Baseman posted:Yes, I am sticking to the issue of Milk production for the domestic market. Concessions does not equal tax evasion unless you do something else as was intended.The initial costs of the equipment for the first phase was close to USD 600k before duties. It would go to almost USD 1 mil with duties. His costs will need to be passed onto the local consumers. This translates to higher prices and many poorer consumers will be shut out.
Banna, unlike you, this man has a big business in Guyana as we speak. He and sons live mostly in Guyana, not the USA.
I come back to my point, why is Guyana importing Milk, Fruit juice, plantain chips, fresh chicken....?
Why the "break basket" of the Caribbean is importing what Guyana should be exporting? Answer that simple question!
You seem to know a lot about that "man" business. A one off of 400k usd would not have been a deal breaker if the business model was sound. Also we don't know the policy of what constitutes eligibility for tax concession. If a policy existed, I don't see why a single person, Jagdeo, would have the power to determine eligibility. Your accusations are flawed as the premise is that the president is the sole determinant of who gets concession.
The simple answer to your question is that the market will determine what industry is viable in a country, not govt mandates. This is the only model that is sustainable over the long haul, not perpetual support of any industry if it can't stand on its own feet.