PSOJ warns of massive job losses

KINGSTON, Jamaica - THE Private Sector Organisation of Jamaica (PSOJ) is calling on the Government to immediately review and make changes to aspects of its new tax regime, which it said could do more harm than good to the economy. "The PSOJ is urging the Government to immediately review and change its tax treatment of certain raw material inputs under the new waiver caps imposed by the proposed IMF agreement," said the group in a release on the weekend. "Unless modified, this proposed tax treatment will likely force the shut-down of critical Jamaican industries and cause thousands of Jamaican workers to lose their jobs," said