Finance Minister, Audley Shaw, says an IMF team is to arrive in Jamaica later this month to continue discussions on the way forward after the current deal ends early next year.
Minister Shaw says the Government is negotiating another arrangement with the Washington-based multilateral that will be less stringent.
And, Mr. Shaw says the government’s revenue numbers for this year are encouraging.
He says revenue numbers are up despite the administration’s successful implementation of phase one of its tax break plan.
Audley Shaw, Finance Minister speaking to the media after he delivered the main address at an American Chamber of Commerce event in St. Andrew yesterday.
In the meantime, Minister Shaw is warning persons who import goods into the island and do not pay the required duties that the illegal practice is coming to an end.
The Finance Minister says he’ll be pushing for law enforcement to take a tougher approach on some importers.
Shaw says the activities of some importers must be recognized as illegal and damaging to the government’s efforts to have an equitable tax system.
Mr. Shaw says putting a stop to revenue leakage at Jamaica customs will help the government to pursue policy initiatives, including broadening the tax net.
Mr. Shaw says as Finance Minister he’s mindful of his duty to fund technology oriented initiatives aimed at fighting corruption.
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