Home Businessuite News24 TEF Funds Are Specifically For Investment In The Infrastructural Enhancement Of The Tourism Sector As A Whole As The TEF Was Designed To Remove That Burden From The Jamaican Taxpayer – Robinson
TEF Funds Are Specifically For Investment In The Infrastructural Enhancement Of The Tourism Sector As A Whole As The TEF Was Designed To Remove That Burden From The Jamaican Taxpayer – Robinson

TEF Funds Are Specifically For Investment In The Infrastructural Enhancement Of The Tourism Sector As A Whole As The TEF Was Designed To Remove That Burden From The Jamaican Taxpayer – Robinson

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The Jamaica Hotel & Tourist Association (JHTA) has expressed concerns regarding plans by the government to move the funds held in the Tourism Enhancement Fund (TEF) into the Consolidated Fund.

In an open letter to Minister of Finance, Audley Shaw, copied to the Businessuite News Center last night, JHTA President, Omar Robinson indicated that his objections are based on the original mandate of the TEF. He says these funds are specifically for investment in the infrastructural enhancement of the tourism sector as a whole as the TEF was designed to remove that burden from the Jamaican taxpayer. Robinson says furthermore, he is concerned that despite being a representative of the Tourism Sector and a key stakeholder in the policy and administration of TEF, the JHTA was not consulted on the plans.

The JHTA head says his association will not stand by and see TEF used for what he describes as “an ill-conceived intent to garnish the funds for use in areas that will not be for the growth and benefit of the tourism industry”. BM