Govt denies involvement in halt of exercise to collect outstanding taxes
Daryl Vaz, the Minister of State with responsibility for information, telecommunications and special projects, has denied Government intervention in the aborted seizure of assets by tax authorities from a popular auto accessories establishment owned by his brother.
On Monday, revenue sources revealed that a special enforcement team assigned to Tax Administration Jamaica had gone to Auto Traders 2000 Limited, to collect outstanding taxes.
The team was reportedly instructed via a mobile phone call to halt the operation with immediate effect.
However, Mr. Vaz used the Post Cabinet press briefing on Wednesday to explain what he said were the facts surrounding the operation.
“It has been insinuated that I intervened in a tax matter relating to my brother. Let me make it clear that I did not do so, neither would I ever do so, especially with my luck. The facts are that they went, there was a objection, there has been a protracted negotiation that has not come to an amicable solution and a demand was made and a partial payment was made," Mr. Vaz said.
He added that following a discussion with his brother's accountants, a part payment was made possible.
According to Mr. Vaz, $4 million was paid on the spot with the understanding that negotiations would continue in an effort towards full settlement of the outstanding liabilities.
He stated that that option is available to any taxpayer on whom a demand is made or who faces seizure of his or her assets.
The information minister also insisted that his brother received no special favours.
http://rjrnewsonline.com/news/local/...standing-taxes
Daryl Vaz, the Minister of State with responsibility for information, telecommunications and special projects, has denied Government intervention in the aborted seizure of assets by tax authorities from a popular auto accessories establishment owned by his brother.
On Monday, revenue sources revealed that a special enforcement team assigned to Tax Administration Jamaica had gone to Auto Traders 2000 Limited, to collect outstanding taxes.
The team was reportedly instructed via a mobile phone call to halt the operation with immediate effect.
However, Mr. Vaz used the Post Cabinet press briefing on Wednesday to explain what he said were the facts surrounding the operation.
“It has been insinuated that I intervened in a tax matter relating to my brother. Let me make it clear that I did not do so, neither would I ever do so, especially with my luck. The facts are that they went, there was a objection, there has been a protracted negotiation that has not come to an amicable solution and a demand was made and a partial payment was made," Mr. Vaz said.
He added that following a discussion with his brother's accountants, a part payment was made possible.
According to Mr. Vaz, $4 million was paid on the spot with the understanding that negotiations would continue in an effort towards full settlement of the outstanding liabilities.
He stated that that option is available to any taxpayer on whom a demand is made or who faces seizure of his or her assets.
The information minister also insisted that his brother received no special favours.
http://rjrnewsonline.com/news/local/...standing-taxes
Comment