Finance Minister Seeks New Source To Fund $1.5m Tax Break Plan

Election 2016, News post March 30, 2016

In this file photo Prime Minister Andrew Holness (left) engages in conversation with Minister of Finance and Public Service Audley Shaw.
 Finance Minister, Audley Shaw says funds which were being eyed by the Jamaica Labour Party to assist with the implementation of the $1.5 million tax break plan are not available.

The JLP had planned to use money collected from the gas tax to partially fund the tax break. Under the plan, persons earning $1.5 million or less would not have to pay income tax. The Labour Party had planned to implement the plan on April 1. However, according to Shaw, the money has already been accounted for in the Consolidated Fund.

Finance Minister, Audley Shaw It means the government will now have to find other means of funding the plan. However, the Finance Minister says the government remains committed to implementing the measure.

Finance Minister, Audley Shaw Last week, Information Minister Senator Ruel Reid said it was possible persons may have to wait until after the Budget is passed to benefit from the deal.

No Tags

368 total views, 1 today


Leave a Reply

  • Penalise politicians who provide service on a partisan basis ­ — Meadows

    by on January 26, 2016 - 0 Comments

    JLP caretaker calls for action as Trelawny residents take to the street Placard-bearing residents gather at a section of the Salt Marsh to Goodwill main road yesterday to protest against the poor road conditions in the area.  SALT MARSH, Trelawny — Jamaica Labour Party (JLP) caretaker for Trelawny Northern Dennis Meadows yesterday called for laws […]

  • Will Cameron Speak On Reparation?

    by on September 29, 2015 - 0 Comments

    In pic: Prime Minister David Cameron. Olivia Grange said she believes Cameron would consider it unusual to be visiting Jamaica at this time in history and have extensive discussions with top government officials and not have the subject of reparation raised at some point. The Jamaica Labour Party (JLP) is questioning whether the Government will […]

  • Constable Crystal Thomas

    by on July 16, 2015 - 0 Comments

    She fought to the end | Lead Stories | Jamaica Gleaner Woman Constable Crystal Thomas Norman Grindley Senior Superintendent of Police Cornwall ‘Bigga’ Ford (right) escorts National Security Minister Peter Bunting, who visited the Denham Town Police Station in west Kingston, to get an update after the murder of woman Constable Crystal Thomas, who was […]


    by on July 4, 2015 - 0 Comments

    You can post your add here for free.

  • Singjay J Capri dies

    by on December 4, 2015 - 1 Comments

    KINGSTON, Jamaica — Sources have confirmed that singjay J Capri, who was hospitalised for more than a week following a motor vehicle crash, has died. The entertainer reportedly succumbed to her injuries this morning at the University Hospital of the West Indies in St Andrew. Read: J Capri hospitalised after car crash Social media users on […]

Follow Us on Facebook