BOLD & Essential: IMF Backs Income Tax Plan

The IMF has given the government’s income tax initiative a ringing endorsement!

The fund has described the move away from direct to indirect taxation as a bold and essential step.

The Government has faced fierce criticism from the Opposition for the 14-billion dollar tax package and the phased introduction of the tax break.

Addressing a joint media briefing at the Ministry of Finance Heroes Circle’s offices this afternoon – IMF Mission Chief to Jamaica, Dr. Uma Ramakrishnan, described the phased income tax initiative as bold and essential.

The IMF’s resounding endorsement could not have come at a better time for the Holness Administration.

During the budget debate underway in Parliament, former Finance Minister Dr. Peter Phillips and Opposition Leader Portia Simpson-Miller criticized the administration’s income tax initiative.

Our news center asked Dr. Ramakrishnan whether there are any lingering concerns by the IMF about the income tax break and the 14-billion dollar tax package.

Dr. Ramakrishnan noted that the IMF has long been advocating for a move away from direct taxation.

She says the Washington-based multilateral and Finance Minister Audley Shaw have been working closely to ensure a seamless implementation of the tax break initiative.

Abka Fitz-Henley is a multiple award-winning journalist who is currently the Senior Reporter at Nationwide News Network (NNN). His primary areas of focus are Court, Crime and Parliamentary proceedings. Fitz-Henley was recently recognized in the regional celebrity magazine publication Panache as “The Breaking News Boss”. At 21 years of age, following his 1st year in media, Fitz-Henley was recognized with the Young Journalist of the year award from The Press Association of Jamaica and went on to cop one of the country’s highest recognized journalism prizes, the Journalist of the Year Award. He’s also been awarded the prestigious Corporate Jamaica Broilers Fairplay 1st place Award for investigative journalism and is the recipient of the Caribbean Blog Award for coverage of the infamous Kartel murder trial. Fitz-Henley is also the recipient of the PM Youth Award for Excellence. Over the years, he has appeared as a guest on the BBC World Service and BBC London.

4 thoughts on “BOLD & Essential: IMF Backs Income Tax Plan

    1. JAY

      Indeed it should be interesting to here the critics now. I have a feeling what they will now say… but lets see.

  1. justice

    I hear from a little birdie that he is gone into hiding, until the endorsement blows off or until the 9 day wonder expires !!!!!!!!!!!!!!!

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