Tax Talks - Crucial Meeting Between Finance Ministry, Sector Interests To Discuss Removal Of Waivers
KINGSTON, Jamaica, Gleaner - The Business Processing Industry Association of Jamaica (BPIAJ) is among several interest groups scheduled to meet with tax administrators at the Ministry of Finance and Planning today to discuss the likely impact the removal of tax incentives could have on their members.
"Yes, we have been invited to a meeting in Kingston," Yoni Epstein, chairman of BPIAJ, told The Gleaner yesterday. "We are working assiduously to prepare our presentation and would prefer not to comment on the matter until we hear what they (the Ministry of Finance) have to say."
Reports that the Government plans to remove the tax breaks sent ripples through the business process outsourcing (BPO) and information and communication technology (ICT) sector in Montego Bay, St James, yesterday with many fearing this could result in global industry giants such as ACS/Xerox and Vista Print or several Indian BPO firms - like Hinduja Global Solutions - closing their doors.
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