AUDIO: Impose higher import tax on hair, nails, says businesswoman
Businesswoman Yaneek Page is supporting calls for the Government to impose a higher import tax on cosmetic products such as; hair, nails, bleaching creams and eyelashes as it seeks to rake in more money.
This year, it is projected that Jamaica will spend more than $1 billion to import the products.
Speaking on Real Business on Power 106FM, Page said an imposition of a higher import tax on these products may drive up their prices and reduce demand.
At present, there is no special duty on cosmetic products like hair and nails.
Page says that benefit would better serve the productive sector.
However, she says with a higher import duty on cosmetic products like hair and nails there would have to be more rigorous enforcement.
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