IMF Working Papers

Coordinating Revenue Incentive Policies in the Caribbean

ByDing Ding, Samira Kalla, Manuel Rosales Torres, Abdoul Karim Sidibé

August 28, 2020

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Ding Ding, Samira Kalla, Manuel Rosales Torres, and Abdoul Karim Sidibé. "Coordinating Revenue Incentive Policies in the Caribbean", IMF Working Papers 2020, 176 (2020), accessed 12/26/2025, https://doi.org/10.5089/9781513555973.001

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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.

Subject: Balance of payments, Competition, Corporate income tax, Environment, Financial markets, Foreign direct investment, Natural disasters, Tax incentives, Taxes

Keywords: Caribbean, citizenship-by-investment, Competition, competition model, Corporate income tax, country, ECCU citizenship program, ECCU country, ECCU member country, foregone revenue, Foreign direct investment, incentive policy, Natural disasters, price, regimes in the ECCU, regional policy coordination, revenue, tax competition, Tax incentives, tourism, tourism sector, type country, WP

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