Tax Concessions and Foreign Direct Investment in the Eastern Caribbean Currency Union

Download Tax Concessions and Foreign Direct Investment in the Eastern Caribbean Currency Union PDF Online Free

Author :
Publisher : International Monetary Fund
ISBN 13 : 1451871155
Total Pages : 35 pages
Book Rating : 4.4/5 (518 download)

DOWNLOAD NOW!


Book Synopsis Tax Concessions and Foreign Direct Investment in the Eastern Caribbean Currency Union by : Rishi Goyal

Download or read book Tax Concessions and Foreign Direct Investment in the Eastern Caribbean Currency Union written by Rishi Goyal and published by International Monetary Fund. This book was released on 2008-11-01 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tax concessions have been employed as a central component of the development strategy in the small island states comprising the Eastern Caribbean Currency Union. This paper compares the costs of concessions in terms of revenues forgone with the benefits in terms of increased foreign direct investment. The costs are very large, while the benefits appear to be marginal at best. Forgone tax revenues range between 91⁄2 and 16 percent of GDP per year, whereas total foreign direct investment does not appear to depend on concessions. A rethinking of the use of concessions in the region is needed urgently.

Tax Concessions and Foreign Direct Investment in the Eastern Caribbean Currency Union

Download Tax Concessions and Foreign Direct Investment in the Eastern Caribbean Currency Union PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.3/5 ( download)

DOWNLOAD NOW!


Book Synopsis Tax Concessions and Foreign Direct Investment in the Eastern Caribbean Currency Union by : Jingqing Chai

Download or read book Tax Concessions and Foreign Direct Investment in the Eastern Caribbean Currency Union written by Jingqing Chai and published by . This book was released on 2008 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tax concessions have been employed as a central component of the development strategy in the small island states comprising the Eastern Caribbean Currency Union. This paper compares the costs of concessions in terms of revenues forgone with the benefits in terms of increased foreign direct investment. The costs are very large, while the benefits appear to be marginal at best. Forgone tax revenues range between 9 1/2 and 16 percent of GDP per year, whereas total direct investment does not appear to depend on concessions. A rethinking of the use of concessions in the region is needed urgently.

Tax Concessions and Foreign Direct Investmant in the Eastern Caribbean Currency Union

Download Tax Concessions and Foreign Direct Investmant in the Eastern Caribbean Currency Union PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (64 download)

DOWNLOAD NOW!


Book Synopsis Tax Concessions and Foreign Direct Investmant in the Eastern Caribbean Currency Union by : Jingqing Chai

Download or read book Tax Concessions and Foreign Direct Investmant in the Eastern Caribbean Currency Union written by Jingqing Chai and published by . This book was released on 2008 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Eastern Caribbean Currency Union

Download Eastern Caribbean Currency Union PDF Online Free

Author :
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 27 pages
Book Rating : 4.4/5 (2 download)

DOWNLOAD NOW!


Book Synopsis Eastern Caribbean Currency Union by : International Monetary Fund. Western Hemisphere Dept.

Download or read book Eastern Caribbean Currency Union written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2024-04-25 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: Eastern Caribbean Currency Union: Selected Issues

Eastern Caribbean Currency Union: Selected Issues

Download Eastern Caribbean Currency Union: Selected Issues PDF Online Free

Author :
Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 : 9781451811742
Total Pages : 61 pages
Book Rating : 4.8/5 (117 download)

DOWNLOAD NOW!


Book Synopsis Eastern Caribbean Currency Union: Selected Issues by : International Monetary Fund

Download or read book Eastern Caribbean Currency Union: Selected Issues written by International Monetary Fund and published by INTERNATIONAL MONETARY FUND. This book was released on 2009-06-02 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Eastern Caribbean Currency Union (ECCU) countries' economies are heavily dependent on the United States for foreign direct investment, mainly in the tourism sector. The Selected Issues paper discusses economic development and policies of the ECCU. About one-third of the stayover tourists to the ECCU countries are from the United States., the top tourist-source country. The flow of remittances is also an important channel of influence, reflecting the significant proportion of Caribbean migrants living in the United States.

Tax Incentives and Investment in the Eastern Caribbean

Download Tax Incentives and Investment in the Eastern Caribbean PDF Online Free

Author :
Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 : 9781451862836
Total Pages : 29 pages
Book Rating : 4.8/5 (628 download)

DOWNLOAD NOW!


