It is indeed heartening to read the various firms in T&T stating in their annual reports the great heights they have achieved in their profit margin after tax. To the taxpayer there is a winning there because surely there has to be a large margin between the pre tax and after tax margin. However, one must wonder in what manner does the tax payer benefit. Is there a system used by the Minister of Finance which defines where such monies are allocated so that the citizen will understand clearly the channels through which these monies are utilized. The second part is the disbursement of the after tax profits. To my mind, to which I am sure many would disagree - especially the shareholders - there should be some equity of distribution between the employees and the shareholder. While it is true that it is the shareholders capital which is used initially, it is also by the dint of hard work by the employees, their experience and expertise that increases the profit margin. Otherwise the shareholders capital input can remain fairly stagnant with little upward movement. What I am suggesting is that part of the profit gained, a certain percentage, should go towards various employee plans such as home ownership or other such initiatives, these funds overseen by a special committee comprising of employees to operate and manage the particular programme or programmes. Alvin
Posted on: Sun, 30 Mar 2014 20:40:35 +0000
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