Author: Stephane Schlotterbeck
Publisher: International Monetary Fund
ISBN: 1475592779
Category : Business & Economics
Languages : en
Pages : 46
Book Description
Over the past decade, governments in the Caribbean region have introduced the value-added tax (VAT) to modernize their tax system, rapidly mobilize revenue and reduce budget deficits. This paper analyzes VAT performance in the region and concludes that while it has boosted revenues, the VAT has not reached its potential. Intended as a broad-based tax with limited exemptions, a single rate and zero-rating confined to exports, the VAT’s design often lacks these characteristics. The paper also finds that although tax administration reforms can boost revenues, countries have just started to address organizational inefficiencies, data integrity issues, and operational ineffectiveness. These reforms need to intensify in order to have a more significant impact on compliance and revenue.
Tax Administration Reforms in the Caribbean
Author: Stephane Schlotterbeck
Publisher: International Monetary Fund
ISBN: 1475592779
Category : Business & Economics
Languages : en
Pages : 46
Book Description
Over the past decade, governments in the Caribbean region have introduced the value-added tax (VAT) to modernize their tax system, rapidly mobilize revenue and reduce budget deficits. This paper analyzes VAT performance in the region and concludes that while it has boosted revenues, the VAT has not reached its potential. Intended as a broad-based tax with limited exemptions, a single rate and zero-rating confined to exports, the VAT’s design often lacks these characteristics. The paper also finds that although tax administration reforms can boost revenues, countries have just started to address organizational inefficiencies, data integrity issues, and operational ineffectiveness. These reforms need to intensify in order to have a more significant impact on compliance and revenue.
Publisher: International Monetary Fund
ISBN: 1475592779
Category : Business & Economics
Languages : en
Pages : 46
Book Description
Over the past decade, governments in the Caribbean region have introduced the value-added tax (VAT) to modernize their tax system, rapidly mobilize revenue and reduce budget deficits. This paper analyzes VAT performance in the region and concludes that while it has boosted revenues, the VAT has not reached its potential. Intended as a broad-based tax with limited exemptions, a single rate and zero-rating confined to exports, the VAT’s design often lacks these characteristics. The paper also finds that although tax administration reforms can boost revenues, countries have just started to address organizational inefficiencies, data integrity issues, and operational ineffectiveness. These reforms need to intensify in order to have a more significant impact on compliance and revenue.
Tax Reform in the Caribbean
Author:
Publisher:
ISBN:
Category : Caribbean Area
Languages : en
Pages : 224
Book Description
Publisher:
ISBN:
Category : Caribbean Area
Languages : en
Pages : 224
Book Description
New Approaches to Taxation and Tax Administration in the Eastern Caribbean Currency Union
Author:
Publisher:
ISBN:
Category : Tax administration and procedure
Languages : en
Pages :
Book Description
Publisher:
ISBN:
Category : Tax administration and procedure
Languages : en
Pages :
Book Description
More than Revenue
Author: Inter-American Development Bank
Publisher: Springer
ISBN: 1137315970
Category : Business & Economics
Languages : en
Pages : 341
Book Description
This exciting new volume provides an up-to-date overview of the current state of taxation in the Latin America and Caribbean (LAC) region, its main reform needs, and possible reform strategies that take into account the likely economic, institutional, and political constraints on the reform process.
Publisher: Springer
ISBN: 1137315970
Category : Business & Economics
Languages : en
Pages : 341
Book Description
This exciting new volume provides an up-to-date overview of the current state of taxation in the Latin America and Caribbean (LAC) region, its main reform needs, and possible reform strategies that take into account the likely economic, institutional, and political constraints on the reform process.
Tax Reform in the Caribbean
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 209
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 209
Book Description
Structural Reform and Growth
Author: Kevin Greenidge
Publisher: International Monetary Fund
ISBN: 1484321812
Category : Business & Economics
Languages : en
Pages : 32
Book Description
Since the 1980’s with the introduction of IMF/WB adjustment programs structural reforms have been a core part of the reform agenda in the Caribbean. The paper reviewed the package of structural reforms in trade liberalization, financial liberalization and tax policy, and gauges their impact on growth. The paper used a set of reform indices to gauge both short-run and long-run effects of structural reforms on growth, controlling for other possible growth determinants using panel dynamic OLS estimation. In addition, recognizing the importance of institutions to growth the empirical analysis also analyzed the impact of institutional quality on growth for a sample of small states including the Caribbean. We concluded that the benefits of structural reforms are only seen over the long-term and in reinvigorating growth the reform effort needs to be revived and include greater attention to strengthening institutional quality.