Book Synopsis Tax Incentives and Investment in the Eastern Caribbean by : Sebastian Sosa

Download or read book Tax Incentives and Investment in the Eastern Caribbean written by Sebastian Sosa and published by INTERNATIONAL MONETARY FUND. This book was released on 2006-01-01 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tax incentives have been used extensively in the countries of the Eastern Caribbean Currency Union (ECCU) to promote investment. The associated revenue losses are large, and benefits in terms of new investment have been limited, raising doubts about the cost effectiveness of the tax incentive schemes. This paper examines the effects of incentives using the marginal effective tax rate approach (METR), adapting this methodology to the case of a small open economy where the marginal investor is a nonresident. The results show that METRs are high in the region; that there is a large dispersion in the size of METRs across financing source; and that METRs on investment are larger than the overall distortion on capital, with a substantial subsidy to domestic saving. In the presence of tax holidays-the most common incentive scheme in the region-the distortion on capital basically vanishes.

Eastern Caribbean Currency Union

Download Eastern Caribbean Currency Union PDF Online Free

Author :
Publisher : International Monetary Fund
ISBN 13 : 1498300162
Total Pages : 67 pages
Book Rating : 4.4/5 (983 download)

DOWNLOAD NOW!


Book Synopsis Eastern Caribbean Currency Union by : International Monetary Fund. Western Hemisphere Dept.

Download or read book Eastern Caribbean Currency Union written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2019-02-22 with total page 67 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper presents a quantification of the long-term benefits of ex-ante resilient investment and insurance needs against natural disasters (ND) in Eastern Caribbean Currency Union (ECCU). Cost-benefit analysis of resilient investment based on a dynamic stochastic general equilibrium model tailored to small states and calibrated to all ECCU economies is also discussed in the paper. The model’s aggregate production function illustrates the interaction among the participating sectors and their contribution to output, ultimately informing the role of resilient investment. The study also quantifies government insurance coverage needs and costs using an empirical stochastic model that simulates NDs fiscal costs. The insurance needs are framed within the World Bank insurance layering framework. The results in this paper underscore the importance of a shift from ex-post recovery to a focus on ex-ante resilience building. Ex-ante resilient investment and insurance are key to the welfare and financial sustainability of the ECCU, given high intensity and recurrence of NDs.

Tax Incentives and Investment in the Eastern Caribbean

Download Tax Incentives and Investment in the Eastern Caribbean PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : 29 pages
Book Rating : 4.:/5 (129 download)

DOWNLOAD NOW!


Book Synopsis Tax Incentives and Investment in the Eastern Caribbean by : Sebastian R. Sosa Ravello

Download or read book Tax Incentives and Investment in the Eastern Caribbean written by Sebastian R. Sosa Ravello and published by . This book was released on 2006 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tax incentives have been used extensively in the countries of the Eastern Caribbean Currency Union (ECCU) to promote investment. The associated revenue losses are large, and benefits in terms of new investment have been limited, raising doubts about the cost effectiveness of the tax incentive schemes. This paper examines the effects of incentives using the marginal effective tax rate approach (METR), adapting this methodology to the case of a small open economy where the marginal investor is a nonresident. The results show that METRs are high in the region; that there is a large dispersion in the size of METRs across financing source; and that METRs on investment are larger than the overall distortion on capital, with a substantial subsidy to domestic saving. In the presence of tax holidays the most common incentive scheme in the region the distortion on capital basically vanishes.

Eastern Caribbean Currency Union

Download Eastern Caribbean Currency Union PDF Online Free

Author :
Publisher : International Monetary Fund
ISBN 13 : 145521390X
Total Pages : 90 pages
Book Rating : 4.4/5 (552 download)

DOWNLOAD NOW!


Book Synopsis Eastern Caribbean Currency Union by : International Monetary Fund

Download or read book Eastern Caribbean Currency Union written by International Monetary Fund and published by International Monetary Fund. This book was released on 2011-01-28 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt: Real regional gross domestic product (GDP) contracted by 6 percent in 2009, reflecting a collapse in tourist arrivals and foreign direct investment (FDI)-financed construction activity. The global financial and economic crisis has also exposed areas of significant weaknesses, notwithstanding reforms implemented by a number of member countries. Executive Directors concurred that the urgent challenge is fiscal consolidation. They noted IMF staff’s assessment that the real effective exchange rate (REER) appears broadly in line with current fundamentals.

The Eastern Caribbean Economic and Currency Union

Download The Eastern Caribbean Economic and Currency Union PDF Online Free

Author :
Publisher : International Monetary Fund
ISBN 13 : 1616352655
Total Pages : 546 pages
Book Rating : 4.6/5 (163 download)

DOWNLOAD NOW!


