Sunday, April 8, 2012

Summary of select reform submissions - News - Jamaica Gleaner - Monday | April 9, 2012

Summary of select reform submissions - News - Jamaica Gleaner - Monday | April 9, 2012: "Some of the recommendations that were presented in submissions to the Green Paper on Tax Reform.

1. Jamaica Environment Trust (JET)

a) Tax-reform policy should include using taxation to reduce externalities;

b) JET agrees with the reduction on waivers. However, it believes that in the short term there should be exemptions, waivers and preferential tax rates for green technology;

c) The current EL should not form part of the new CAF. JET believes that there should be a dedicated tax that is used to address environmental issues;

d) JET believes that there needs to be some incentives/penalties for packaging, whether deposit legislation on certain types of packaging, a tax on types of packaging, or legislation that requires cradle to grave handling by manufacturers and importers;"

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