Publisher: International Monetary Fund
ISBN: 1484321812
Category : Business & Economics
Languages : en
Pages : 32
Book Description
Since the 1980’s with the introduction of IMF/WB adjustment programs structural reforms have been a core part of the reform agenda in the Caribbean. The paper reviewed the package of structural reforms in trade liberalization, financial liberalization and tax policy, and gauges their impact on growth. The paper used a set of reform indices to gauge both short-run and long-run effects of structural reforms on growth, controlling for other possible growth determinants using panel dynamic OLS estimation. In addition, recognizing the importance of institutions to growth the empirical analysis also analyzed the impact of institutional quality on growth for a sample of small states including the Caribbean. We concluded that the benefits of structural reforms are only seen over the long-term and in reinvigorating growth the reform effort needs to be revived and include greater attention to strengthening institutional quality.
The Fiscal Experience in the Caribbean
Author: Ramesh Ramsaran
Publisher: Caribbean Center for Monetary Studies
ISBN:
Category : Caribbean Area
Languages : en
Pages : 808
Book Description
Publisher: Caribbean Center for Monetary Studies
ISBN:
Category : Caribbean Area
Languages : en
Pages : 808
Book Description
Tax Systems and Tax Reforms in Latin America
Author: Luigi Bernardi
Publisher: Routledge
ISBN: 1134068077
Category : Business & Economics
Languages : en
Pages : 364
Book Description
This book provides a comprehensive analysis of tax systems and tax reforms in a number of Latin American countries since the early 1990‘s, including Argentina and Brazil, Costa Rica and Mexico, Paraguay, Colombia, Chile and Uruguay. The authors present and discuss tax systems from a broad quantitative and historical perspective and describe the mai
Publisher: Routledge
ISBN: 1134068077
Category : Business & Economics
Languages : en
Pages : 364
Book Description
This book provides a comprehensive analysis of tax systems and tax reforms in a number of Latin American countries since the early 1990‘s, including Argentina and Brazil, Costa Rica and Mexico, Paraguay, Colombia, Chile and Uruguay. The authors present and discuss tax systems from a broad quantitative and historical perspective and describe the mai
Designing a Tax Administration Reform Strategy
Author: Ms.Katherine Baer
Publisher: International Monetary Fund
ISBN: 1451980396
Category : Business & Economics
Languages : en
Pages : 37
Book Description
Building on previous FAD work in the tax administration field, this paper defines broad criteria for diagnosing the problems in a country’s tax administration and formulating an appropriate reform strategy. To be effective, this strategy should be based on the size of the tax gap and the country’s particular circumstances. This paper discusses some guiding principles which have provided the basis for successful reforms, including: reducing the tax system’s complexity, encouraging taxpayers’ voluntary compliance, differentiating the treatment of taxpayers by their revenue potential, and ensuring the reform’s effective management. Also discussed are specific bottlenecks that hinder the effectiveness of the tax administration’s operations.
Publisher: International Monetary Fund
ISBN: 1451980396
Category : Business & Economics
Languages : en
Pages : 37
Book Description
Building on previous FAD work in the tax administration field, this paper defines broad criteria for diagnosing the problems in a country’s tax administration and formulating an appropriate reform strategy. To be effective, this strategy should be based on the size of the tax gap and the country’s particular circumstances. This paper discusses some guiding principles which have provided the basis for successful reforms, including: reducing the tax system’s complexity, encouraging taxpayers’ voluntary compliance, differentiating the treatment of taxpayers by their revenue potential, and ensuring the reform’s effective management. Also discussed are specific bottlenecks that hinder the effectiveness of the tax administration’s operations.
Tax Performance and Reform in the Organization of Eastern Caribbean States (OECS)
Author: United Nations. Economic Commission for Latin America and the Caribbean. Caribbean Development and Cooperation Committee
Publisher:
ISBN:
Category : Finance
Languages : en
Pages : 43
Book Description
Publisher:
ISBN:
Category : Finance
Languages : en
Pages : 43
Book Description