Chartered accountant and businessman, John Jackson, says funding is not a major issue for the government, as it prepares to implement it’s plan of giving income tax relief to those earning up to $1.5-million per annum.
This, despite the revelation from Finance Minister, Audley Shaw, that one of the main sources of funding for the tax break is not available.
John Jackson says people are unduly perturbed about the funding of the Holness administration’s income tax plan.
Mr. Jackson says the tax break will actually cost the government less than they had projected.
Meanwhile, University Lecturer, Dr. Andre Haughton says Finance Minister Audley Shaw may have been testing the waters to see how Jamaicans would react to a delay in the implementation of the tax break.
Dr. Haughton says the government may need to consider additional taxes to compensate for the unavailability of the Energy Stabilization Fund.