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Taxation In Jamaica
The economy of Jamaica is heavily reliant on services, accounting for 71% of the country's GDP. Jamaica has natural resources and a climate conducive to agriculture and tourism. The discovery of bauxite in the 1940s and the subsequent establishment of the bauxite-alumina industry shifted Jamaica's economy from sugar, and bananas. Weakness in the financial sector, speculation, and lower levels of investment erode confidence in the productive sector. The government continues its efforts to raise new sovereign debt in local and international financial markets to meet its U.S. dollar debt obligations, to mop up liquidity to maintain the exchange rate and to help fund the current budget deficit. The Jamaican government's economic policies encourage foreign investment in areas that earn or save foreign exchange, generate employment, and use local raw materials. The government also provides a wide range of incentives to investors. Free trade zones have stimulated investment in garm ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jamaican Dollar
The Jamaican dollar (sign: $; code: JMD) has been the currency of Jamaica since 1969. It is often abbreviated to J$, the J serving to distinguish it from other dollar-denominated currencies. It is divided into 100 cents, although cent denominations are no longer in use as of 2018. Goods and services may still be priced in cents, but cash transactions are now rounded to the nearest dollar. Exchange rate History The history of currency in Jamaica should not be considered in isolation of the wider picture in the British West Indies as a whole. See British West Indies dollar. The peculiar feature about Jamaica was the fact that it was the only British West Indies territory to use special issues of the sterling coinage, apart from the four-pence groat coin which was specially issued for all the British West Indies, and later only for British Guiana. The earliest money in Jamaica was Spanish copper coins called '' maravedíes''. This relates to the fact that for nearly four ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bauxite
Bauxite () is a sedimentary rock with a relatively high aluminium content. It is the world's main source of aluminium and gallium. Bauxite consists mostly of the aluminium minerals gibbsite (), boehmite (γ-AlO(OH)), and diaspore (α-AlO(OH)), Mixture, mixed with the two iron oxides goethite (FeO(OH)) and haematite (), the aluminium Clay minerals, clay mineral kaolinite () and small amounts of anatase () and ilmenite ( or ). Bauxite appears dull in Lustre (mineralogy), luster and is reddish-brown, white, or tan. In 1821, the French people, French geologist Pierre Berthier discovered bauxite near the village of Les Baux-de-Provence, Les Baux in Provence, southern France. Formation Numerous classification schemes have been proposed for bauxite but, , there was no consensus. Vadász (1951) distinguished Laterite, lateritic bauxites (silicate bauxites) from karst bauxite ores (carbonate bauxites): * The carbonate bauxites occur predominantly in Europe, Guyana, Suriname, and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Blue Mountains (Jamaica)
The Blue Mountains are the longest mountain range in Jamaica. They include the island's highest point, Blue Mountain Peak, at 2256 m (7402 ft). From the summit, accessible via a walking track, both the north and south coasts of the island can be seen. On a clear day, the outline of the island of Cuba, away, can also be seen. The mountain range spans four parishes: Portland, St Thomas, St Mary and St Andrew. Geography The Blue Mountains dominate the eastern third of Jamaica, while bordering the eastern parishes of Portland, Saint Thomas, Saint Mary and Saint Andrew to the south. Part of the Blue Mountains is contained in the Blue and John Crow Mountains National Park established in 1992, which is maintained by the Jamaican government. The Blue Mountains rise to their summits from the coastal plain in the space of about , thus producing one of the steepest general gradients in the world. This provides cooling relief from the sweltering heat of the city of Kin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banana
A banana is an elongated, edible fruit – botanically a berry – produced by several kinds of large treelike herbaceous flowering plants in the genus '' Musa''. In some countries, cooking bananas are called plantains, distinguishing them from dessert bananas. The fruit is variable in size, color and firmness, but is usually elongated and curved, with soft flesh rich in starch covered with a peel, which may have a variety of colors when ripe. It grows upward in clusters near the top of the plant. Almost all modern edible seedless ( parthenocarp) cultivated bananas come from two wild species – '' Musa acuminata'' and ''Musa balbisiana'', or hybrids of them. ''Musa'' species are native to tropical Indomalaya and Australia; they were probably domesticated in New Guinea. They are grown in 135 countries, primarily for their fruit, and to a lesser extent to make banana paper and textiles, while some are grown as ornamental plants. The world's largest producers of bananas ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bagasse
Bagasse ( ) is the dry pulpy fibrous material that remains after crushing sugarcane or sorghum stalks to extract their juice. It is used as a biofuel for the production of heat, energy, and electricity, and in the manufacture of pulp and building materials. Agave bagasse is similar, but is the material remnants after extracting blue agave sap. Etymology The word comes from ''bagasse'' (French) and ''bagazo'' (Spanish), meaning ''refuse'' or ''trash''. It originally referred to the material left after pressing olives, palm nuts, and grapes. The word eventually came to be used in the context of processing of plants such as sugarcane and sugar beets. Today, it usually refers to by-products of the sugarcane mill. Description Bagasse is the solid by-product when the liquid components are extracted from plants. Much of the core of those plants is a heterogeneous "pith" fibre. This fibre is primarily parenchyma tissue, along with bast, rind, or stem fibers of the sclerenchyma. Here ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Praedial Larceny
