JLP Warns of Street Protest Against Withdrawal Tax

The Jamaica Labour Party has now made it clear that it will be organizing street protests if the Government does not roll back the proposed tax on withdrawals from banks and other deposit-taking institutions.

Last week, the Opposition Leader, Andrew Holness, in making his contribution to the Budget Debate, demanded that the Prime Minister scraps the tax or else.

A day later he reported on Television Jamaica that his expression “or else” meant that the Opposition could withdraw from established processes for bipartisan discussions including parliament.

However, speaking last night in Northern Clarendon, the JLP deputy leader Ruddy Spencer warned that the failure to roll back the withdrawal tax would lead to a mass mobilisation of Jamaicans to take to the streets.

The Finance Minister Dr Peter Phillips is expected to announce this week if there will be any changes to the revenue measures aimed at raising an additional $6.7 billion.

The controversial withdraw tax which is among the measures is expected to earn $2.5 billion in revenues.

A decision to scrap the tax means that Phillips will have to identify another source to raise the money.

Start the discussion ...