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Study finds uneven tax rates among rich and poor in Jamaica
BY STEVEN JACKSON Business reporter jacksons@jamaicaobserver.com
Sunday, November 09, 2014
JAMAICA taxes the rich at one of the lowest rates in the world while taxes on the poor are among the highest, according to a new Personal Taxes Study by UHY, an international accountancy network.
It has led to calls to increase the tax threshold in order to reduce the tax burden on Jamaicans.
"The Jamaican Government should take bold steps to increase the tax-free threshold to US$10,000. This measure would have a positive effect on employees' productivity, and tax revenue loss can be recovered via a sales and consumption tax," stated Dawkins Brown, managing partner of UHY Dawgen in Jamaica.
http://www.jamaicaobserver.com/busin...maica_17891770
BY STEVEN JACKSON Business reporter jacksons@jamaicaobserver.com
Sunday, November 09, 2014
JAMAICA taxes the rich at one of the lowest rates in the world while taxes on the poor are among the highest, according to a new Personal Taxes Study by UHY, an international accountancy network.
It has led to calls to increase the tax threshold in order to reduce the tax burden on Jamaicans.
"The Jamaican Government should take bold steps to increase the tax-free threshold to US$10,000. This measure would have a positive effect on employees' productivity, and tax revenue loss can be recovered via a sales and consumption tax," stated Dawkins Brown, managing partner of UHY Dawgen in Jamaica.
http://www.jamaicaobserver.com/busin...maica_17891770
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