The umbrella Private Sector Organisation of Jamaica (PSOJ) is disclaiming responsibility for a report issued by an unnamed private sector committee that discounted the Jamaica Labour Party’s (JLP) income tax plan.

CEO of the PSOJ Dennis Chung said news of the committee’s report broke late Friday while the leadership of the PSOJ was on its way from Montego Bay after a two-day meeting.

“We were unaware of the report. We did not issue that release,” said Chung. “We have not had a chance to discuss it.”

Chung said the PSOJ would meet to discuss the issue today, following which a statement would be issued.

The unnamed private sector committee presented its findings after what it said was a “quantitative and qualitative analysis” of the proposals presented by JLP and Opposition Leader Andrew Holness.

Holness, in a national broadcast, said the JLP, if elected to office, would “get rid of personal income tax for everyone who earns a gross salary of $1.5 million or less”.

The income tax proposal was part of a 10-point plan that a government led by him would implement for economic growth.

The ruling People’s National Party and Finance Minister Dr Peter Phillips said the JLP’s income tax plan could not work, as it would create a funding gap and ran the risk of derailing the economic reform programme approved by the International Monetary Fund.