Jam eyes slice of finance pie

| 09/04/2009

(The Gleaner): Jamaica will push ahead with its plan to establish itself as an international financial services centre to capture a piece of the lucrative offshore market, notwithstanding a renewed crusade by rich countries to clamp down on tax havens worldwide. Last year, the finance ministry put up $15 million to explore the possibility of transforming the Kingston waterfront into a ‘low’ tax haven zone. But claiming the financial centre as a potential boost for jobs and new prosperity within the core of the capital, the Ministry of Finance has now set aside $102.6 million from its capital budget for the project, seven times the amount spent last year.

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