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Coordinating Revenue Incentive Policies in the Caribbean

Author : Ding Ding

Publisher :

Page : 32 pages

File Size : 44,67 MB

Release : 2020-08-28

Category :

ISBN : 9781513555973

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Book Description

The pervasive use of tax incentives is costly for the Caribbean countries, yet the benefits seem limited. Better policy coordination at the regional level is needed to help overcome the collective action problems and generate more revenue to support the much-needed infrastructure investment. Using the region's Citizenship-by-Investment (CBI) programs as an example, we also show that a price-quantity coordination mechanism can help achieve an efficient outcome with greater CBI incomes for member countries.



Eastern Caribbean Currency Union

Author : International Monetary Fund. Western Hemisphere Dept.

Publisher : International Monetary Fund

Page : 53 pages

File Size : 28,27 MB

Release : 2020-03-05

Category : Business & Economics

ISBN : 1513536265

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Book Description

This Selected Issues paper focuses on the need and importance of fiscal integration for the Eastern Caribbean Currency Union (ECCU). The continued success of the currency union can be solidified by greater fiscal policy integration. Against the growing intensity of external shocks, country-level fiscal policies remain as the most important policy lever. Regional fiscal policy coordination could usefully supplement national policies in dealing with adverse shocks. Such coordination can potentially create fiscal and policy space along several dimensions. Internationally, fiscal integration takes many forms, depending on the interconnectedness of member economies and their willingness to give up fiscal autonomy. The analysis shows there is scope for tangibly improving tax incentives and rebalancing them toward those that are more effective, while using higher revenues to attract investment also through better infrastructure. Regional coordination could significantly support and accelerate those processes.



Revenue Mobilization in Developing Countries

Author : International Monetary Fund. Fiscal Affairs Dept.

Publisher : International Monetary Fund

Page : 86 pages

File Size : 19,59 MB

Release : 2011-08-03

Category : Business & Economics

ISBN : 1498339247

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Book Description

The Fund has long played a lead role in supporting developing countries’ efforts to improve their revenue mobilization. This paper draws on that experience to review issues and good practice, and to assess prospects in this key area.



The Eastern Caribbean Economic and Currency Union

Author : Mr.Alfred Schipke

Publisher : International Monetary Fund

Page : 546 pages

File Size : 16,93 MB

Release : 2013-04-10

Category : Business & Economics

ISBN : 1616352655

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Book Description

The Eastern Caribbean Economic and Currency Union (OECS/ECCU) is one of four currency unions in the world. As in other parts of the world in the aftermath of the global economic and financial crisis, the region is at a crossroads, facing the major challenges of creating jobs, making growth more inclusive, reforming the banking system, and managing volatility, while grappling with high public debt and persistent low economic growth. Policymakers have the critical task of implementing strong reforms to strengthen the monetary union while also laying the foundation for accelerating growth. This Handbook provides a comprehensive analysis of the key issues in the OECS/ECCU, including its organization and economic and financial sector linkages, and provides policy recommendations to foster economic growth.



A Mandate to Grow

Author : Eduardo A. Cavallo

Publisher : Inter-American Development Bank

Page : 121 pages

File Size : 33,89 MB

Release : 2018-03-15

Category : Business & Economics

ISBN :

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Book Description

The 2018 Macroeconomic Report, A Mandate to Grow, revisits the growth debate that has been raging in the region for the past half century. Viewing the debate from this long-term perspective allows for a focus on the structural factors that have prevented Latin America and the Caribbean from reaching the growth potential required to keep pace with faster growing regions and to fulfill the aspirations of its population.



The Caribbean

Author : Mr.Sanjaya P Panth

Publisher : International Monetary Fund

Page : 143 pages

File Size : 37,55 MB

Release : 2008-10-09

Category : Business & Economics

ISBN : 1589067932

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Book Description

The Caribbean has made substantial progress in recent years in implementing economic reforms, both at the national and regional level. The Caribbean: Enhancing Economic Integration examines the product of the efforts made by Caribbean policymakers to strengthen regional cooperation and integration, which has yielded economic transformation and tighter integration with the global economy. This volume discusses regional financial integration as a means of deepening financial systems and raising regional growth; the relationship between tax incentives and investment, where harmonized regional action is important in seeking to overcome collective actions problems; and the consequences for the Caribbean of the erosion of trade preferences in key export markets. The book is based on empirical research carried out as part of the IMF's regional surveillance work in the Caribbean.



Institutional Frameworks for Social Policy in Latin America and the Caribbean

Author : Rodrigo Martínez

Publisher : UN

Page : 312 pages

File Size : 41,6 MB

Release : 2018

Category : Political Science

ISBN :

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Book Description

Foreword .-- Introduction .-- Part 1. Social policy institutions. -- Chapter I. Institutional framework for social development / Rodrigo Martínez, Carlos Maldonado Valera .-- Chapter II. Social development and social protection institutions in Latin America and the Caribbean: overview and challenges / Rodrigo Martínez, Carlos Maldonado Valera .-- Part 2. Components and institutional framewoek of social protection. -- Chapter III. Labour market regulation and social protection: institutional challenges / Mario D. Velásquez Pinto .-- Chapter IV. Institutional aspects of Latin America's pension systems / Andras Uthoff .-- Chapter V. Care as a pillar of social protection: rights, policies and institutions in Latin America / María Nieves Rico, Claudia Robles .-- Part 3. Policies for specific populations and their institutional framework .-- Chapter VI. Life cycle and social policies: youth institutions in the region / Daniela Trucco .-- Chapter VII. Disability and public policy: institutional progress and challenges in Latin America / Heidi Ullmann .-- Chapter VIII. Latin American Afrodescendants: institutional framework and public policies / Marta Rangel.



Strengthening Domestic Resource Mobilization

Author : Raul Felix Junquera-Varela

Publisher : World Bank Publications

Page : 228 pages

File Size : 48,79 MB

Release : 2017-06-29

Category : Business & Economics

ISBN : 1464810745

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Book Description

Public spending plays a key role in the economic growth and development of most developing economies. This book analyzes revenues, policy, and administration of Domestic Resource Mobilization (DRM) in developing countries. It provides a broad landscape of practical examples, drawing from lessons learned in World Bank operations across Global Practices over the past several decades. It should be thought of as a starting point for a more comprehensive research agenda rather than a complete inventory itself. This book reviews the trends in tax revenue collection in developing countries. It provides an overview of efforts to close the revenue gap, many of which have been supported by World Bank operations. The book reviews the special challenges facing low income countries, which have traditionally relied on indirect revenues in the context of limited formalization of their economies. An overview of tax policy and administration reform programs is presented, with an overview of outstanding issues that will shape the policy agenda in years ahead.



Fiscal Policy and Long-Term Growth

Author : International Monetary Fund

Publisher : International Monetary Fund

Page : 257 pages

File Size : 24,31 MB

Release : 2015-04-20

Category : Business & Economics

ISBN : 1498344658

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Book Description

This paper explores how fiscal policy can affect medium- to long-term growth. It identifies the main channels through which fiscal policy can influence growth and distills practical lessons for policymakers. The particular mix of policy measures, however, will depend on country-specific conditions, capacities, and preferences. The paper draws on the Fund’s extensive technical assistance on fiscal reforms as well as several analytical studies, including a novel approach for country studies, a statistical analysis of growth accelerations following fiscal reforms, and simulations of an endogenous growth model.



Tax Administration Reforms in the Caribbean

Author : Stephane Schlotterbeck

Publisher : International Monetary Fund

Page : 46 pages

File Size : 31,17 MB

Release : 2017-04-04

Category : Business & Economics

ISBN : 1475592612

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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.