then it applied to all.

“So anybody who wants to buy a bigger car…to buy a high-end car, buy it with your own money. That is a decision made on this side.

It would be riot in Jamaica and social media if any Jamaican Prime Minister was to try and so something like this.

Do you realize that cabinet ministers  have to access loans to get cars and these are not provided by the state, unlike in Jamaica.

http://www.guardian.co.tt/news/2016-04-08/no-more-luxury-vehicle-loans

 

 

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