JamaicaObserver.com
Tuesday, December 22, 2009
PRIME Minister Bruce Golding is expected to announce a revised tax package during a national broadcast to be aired tomorrow, on all radio and television stations.
A statement from Jamaica House today said that Golding's decision followed a set of new proposals made during meetings with Cabinet members and officials from the Ministry of Finance.
This after he announced on Sunday that he would review the taxes following massive public outcry against the taxes, announced by Minister of Finance Audley Shaw in Parliament last Thursday.
It is reported that GCT on basic food items is to be rolled back and alternative taxes introduced. The taxes which included an increase in GCT by one percentage point to 17.5 per cent, the imposition of GCT on previously exempt items and a 15 per cent tax on the price of gasoline products leaving the Petrojam refinery.
Announcing the package Government had said the taxes were necessary to find $21 billion of revenue to finance the programme negotiated with the International Monetary Fund (IMF).
http://www.jamaicaobserver.com/lates...taxes-tomorrow
Tuesday, December 22, 2009
PRIME Minister Bruce Golding is expected to announce a revised tax package during a national broadcast to be aired tomorrow, on all radio and television stations.
A statement from Jamaica House today said that Golding's decision followed a set of new proposals made during meetings with Cabinet members and officials from the Ministry of Finance.
This after he announced on Sunday that he would review the taxes following massive public outcry against the taxes, announced by Minister of Finance Audley Shaw in Parliament last Thursday.
It is reported that GCT on basic food items is to be rolled back and alternative taxes introduced. The taxes which included an increase in GCT by one percentage point to 17.5 per cent, the imposition of GCT on previously exempt items and a 15 per cent tax on the price of gasoline products leaving the Petrojam refinery.
Announcing the package Government had said the taxes were necessary to find $21 billion of revenue to finance the programme negotiated with the International Monetary Fund (IMF).
http://www.jamaicaobserver.com/lates...taxes-tomorrow
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