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JAMAICA | Golding Slams gov't for not giving the people a tax break

Featured Opposition spokesman on Finance Mark Goldingm delivering his maiden presentation in Parliament Opposition spokesman on Finance Mark Goldingm delivering his maiden presentation in Parliament
KINGSTON, March 13, 2018 -  Opposition Spokesman on Finance, Mark Golding, has blasted the government for not giving the public a break from taxes.
 
In his maiden presentation in the House of Representatives as the PNP Spokesman on Finance, Mr. Golding  blasted the government for the missed opportunity to cut taxes this year, despite collections being  five billion dollars above target for the current fiscal year and projections of above 40 billion for the upcoming fiscal year.
 
"The minister has not chosen to take even a likkle bit off a the annual ($)30.9 billion of additional indirect taxes that have hit the wider society, especially the vast majority who have never benefited from the 1.5; not even one per cent off the GCT, minister; not a single tax break for the unemployed, the minimum wage earner, the pensioner," he chided.  
 
Golding described Finance Minister Audley Shaw's promise of no new taxes as “three budgets late” and that the Government is fully responsible for this delay.
 
"The reason why you had to introduce ($)13 billion of new taxes in 2016 was to pay for your 1.5 (tax package), otherwise there would have been no new taxes in 2016. The only taxes that you imposed in 2017 were to pay for the second phase of the 1.5. So, Mr. Speaker, your 'no new taxes' is three budgets late and your government is fully reponsible for the delay," he lamented.  
 
Mr. Golding also blasted what he said is the missed opportunity this year to cut taxes, despite collections being $5 billion above target for the current fiscal year and a projection in excess of $40 billion for the upcoming fiscal year. 
 
Mr. Golding also charged that the government's 'five in four' economic growth target has failed. 
 
"The fanfare about achieving five per cent GDP growth in four years, the much hyped 'five in four' has now been discarded," he purported.
 
"Many of you now wonder if it was ever a serious target or was just a grand public relations scheme. We are also alarmed that the government has made a significant downward adjustment to its medium term growth forecast, confirming that the five in four was never a real target," the Opposition Spokesman suggested.
Last modified onTuesday, 13 March 2018 23:26
  • Countries: Jamaica

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