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Auditor-General report reveals sloppy income tax management

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  • Auditor-General report reveals sloppy income tax management

    The latest report of the Auditor-General has revealed sloppy management of income tax assessments.

    The Auditor-General cited the Taxpayer Audit and Assessment Department following a review of its assessment operations.

    Of a sample of 151 taxpayers who were assessed for $482 million during the 2006 calendar year, 60 accounts were not entered into the computerised system.

    These accounts involved $284 million in taxes.

    In addition, the Auditor-General says there was no indication of any action being taken to collect on 54 of the taxpayers' accounts posted to the system.

    Eighty-three million dollars in taxes were due on these accounts.

    The Auditor-General says at the time his report was submitted to Parliament only $44.8 million or nine per cent of total assessments raised in the sample was collected.
    "Jamaica's future reflects its past, having attained only one per cent annual growth over 30 years whilst neighbours have grown at five per cent." (Article)
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