Late last week the government of Jamaica revealed several new measures that it will take in order to cut down the high levels of tax evasion in the country and the extent of the national underground economy. During the reveal of the 2011 - 2012 budget for the government of Jamaica on April 28th, the Minister of Finance Audley Shaw announced that the government would be taking an increasingly tougher stance on tax evasion, with several new measures to be implemented in the ... Read More

The government of Jamaica is looking to drastically improve economic conditions, efficiency and equality in the country, and promising to instate a sweeping raft of tax system overhauls in the next national budget plan. The difficulty of paying taxes in Jamaica is often cited by analysts as a reason behind the wide-spread "grey" economy, with the estimates on the extent of unreported business being up to 40 percent of the national economy. According to the data in the latest report of ... Read More