CEO of the Private Sector Organization of Jamaica, PSOJ, Dennis Chung, says harsh penalties for delinquent taxpayers only kill the business sector.
He’s suggesting that a phased approach be used to punish individuals and businesses that fail to pay their taxes.
He’s taking issue with the Tax Compliance Certificate, TCC, saying it assumes everyone is a thief.
The TCC is a document issued to an individual or a company as proof that payments of tax liabilities and wage-related statutory deductions are up-to-date.
Mr. Chung says the use of the document is to be terminated.