Digicel’s outgoing CEO, Barry O’Brien, is urging the Private Sector Organization of Jamaica, PSOJ, to challenge any additional taxation that might be levied on private sector businesses.
Mr O’Brien was speaking at a PSOJ Mingle held at Digicel’s Ocean Boulevard headquarters on Thursday.
He says in the current challenging economic times, with reduced consumer purchasing power, businesses are operating under tight financial constraints.
The Digicel CEO says in the coming weeks and months, the voice of the PSOJ will become even more critical, in ensuring there are no additional or increased taxes levied on companies’ already shrinking budgets.
Mr. O’Brien says this is particularly important for tax-burdened sectors like telecommunications, banking, insurance and manufacturing, which are among the biggest contributors to the government’s tax coffers.
He says currently telecoms customers are subject to triple taxation.
Mr. O’Brien says the PSOJ has to be ready to question Jamaica’s tax strategy, and assess whether its being developed in a manner that will stimulate business and drive economic development.
He also commended the PSOJ for being a vibrant and active voice for the private sector.