Phillips hopes tax relief will rake in foreign investments - Lead Stories - Jamaica Gleaner - Thursday | September 20, 2012: "THE PROMISE of tax relief has resulted in some international companies establishing their group headquarters in Jamaica, the Government has revealed.
Dr Peter Phillips, the minister of finance and planning, said yesterday that the bill, which has been tabled in Parliament to grant income-tax reprieve to employees of international businesses that establish group headquarters in Jamaica, was done to honour a commitment given by the previous government.
"There were commitments given against which some companies acted to establish group headquarters in Jamaica," Phillips said during the weekly Jamaica House Press briefing.
On Tuesday, the Government tabled legislation in Parliament which seeks to exempt persons who are not residents of Jamaica and who perform prescribed operations in the country from the payment of income tax."
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