6 Things You Need To Know Today – July 22, 2015

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  1. FATCA Takes Effect Next Month. Effective August 17, financial institutions in Jamaica will be required to transmit relevant financial information to Tax Administration Jamaica (TAJ) – the competent authority – on persons who reside permanently in the United States (US) or persons who earn a substantial amount of their income from or within the United States… Read more at Jamaica-Gleaner.com

  2. Parent-Teacher Body Left Out Of School-Closure Talks. The National Parent-Teacher Association of Jamaica (NPTAJ) has expressed disappointment that it has been left out of discussions surrounding the announced closure of underpopulated primary schools… Read more at Jamaica-Gleaner.com

  3. Jamaica Teachers’ Association Reveals How Stolen Funds Bought High-End Properties. Within a seven-month period, the man accused of defrauding the Jamaica Teachers’ Association (JTA) of approximately $95 million was able to acquire three properties valued at $64 million without a mortgage, despite earning an annual salary of $1.5 million, the teachers’ union has claimed in court documents… Read more at Jamaica-Gleaner.com

  4. ‘Quit Foot-Dragging With Weed’. In calling for the crafting of a road map to develop the fledgling ganja industry, Delano Seiveright, a director of the Cannabis Commercial and Medicinal Research Task Force, has renewed his warning that foot-dragging could result in the loss of potential economic advantages… Read more at Jamaica-Gleaner.com

  5. KSAC Registering Vendors. The Kingston and St Andrew Corporation (KSAC) will be undertaking a vendor registration programme from July 21 to August 31, as it seeks to maintain order in the market districts… Read more at Jamaica-Gleaner.com

  6. JAAA President Weighs In On Athlete Transfers. The ‘transfer’ of Jamaican athletes Shericka Williams, Kemarley Brown and Andrew Fisher to Bahrain is still being processed, but while he isn’t too concerned, Jamaica Athletics Administrative Association (JAAA) boss Dr Warren Blake admits that a trend seems to be developing… Read more at Jamaica-Gleaner.com