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Minister of Finance and the Public Service Hon. Audley Shaw, has said that the Commission of Enquiry into the 1990s financial meltdown, which led to the creation of the Financial Sector Adjustment Company (FINSAC), will commence this summer. Speaking at the Mayberry Investments Limited Forum on Thursday (April 30), at the Knutsford Court Hotel in New Kingston, Mr.Shaw said he...

Minister of Finance and the Public Service, Hon. Audley Shaw, has said that the Government has no intention of taxing bond holders to close the gap in the national budget. "I wish to state categorically that the Government is not considering any such measure of taxation at this time," said Minister Shaw yesterday (April 29) at the Jamaica Money Market...

Minister of Finance and the Public Service, Audley Shaw, will be meeting with nurses at 11:00 a.m. tomorrow to discuss issues relating to their job reclassification exercise. Addressing today's (April 29) post-Cabinet press briefing at the Office of the Prime Minister, Minister said that he, along with the Minister of Health and Environment, Rudyard Spencer; former Minister without Portfolio in...

Minister of Finance and the Public Service, Hon. Audley Shaw, has said that he is willing to consider concessions requested by taxi operators, but only on condition that they become registered and tax compliant. "I am willing to sit down with the wider group of the taxi associations to see how we can look at improving the fleet but it's...

The 2009/2010 Budget Debate will continue on Tuesday April 28 at 2:30 pm when Opposition Spokesman on Finance, Dr. Omar Davies makes his contribution. On Wednesday, Minister of Industry, Investment and Commerce, Hon. Karl Samuda will speak. Opposition spokesman on Agriculture, Roger Clarke will also give his contribution. Leader of the Opposition, the Most Hon. Portia Simpson Miller, will speak...

Minister of Finance and the Public Service, Hon. Audley Shaw, has announced the revisited list of items for which General Consumption Tax (GCT) has become applicable as of Monday, April 27, 2009. The Minister pointed out that GCT exemptions will continue for the following items: (1) Live birds, crustacean, mollusk or any other animal of a kind generally used as,...

Minister of Finance and the Public Service, Audley Shaw, has said that the financial system remains strong and well capitalised. The Minister, who was opening the Budget Debate in the House of Representatives on April 23, commended the steps taken by the Bank of Jamaica earlier this year to stabilise the financial system, noting that they were successful. The foreign...

Minister of Finance and the Public Service, Audley Shaw, has said that taxi fares, electricity bills, cooking gas and fuel used by the bauxite and aviation sectors should not be affected by the increase in the Special Consumption Tax on petrol he announced on Thursday. "We do not anticipate and expect that they will seek to increase taxi fares," Mr....

The Government is not expected to return to the capital markets this fiscal year, but expected loan inflows from the multilateral financial institutions will assist in meeting financial obligations. This was the word from Minister of Finance and the Public Service, Hon. Audley Shaw, as he opened the 2009/10 Budget Debate on April 23 in the House of Representatives. He...

Minister of Finance and the Public Service, Hon. Audley Shaw, says that the fiscal package he revealed in Parliament on April 23, will allow the Government to meet its commitments to the people, increase the fairness of the tax system and better position the economy over the long term. "Our fiscal package will allow us to meet our commitments to...

The essential message of the budget is that it is now "time for us to live within our means," Financial Analyst and Consultant to the Ministry of Finance, Dennis Chung, has emphasised. "Look at it this way: It's like your personal budget. If you are in debt and your expenditure is greater than your income, you have to either cut...

A well-known financial analyst has come out in support of the Government's decision to impose a consumption tax on fuel, saying this move to realign the tax structure is more equitable to over-burdened PAYE taxpayers. Colin Steele, a member of the Board of the Pan Caribbean Financial Group and a respected financial analyst, told JIS News that he is generally...