RBSC

Collapse

Announcement

Collapse
No announcement yet.

Tax Department raids the Sunday Herald

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Tax Department raids the Sunday Herald

    The Tax Administration Services Department on Thursday seized assets at the Sunday Herald as it seeks to collect unpaid taxes.
    This is not the first time that the Sunday Herald has found itself in trouble, with the Tax Department.
    When the tax collectors swooped down on the Norwood Road office of the Herald on Thursday, they confiscated several items including about 20 office chairs, a fax machine, three computers and a photocopier.
    The items were not removed from the premises but were brought to a "quarantined" area.
    The tax administrators explained that they have changed the locks on the door and will be keeping the keys.
    Gladston Turner, Leader for the Inland Revenue Special Enforcement Team, did not want to say exactly how much money the Sunday Herald owes the Government but he noted that it is millions of dollars.
    "We visited premises at 17 Norwood Avenue where there's a company operating (there) owes taxes. We were not able to collect the monies so we did a constructive levy, we seized the goods but we left them in the taxpayers’ possession and we're the only ones that have access to them.
    "They haven't paid (any taxes) for about a year," Mr. Turner said.
    The Tax Administration Services Department said it has had discussions with the Sunday Herald on numerous occasions but the money has not been forthcoming.
    It is understood that the Sunday Herald and the Tax Office were scheduled to sign off on a new payment plan on Monday.
    The Special Enforcement Team now wants the Sunday Herald to communicate directly with it.
    Last year, a team of investors headed by Garnet Roper took over the Sunday Herald with the hope of salvaging the newspaper, which is more than a decade old.
    That buyout followed a dispute with the tax administrators for more than $145 million in unpaid taxes, which the Herald had asked the Finance Ministry to write off.
    "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)
Working...
X