Jamaican Tax Reform Group Wants System Running Like A Well Oiled Locomotive!

The Private Sector Working Group on Tax Reform has submitted their proposals to Parliament with one aim in mind – turn Jamaica’s rusted and rickety old tram car of a tax structure, in a bullet-fast and efficient system.

Could Jamaica finally get a well oiled, bullet-fast tax system?

The proposals would turn Jamaica’s cumbersome tax regime into a streamlined, competitive system in an attempt to avert a looming economic crisis that could set social and economic development back several decades, said sources on the working group.

The group wants “a level playing field for all sectors of the economy and the abolition of arbitrary, discretionary incentives that are currently in the gift of ministers.”

Chaired by Joe Matalon,  the working group represents some 56 business associations, but is being led by the Private Sector Organisation of Jamaica (PSOJ) and the Micro, Small and Medium Enterprises Association (MSME).