New 50% tax on paint will have ‘crushing’ effect says businessman

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Jason Holowchak — co-owner of North Coast Hardware: 
The freedom and variety we enjoy in Antigua’s paint marketplace not only provides high-quality brands to you but just as important it provides employment and support to entrepreneurs who have invested in our nation for years.
The new taxes will affect, all but one company, negatively, leaving the others unable to compete and essentially creating a monopoly.
You have a right to choice and quality at an affordable price.
The freedom and variety we enjoy not only provide high-quality brands to you but just as important it provides employment and support to entrepreneurs who have invested in our nation for years.
The new taxes will affect, all but one company, negatively, leaving the others unable to compete and essentially creating a monopoly.

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4 COMMENTS

  1. 50 % is way way too much!!
    Imports are already so expensive, and you are hurting the consumer.
    And, is the “locally produced ” product going to be affordable and of acceptable quality?

  2. Not defending the increase however, the cost of the paint was already overpriced didn’t see the importers saying let’s have mercy on the citizens and price them better. Now that they have to pay theses increased taxes they have a voice. As a consumer we would have to suck it up and pay if they raised their prices. So……it s what it is.

  3. Everything in Antigua is unfortunately very expensive due to the fact that we have little resources and most Everything has to be shipped here. Just so you have an idea, paint has very little margin (profit) it’s something that is sold in volume to make profit that pays 15% ABST, 10% RRC, 15% DUTY before the increase. Then out of any profit that’s made 25% more goes to the government for corporate tax. Also, nearly every paint retailer has sales that essentially lowers their profit to near zero on paint and they rely on paint brushes, sand paper and caulking tools etc to make any profit. If it were easy and profitable everyone would do it! Now with the government giving a 50% monopoly to one foreign based paint company it can be expected to have a rise in prices. The only way to combat this is to protest it and advocate for fair competition and a level playing field for all as this is the only way the consumer wins!

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