phillips

US, Jamaica to Hold Talks On Reshaping Investment and Tax arrangements

The government says it will engage in talks with the US government about reshaping existing bilateral investment and tax arrangements between both nations.

Finance Minister, Dr. Peter Phillips made the comment as he addressed a special meeting of the US Chamber of Commerce in Washington, DC last Friday.

Dr. Phillips says the government discussed the issue with US President Barack Obama, during his recent visit to the island.

He says Jamaica wants to redefine the arrangements and agreements to provide a practical, but more attractive environment for US investors.

The Finance Minister says the aim of the talks is to boost the number and value of US investments in Jamaica.

He invited members of his distinguished audience to submit proposals on how to change some of the existing tax and investment arrangements between the US and Jamaica.