The GOJ appears set to add GCT to fuel products as they seek to improve its revenues.
Any additional tax on fuel would not only be ill advised, it would certainly mean the certain death of manufacturing in Jamaica.
Our manufacturers and consumers are already struggling with high electricity rates due to high fuel prices and thus this GCT on fuel would mean another 16.5% increase in the cost of electricity given that fuel cost is a pass through cost.
I am prepared to take to the streets of Jamaica(once I am here) to resist any such tax and urges the GOJ to find ways to reduce waste vs trying to extract more from an already burdened population.
The Government need for example to cut its slate of consultants by 75%, get rid of JEEP, look at ways to reduce leakages in the public sector.
The GOJ should cut international travels by 50% and remove all those unnecessary party hacks it have filling post created in the public sector, just to facilitate their entry.
God dammit man I have had enough of these f@#’king tax increases, for which I have not been able to see any tangible benefits.
Fed up !
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Jay, I endorse your call and I am in strong agreement with your points. Its obvious that these morons have no clue what to do and are just grasping at straws and blaming the IMF for everything. Enough is enough.
The majority of Jamaicans are a bunch of Sheep who refuse to stand up for anything of substance. We have seen so many manifestations of incompetence and corruption and NOTHING has been done to stem the tide. While we are been asked to sacrifice, these bunch of Charlatans continue on their merry way. Will i be pleasantly surprised this time by our people finally saying that ENOUGH is ENOUGH!!
The government claims that it is committed to balancing the books, by becoming fiscally prudent but economic growth and macroeconomic stability are two different scenarios. Fiscal Prudence, should lay the framework for growth but it must be in tandem with major structural reforms. The IMF is concerned with the repayment of creditors and Jamaica’s ability to raise revenues via austerity, this is not a pro-growth policy. The CAF has resulted in the redundancy of employees and business confidence is declining, assets are even being invested in government paper instead of productive resources and I do not blame the private sector. Some were bragging that the customs fee was performing above target, but in the long term this is at the expense of the private sector. Lower taxes and less government regulations will improve growth, not taxation. When the government increased the import duties for cars less revenues were made, when it was reversed by the JLP earlier the sector fare better. The IMF’s obsession with an obvious way of increasing revenues will hurt the country. Just look at the shortfalls, austerity does not encourage positive economic behaviour and do not be fooled by those who say that the government is committed to reform