Coordinating Revenue Incentive Policies in the Caribbean

Author/Editor:

Ding Ding ; Samira Kalla ; Manuel Rosales Torres ; Abdoul Karim Sidibé

Publication Date:

August 28, 2020

Electronic Access:

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Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

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. 20/176

Frequency:

regular

English

Publication Date:

August 28, 2020

ISBN/ISSN:

9781513555973/1018-5941

Stock No:

WPIEA2020176

Format:

Paper

Pages:

32

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