Cash Plus delay
Cash Plus has maintained that it has the money to make the required payouts to its investors, but banking facilities are unavailable. So where is Carlos Hill keeping the $4 billion? I doubt it is under his mattress!
Throughout this saga, we have seen a string of high-powered lawyers representing Cash Plus and Carlos Hill. I am sure they have been and are being paid for their services. How is this being done without 'banking facilities'? Now we have yet another delay in Cash Plus' meeting of promised commitments. I would say an inevitable delay due to the fact that there has been very minimal communication to its investors and, in my view, minimal action.
Except for notices from the FSC, developments with Cash Plus have largely been a secret! The fact that they are now taking on a temporary manager who has to be paid - big bucks, I might add; all without 'banking facilities' - only adds insult to injury. Carlos Hill and his team need to come clean and stop the facade!
- Tired of the Runaround
chatboutit@gmail.com
Via Go-Jamaica
Widen tax net
In order for the Government to fund various ambitious social programmes it needs to collect taxes. The Government must widen the tax base; plug loopholes, and go after tax cheats, tax dodgers and reluctant taxpayers, including investors in investment schemes such as Cash Plus. The Government should move to have investment scheme operators turn over the names of present and past investors and the amount of interest (income) they got from their investments so the Government can collect tax due. Those of us with bank accounts have to pay taxes on interest we receive from our banks. We have no choice as tax on interest received is taken out from our accounts. Investment scheme investors should not be exempted.
- Authnel Reid authnelreid@optimum.net Middlesex, NJ, Via Go-Jamaica
Free health care
I support the accessibility of health care to every Jamaican; as for it being free is another issue. As was the case with the implementation of free tuition in high schools, my advice to the Government would have been for them to make it accessible to those children whose parents are unable to pay the tuition fees. This would allow for the surplus to be utilised in other areas of the education sector.
I know Mr Editor that many persons would wonder how they would determine who is unable to pay. My answer to them is the same way they choose people for the PATH programme. Going back to the free health-care issue, I would have advised the Government to upgrade the health facilities, so as to improve the quality of the service and then later, if possible, offer free health care to those who are unable to pay.
- Sidhu Young, Kingston 10 Via Go-Jamaica
