Thursday, May 3, 2012

No GCT on basic foods? - News - JamaicaObserver.com

No GCT on basic foods? - News - JamaicaObserver.com: "PARLIAMENT'S Special Select Committee reviewing the Tax Reform Green Paper has rejected recommendations to subject certain basic food items to General Consumption Tax (GCT).
In a draft report, which came out of a private meeting in Port Royal prior to concluding its work yesterday, the committee said it believes that an effective transfer mechanism must be in place to address the needs of vulnerable income groups and was, therefore, recommending that the items remain exempted."

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