Wed | Jun 23, 2021

CAPI questions origin of withdrawal tax

Published:Saturday | April 19, 2014 | 1:27 PM

Another civil society group, Citizens Action for Principle and Integrity (CAPI), is warning that the new tax will be very burdensome for working-class Jamaicans and pensioners with fixed income.



In addition, CAPI says the levy is a disincentive to the government’s growth agenda and predicts that it will adversely impact the productive sector, particularly small and micro business.



In a statement this morning, co-convenor of the group Dennis Meadows called on the government to tell the country whether the new tax was a dictate from the International Monetary Fund.



Meadows urged the government to reconsider the implementation of the tax and seek more creative and less-taxing measures to finance budgetary shortfall.



He also appealed to civil society stakeholder groups, trade unions and the church to make their voices heard in rejection of what he called an oppressive tax.



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