Coordinating Revenue Incentive Policies in the Caribbean

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

No 2020/176, IMF Working Papers from International Monetary Fund

Abstract: 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.

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 (search for similar items in EconPapers)
Pages: 32
Date: 2020-08-28
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=49707 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfwpa:2020/176

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Working Papers from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().