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Group Chairman's Blog

Articles & Columns Published in the Jamaican Sunday Gleaner by Dr. Winston Adams

The Impact Of Recent Tax Measures On Higher Education Sector

The Impact Of Recent Tax Measures On Higher Education Sector

April 21, 2017

Much of the national debate over the past two weeks have centred around the Government's controversial tax measures of $13.5 billion imposed to fill the hole in the budget.

Government has staunchly defended the tax measures which confirm its policy shift from taxing income through the PAYE to the taxing of consumption through the imposition of General Consumption Tax (GCT) and Special Consumption Tax (SCT) on items such as motor vehicle fuels, alcohol and cigarettes.

But how have these tax measures impacted on the higher education sector?

In the absence of a detailed study on the costs of running a tertiary institution, it seems the recent tax measures will cause an increase in overall costs of running these operations. Some of the increased bills that will arise include:

Universities A Growth Imperative

Universities A Growth Imperative

March 19, 2017

"No country can really develop unless its citizens are educated."

- Nelson Mandela

 

Former prime minister of Jamaica Edward Seaga often said, "No poor country is educated, and no educated country is poor."

No matter how it is described, leaders across the world have all pointed to education as critical to the economic and social development of any nation.

The need for greater emphasis on higher education in Jamaica has been acknowledged by the Michael Lee Chin-led Economic Growth Council (EGC) in its September 2016 document Call to Action, which listed "poor human capital and entrepreneurship" as one of the main retardants to Jamaica's economic growth.

But the question arises, has Jamaica developed a higher- education sector to prepare a workforce that will fill all the human-resources needs for Jamaica to achieve developed-country status in the shortest possible time?

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