The following is a statement from the Chairman of the Book Industry Association of Jamaica, Mr. Franklin McGibbon:
“The Book Industry Association of Jamaica wishes to express great concern about the introduction of GCT on Magazines, Journals and other Periodicals.As discussed with Minister Shaw in April this year, we wish to indicate the vulnerability of this sector of the book industry as we are already losing customers each year to online reading and downloads to personal computers.
“It is without a doubt that the introduction of GCT on magazines, journals and other periodicals will crush the viability of this sector (especially local Magazine Publishers) and defeat the purpose of the tax in the first, which is to collect additional revenue.
“The reading habits of this nation is already extremely poor and BIAJ has spent substantial resources over the years, in attempting to create greater reading habits and improvement in functional literacy. This tax will only serve to destroy any progress attained so far.”
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