Jamaica Hopes To Boost Tax Perks For US Investors

by Mike Godfrey, Tax-News.com, Washington

30 April 2015

Jamaica's Finance and Planning Minister, Peter Phillips, has announced that the Government is to engage in talks with the US, aimed at revising their bilateral investment and tax arrangements to encourage more US investment into Jamaica.

Addressing members of the US Chamber of Commerce recently, Phillips said he would be interested in hearing more about how to "find ways to boost US investments in Jamaica" and urged the Chamber to propose suitable changes to the present tax and investment landscape under agreements between the two territories.

Phillips said: "One of the things that we discussed with US President Barack Obama and his team (on their recent visit to Jamaica) was how to re-define arrangements and agreements to provide a practical but more attractive environment for US investors to the country."

TAGS: environment | Finance | tax | investment | free trade agreement (FTA) | double tax agreement (DTA) | interest | foreign direct investment (FDI) | trade treaty | Jamaica | agreements | trade

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