TG

[RichD]

had a interestin chat with a friend who had just come back form a 13 month assignment in jamaica- he was cunsulting with the govt on behalf of CCRA on tax reform and enforcement/compliance.


he described the current jamacan economy as "solid and sofisticated"...

[Tuff Gong]

Re: TG

[ QUOTE ]
had a interestin chat with a friend who had just come back form a 13 month assignment in jamaica- he was cunsulting with the govt on behalf of CCRA on tax reform and enforcement/compliance.


he described the current jamacan economy as "solid and sofisticated"...

[/ QUOTE ]

Him a Yt?

[RichD]

Re: TG

nah a lucian

[RichD]

Re: TG

him sey one of the biggest challenges facign the govt is coorprate tax compliance ...and the asdministrators (int he civil service) are very resistant to change.


hi ask dem how dem nuh audit dem major multinational corps and financial institutions?...when dem sen auditors the GM jus call the Doctor and tell him fi tek di auditors out [img]/forums/images/graemlins/rolleyes.gif[/img]

[Tuff Gong]

Re: TG

[ QUOTE ]
him sey one of the biggest challenges facign the govt is coorprate tax compliance ...and the asdministrators (int he civil service) are very resistant to change.


hi ask dem how dem nuh audit dem major multinational corps and financial institutions?...when dem sen auditors the GM jus call the Doctor and tell him fi tek di auditors out [img]/forums/images/graemlins/rolleyes.gif[/img]

[/ QUOTE ]...and on this basis the economy is in good shape?
The current GOJ has had the benefit of more consultants than you can shake a stick at, what has been the sum total of all that advice?

In the context of the newly tabled budget where more than 80% of the new budget will go to debt repayment and with our balance of trade being all negative, how can this be a good for Jamaica?

[RichD]

Re: TG

[ QUOTE ]
[ QUOTE ]
him sey one of the biggest challenges facign the govt is coorprate tax compliance ...and the asdministrators (int he civil service) are very resistant to change.


hi ask dem how dem nuh audit dem major multinational corps and financial institutions?...when dem sen auditors the GM jus call the Doctor and tell him fi tek di auditors out [img]/forums/images/graemlins/rolleyes.gif[/img]

[/ QUOTE ]...and on this basis the economy is in good shape?
The current GOJ has had the benefit of more consultants than you can shake a stick at, what has been the sum total of all that advice?

In the context of the newly tabled budget where more than 80% of the new budget will go to debt repayment and with our balance of trade being all negative, how can this be a good for Jamaica?

[/ QUOTE ]

I show the debt payment at 68% (244/358)

but there are other things in play here...the govt of jamaica is broke...the jamaican economy is not.

balance of trade can be offset by other inflows.

[ QUOTE ]
The current GOJ has had the benefit of more consultants than you can shake a stick at, what has been the sum total of all that advice?


[/ QUOTE ]

this is one of the things he touched on ...upper mangement is very resistant to change.

[Tuff Gong]

Re: TG

[ QUOTE ]
....but there are other things in play here...the govt of jamaica is broke...the jamaican economy is not.

balance of trade can be offset by other inflows.

[/ QUOTE ]

My reading is the economy is broke other than GOJ Paper, Tourism and Remittances.

What other inflows are there?

[RichD]

Re: TG

[ QUOTE ]
[ QUOTE ]
....but there are other things in play here...the govt of jamaica is broke...the jamaican economy is not.

balance of trade can be offset by other inflows.

[/ QUOTE ]

My reading is the economy is broke other than GOJ Paper, Tourism and Remittances.

What other inflows are there?

[/ QUOTE ]


that is a great over simplification of things

the economy is alot more than imports and exports

[Tuff Gong]

Re: TG

[ QUOTE ]
that is a great over simplification of things

the economy is alot more than imports and exports

[/ QUOTE ]

I did not say that.

I said this:

[ QUOTE ]

My reading is the economy is broke other than GOJ Paper, Tourism and Remittances.

[/ QUOTE ]

Actually no every aspect of the Jamaican economy is in trouble except for what I mentioned above.

[jah_yout]

Re: TG

[ QUOTE ]
[ QUOTE ]
that is a great over simplification of things

the economy is alot more than imports and exports

[/ QUOTE ]

I did not say that.

I said this:

[ QUOTE ]

My reading is the economy is broke other than GOJ Paper, Tourism and Remittances.

[/ QUOTE ]

Actually no every aspect of the Jamaican economy is in trouble except for what I mentioned above.

[/ QUOTE ]

what is it that causes j-a to import goods that can be produced within the country? is it price? and if so will the economy be damaged if the gov't implements artifical price controls...or will foreign markets retaliate thus causing higher unemployment in j-a...is it realistic to rely so heavily on tourism or do they have to develop another cash cow (besides the illegal ganja trade)...seriously with so much of the country's budget allocated to servicing debt...what can be done?
i guess they've been asking this question for years...

[RichD]

Re: TG

[ QUOTE ]
[ QUOTE ]
that is a great over simplification of things

the economy is alot more than imports and exports

[/ QUOTE ]

I did not say that.

I said this:

[ QUOTE ]

My reading is the economy is broke other than GOJ Paper, Tourism and Remittances.

[/ QUOTE ]

Actually no every aspect of the Jamaican economy is in trouble except for what I mentioned above.

[/ QUOTE ]

exports total 1.5 billion US so sombody doing somthing.

[niceniss]

Re: TG

what are you saying exactly RichD? Jamaican economy's good? [img]/forums/images/graemlins/confused.gif[/img]

[RichD]

Re: TG

[ QUOTE ]
what are you saying exactly RichD? Jamaican economy's good? [img]/forums/images/graemlins/confused.gif[/img]

[/ QUOTE ]

im saying that it is better than many make it out to be

[little pepper]

Re: TG

Obviously people see tings different according to what's affecting them. I've just left after 7 months of trying to invest and so-on. I met or heard of very few people who found the economy good, especially really small business were finding the going tough.

Such as tourism was supposedly officially down 40% from last year's spring break.

[RichD]

Re: TG

im not claiming its good..im just saying its not as bad as many would make out.