Fuel tax won't lead to inflation, says finance ministry rep
Director of International Trade Relations in the finance ministry, Aayon Cruikshank, is seeking to dispel fears the increased tax on petrol will hike the inflation rate.
He addressed the concerns during a post-Budget discussion streamed on the Jamaica Information Service’s website following the opening of the Budget debate yesterday.
Cruickshank says many assume that an increase in fuel means an automatic increase in other goods and services.
However, he says this was not the case the last time the special consumption tax on petrol was increased in March 2015.
Meanwhile, one of his colleagues in the ministry also addresses criticism that the most vulnerable Jamaicans are shouldering more taxes to relieve a few.
Director of the Taxation Policy Division in the ministry, Shauna Trowers, says the new income tax threshold will benefit pensioners.