New Frontier Limited is considered a medium size unregulated distribution company and has been in operation for
Question:
New Frontier Limited is considered a medium size unregulated distribution company and has been in operation for the past 7 years. The company is located at 10 Newly Road, Kingston 5, Jamaica. The company is a registered taxpayer with TRN# 105-156-885.
In addition to the distribution business, the company also owns properties for which it earns rental income. New Frontier Limited is keen on expansion and is looking to the overseas market to increase profitability and growth.
The company wants to fulfil its obligations to its customers, shareholders, employees, contractors and the community at large. With an attitude of service and a commitment to nation building, New Frontier Limited is seeking to be a world leader in its sector.
The company is big on philanthropy and it is ensuring that it gives back to its stakeholders and the community in which it operates.
Question:
How can Tax Administration Jamaica help companies such as New Frontier Limited to become more tax compliant and overcome the enticement of tax avoidance and tax evasion?
Your answer should be supported by practical examples.
Expert Answer:
There are a number of ways in which Tax Administration Jamaica TA J can help companies such as New F... View the full answer
