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Coordinating Revenue Incentive Policies in the Caribbean
Author:
Ding Ding
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,
Samira Kalla null

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Mr. Manuel Rosales Torres
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Abdoul Karim Sidibé null

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Series:
IMF Working Papers
Volume/Issue:
Volume 2020: Issue 176
Language:
English
Publication Date:
28 Aug 2020
DOI:
https://doi.org/10.5089/9781513555973.001
ISBN:
9781513555973
ISSN:
1018-5941
Pages:
32
Keywords:
WP; revenue; ECCU country; price; country; foregone revenue; incentive policy; type country; tourism sector; regimes in the ECCU; Tax incentives; Corporate income tax; Foreign direct investment; Natural disasters; Competition; Caribbean; tax competition; tourism; citizenship-by-investment; regional policy coordination; competition model; ECCU member country; ECCU citizenship program
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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.
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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.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund