Coordinating Revenue Incentive Policies in the Caribbean
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Summary:
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.
Series:
Working Paper No. 2020/176
Subject:
Balance of payments Competition Corporate income tax Environment Financial markets Foreign direct investment Natural disasters Tax incentives Taxes
Frequency:
regular
English
Publication Date:
August 28, 2020
ISBN/ISSN:
9781513555973/1018-5941
Stock No:
WPIEA2020176
Pages:
32
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