The Government of Jamaica seems to be getting dumber by the day. There are way too many influence pedlars advising the Government and, as such, only the small man will get hurt. How on earth will parents tell their children they cannot feed them as they don't have enough money to pay the taxes on the food which will give them sustenance?
The new tax measures announced by the Government will only seek to drive the economy farther underground.
Since your problem is raising revenue, why don't you try plugging the leaks in the economy in the first place? Raw food should never be taxed, only when it is prepared. Utilities should be taxed. This will force people to conserve energy, thereby cutting your reliance on expensive imported oil.
Look at other items
Telephone services are to be taxed; people spend way too much time gossiping. Cable-TV services should be taxed. Petrol has to be taxed, clothing is taxable, but not for children. The list goes on and on with things that can be taxed. Reduce the GCT to 10 per cent and cut government waste and mismanagement.
Your monetary policy is another sham. High interest rates have the same effect as do very low interest rates. No one will borrow money when the rates are too high; when the rates are too low no one will want to lend their money as they will not get a decent rate of return. Keep it moderate and affordable to spur the economy.
As a Jamaican living overseas, I had plans to relocate to Jamaica at the end of March 2010 and operate a business. With these new tax measures in place I have now decided to take my money to Europe. Sorry, Mr Shaw, I cannot allow myself to be governed by a bunch of nitwits.
I am, etc.,
JOHN CASBURN TOMLIN
lovemylexuss@yahoo.ca
Toronto
http://www.jamaica-gleaner.com/glean.../letters3.html
The new tax measures announced by the Government will only seek to drive the economy farther underground.
Since your problem is raising revenue, why don't you try plugging the leaks in the economy in the first place? Raw food should never be taxed, only when it is prepared. Utilities should be taxed. This will force people to conserve energy, thereby cutting your reliance on expensive imported oil.
Look at other items
Telephone services are to be taxed; people spend way too much time gossiping. Cable-TV services should be taxed. Petrol has to be taxed, clothing is taxable, but not for children. The list goes on and on with things that can be taxed. Reduce the GCT to 10 per cent and cut government waste and mismanagement.
Your monetary policy is another sham. High interest rates have the same effect as do very low interest rates. No one will borrow money when the rates are too high; when the rates are too low no one will want to lend their money as they will not get a decent rate of return. Keep it moderate and affordable to spur the economy.
As a Jamaican living overseas, I had plans to relocate to Jamaica at the end of March 2010 and operate a business. With these new tax measures in place I have now decided to take my money to Europe. Sorry, Mr Shaw, I cannot allow myself to be governed by a bunch of nitwits.
I am, etc.,
JOHN CASBURN TOMLIN
lovemylexuss@yahoo.ca
Toronto
http://www.jamaica-gleaner.com/glean.../letters3.html
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