- The Jamaican government has struggled to find a taxation system that is favorable to the populace.
- The Jamaica Labour Party (JLP) promised to move from direct to indirect taxes before the 2016 General Election.
- There are calls to increase the personal income tax threshold to $2.2 million or $3 million.
- The Caribbean Policy Research Institute argues that inflation has brought back the tax burden for some population segments.
- The EPOC chairman suggests that if tax revenues continue to grow, there may be room to increase the threshold.
- The government has not explained why it has not moved decisively to try indirect taxation.
- Self-employed Jamaicans may be outside the tax net.
- There is a suggestion to try the direct GCT/SCT method for taxation.
Source: jamaicaobserver.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
