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Budget cuts send consumers bleeding!

June 3rd, 2012

Okay first I was resigned to pay more because of the measures announced in the new budget. It seemed we were all going to face rough times but we were forging ahead with a plan. It may have not been a plan I liked with but it was a plan that seemed to have been [...]

How will the new tax measures affect you?

May 27th, 2012

There are two constants in life, death and taxes. So even if you are able to avoid one usually you are hit with the other. The recent budget presentations were avidly watched on television screens and listened to on radios across the island. Of special interest was the feeling of many that the private sector [...]

Are the Private sector’s reform the key to Jamaica’s economic recovery?

March 1st, 2012

Recently there has been a lot of discussion about tax reform. The Private sector has suggested several things which they believe if implemented would ease the burden of tax payers in all sections of society. What would the tax reform proposals mean for consumers? One of the 145 proposals suggests a reduction on GCT (General [...]

No New Taxes!

September 9th, 2011

Once again consumers prepare to hold on for the roller coaster ride that is the budget. Allocating the funds seems like a balancing act with very little effort it could all come tumbling down. We are told the sweetest of phrases, “No new taxes”. I wonder though if we should feel too complacent. It has been [...]

Should tax collectors be allowed to seize assets of those who owe taxes?

June 14th, 2011

It’s a familiar scene, a business owes taxes for several years and so the tax man comes calling. Their assets are usually seized in an effort to get some or all the money owed. The negative aspect is not only the loss of their assets but also a tarnished public image as it is usually [...]

Signs of recovery or more problems?

May 13th, 2011

I am still trying to come to terms with the new information about the Jamaican economy that has been swirling around for the past few days. I am not sure if I should be celebrating or praying for deliverance! The announcement about imminent job cuts in the public sector caused me to panic slightly even [...]

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