Praedial larceny is the theft of agricultural produce. While such theft is almost universal, this term is primarily used in the Caribbean region where it is widely acknowledged to be a practice negatively impacting development of agriculture. The costs of praedial larceny Praedial larceny of crops, livestock, and fish and seafood (including the products of aquaculture) results in farmers and fishers suffering heavy losses, making them reluctant to invest. USAID has noted that praedial larceny, “robs legitimate producers, stifles incentives for farming entrepreneurs and, adversely affects the poor”. Furthermore, it acts as a strong disincentive for younger people to stay on the land, which is also a worldwide problem. A Caribbean-wide study by FAO found that 98% of all producers surveyed had experienced produce theft, amounting to over 300,000 fisherfolk families and well over a million crop and livestock farmers. More than 90% of those interviewed agreed that it was the sing ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hurricane
A tropical cyclone is a rapidly rotating storm system with a low-pressure area, a closed low-level atmospheric circulation, strong winds, and a spiral arrangement of thunderstorms that produce heavy rain and squalls. Depending on its location and strength, a tropical cyclone is called a hurricane (), typhoon (), tropical storm, cyclonic storm, tropical depression, or simply cyclone. A hurricane is a strong tropical cyclone that occurs in the Atlantic Ocean or northeastern Pacific Ocean. A typhoon is the same thing which occurs in the northwestern Pacific Ocean. In the Indian Ocean and South Pacific, comparable storms are referred to as "tropical cyclones". In modern times, on average around 80 to 90 named tropical cyclones form each year around the world, over half of which develop hurricane-force winds of or more. Tropical cyclones typically form over large bodies of relatively warm water. They derive their energy through the evaporation of water from the ocean ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jamaican Free Zones
The Jamaican Free Zones are a government free trade zone initiative in Jamaica. Designed to encourage foreign investment and international trade, businesses operating within these zones have no tax on their profits, and are exempted from customs duties on imports and exports (capital goods, raw materials, construction materials, and office equipment) and import licensing requirements. They must export 85 percent of their products outside the Caribbean Community (CARICOM). Free trade zones There are five Jamaican Free Zones: *Kingston Free Zone (KFZ) in Kingston was established in 1976 on land adjacent to the Kingston Container Terminal. It was the first free zone established in Jamaica. The site contains of factory space. *Montego Bay Free Zone (MBFZ) in Montego Bay was established in 1985 on a site southwest of the city. It has of factory/office space. An additional of space is being added specifically for information technology. *Garmex Free Zone *Hayes Free Zone *Cazo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jamaica
Jamaica is an island country in the Caribbean Sea and the West Indies. At , it is the third-largest island—after Cuba and Hispaniola—of the Greater Antilles and the Caribbean. Jamaica lies about south of Cuba, west of Hispaniola (the island containing Haiti and the Dominican Republic), and southeast of the Cayman Islands (a British Overseas Territories, British Overseas Territory). With million people, Jamaica is the third most populous English-speaking world, Anglophone country in the Americas and the fourth most populous country in the Caribbean. Kingston, Jamaica, Kingston is the country's capital and largest city. The indigenous Taíno peoples of the island gradually came under Spanish Empire, Spanish rule after the arrival of Christopher Columbus in 1494. Many of the indigenous people either were killed or died of diseases, after which the Spanish brought large numbers of Africans to Jamaica as slaves. The island remained a possession of Spain, under the name Colo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fitch Group
Fitch Ratings Inc. is an American credit rating agency. It is one of the three nationally recognized statistical rating organizations (NRSRO) designated by the U.S. Securities and Exchange Commission and is considered as being one of the " Big Three credit rating agencies", along with Moody's and Standard & Poor's. History Fitch Ratings is dual headquartered in New York and London. Hearst owns 100 percent of the company following its acquisition of an additional 20 percent for $2.8 billion on April 12, 2018. Hearst had owned 80 percent of the company after increasing its ownership stake by 30 percent on December 12, 2014, in a transaction valued at $1.965 billion. Hearst's previous equity interest was 80 percent following expansions on an original acquisition of 20 percent interest in 2006. Hearst had jointly owned Fitch with FIMALAC SA, which held 20 percent of the company until the 2018 transaction. Fitch Ratings and Fitch Solutions are part of the Fitch Group. The fi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Moody's
Moody's Ratings, previously and still legally known as Moody's Investors Service and often referred to as Moody's, is the bond credit rating business of Moody's Corporation, representing the company's traditional line of business and its historical name. Moody's Ratings provides international financial research on bonds issued by commercial and government entities. Moody's, along with Standard & Poor's and Fitch Group, is considered one of the Big Three credit rating agencies. It is also included in the ''Fortune'' 500 list of 2021. The company ranks the creditworthiness of borrowers using a standardized ratings scale which measures expected investor loss in the event of default. Moody's Ratings rates debt securities in several bond market segments. These include government, municipal and corporate bonds; managed investments such as money market funds and fixed-income funds; financial institutions including banks and non-bank finance companies; and asset classes in struct ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Standard & Poor's
S&P Global Ratings (previously Standard & Poor's and informally known as S&P) is an American credit rating agency (CRA) and a division of S&P Global that publishes financial research and analysis on stocks, bonds, and commodities. S&P is considered the largest of the Big Three credit-rating agencies, which also include Moody's Ratings and Fitch Ratings. Its head office is located on 55 Water Street in Lower Manhattan, New York City. Corporate history The company traces its history back to 1860, with the publication by Henry Varnum Poor of ''History of Railroads and Canals in the United States''. This book compiled comprehensive information about the financial and operational state of U.S. railroad companies. In 1868, Henry Varnum Poor established H.V. and H.W. Poor Co. with his son, Henry William Poor, and published two annually updated hardback guidebooks, '' Poor's Manual of the Railroads of the United States'' and ''Poor's Directory of Railway Officials''. In 1906, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