Book Synopsis The Eastern Caribbean Economic and Currency Union by : Mr.Alfred Schipke

Download or read book The Eastern Caribbean Economic and Currency Union written by Mr.Alfred Schipke and published by International Monetary Fund. This book was released on 2013-04-10 with total page 546 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Eastern Caribbean Economic and Currency Union (OECS/ECCU) is one of four currency unions in the world. As in other parts of the world in the aftermath of the global economic and financial crisis, the region is at a crossroads, facing the major challenges of creating jobs, making growth more inclusive, reforming the banking system, and managing volatility, while grappling with high public debt and persistent low economic growth. Policymakers have the critical task of implementing strong reforms to strengthen the monetary union while also laying the foundation for accelerating growth. This Handbook provides a comprehensive analysis of the key issues in the OECS/ECCU, including its organization and economic and financial sector linkages, and provides policy recommendations to foster economic growth.

The Eastern Caribbean Currency Union

Download The Eastern Caribbean Currency Union PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : 65 pages
Book Rating : 4.:/5 (476 download)

DOWNLOAD NOW!


Book Synopsis The Eastern Caribbean Currency Union by : International Monetary Fund

Download or read book The Eastern Caribbean Currency Union written by International Monetary Fund and published by . This book was released on 2000 with total page 65 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial system, money, capital market, economic developments, output, employment, prices, tourism, public finances, banking, monetary issues, fiscal policy.

Eastern Caribbean Currency Union

Download Eastern Caribbean Currency Union PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : 105 pages
Book Rating : 4.:/5 (86 download)

DOWNLOAD NOW!


Book Synopsis Eastern Caribbean Currency Union by : Fondo Monetario Internacional

Download or read book Eastern Caribbean Currency Union written by Fondo Monetario Internacional and published by . This book was released on 2007 with total page 105 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Eastern Caribbean Currency Union

Download Eastern Caribbean Currency Union PDF Online Free

Author :
Publisher : International Monetary Fund
ISBN 13 : 1513536265
Total Pages : 53 pages
Book Rating : 4.5/5 (135 download)

DOWNLOAD NOW!


Book Synopsis Eastern Caribbean Currency Union by : International Monetary Fund. Western Hemisphere Dept.

Download or read book Eastern Caribbean Currency Union written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2020-03-05 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper focuses on the need and importance of fiscal integration for the Eastern Caribbean Currency Union (ECCU). The continued success of the currency union can be solidified by greater fiscal policy integration. Against the growing intensity of external shocks, country-level fiscal policies remain as the most important policy lever. Regional fiscal policy coordination could usefully supplement national policies in dealing with adverse shocks. Such coordination can potentially create fiscal and policy space along several dimensions. Internationally, fiscal integration takes many forms, depending on the interconnectedness of member economies and their willingness to give up fiscal autonomy. The analysis shows there is scope for tangibly improving tax incentives and rebalancing them toward those that are more effective, while using higher revenues to attract investment also through better infrastructure. Regional coordination could significantly support and accelerate those processes.

Eastern Caribbean Currency Union

Download Eastern Caribbean Currency Union PDF Online Free

Author :
Publisher : International Monetary Fund
ISBN 13 : 145181173X
Total Pages : 97 pages
Book Rating : 4.4/5 (518 download)

DOWNLOAD NOW!


Book Synopsis Eastern Caribbean Currency Union by : International Monetary Fund

Download or read book Eastern Caribbean Currency Union written by International Monetary Fund and published by International Monetary Fund. This book was released on 2009-06-02 with total page 97 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Eastern Caribbean Currency Union (ECCU) countries financial system has increasingly come under stress particularly through weakly supervised nonbank and offshore financial sectors with knock-on effects to domestic banks. The staff report focuses on ECCU’s 2009 discussion on common policies of member countries on economic development and policies. In response, ECCU authorities have accelerated the establishment of national Single Regulatory Units and the passage of harmonized legislation to strengthen then regulation and supervision of nonbanks and offshore institutions.

Corporate Income Taxes under Pressure

Download Corporate Income Taxes under Pressure PDF Online Free

Author :
Publisher : International Monetary Fund
ISBN 13 : 1513511777
Total Pages : 388 pages
Book Rating : 4.5/5 (135 download)

DOWNLOAD NOW!


Book Synopsis Corporate Income Taxes under Pressure by : Ruud A. de Mooij

Download or read book Corporate Income Taxes under Pressure written by Ruud A. de Mooij and published by International Monetary Fund. This book was released on 2021-02-26 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book describes the difficulties of the current international corporate income tax system. It starts by describing its origins and how changes, such as the development of multinational enterprises and digitalization have created fundamental problems, not foreseen at its inception. These include tax competition—as governments try to attract tax bases through low tax rates or incentives, and profit shifting, as companies avoid tax by reporting profits in jurisdictions with lower tax rates. The book then discusses solutions, including both evolutionary changes to the current system and fundamental reform options. It covers both reform efforts already under way, for example under the Inclusive Framework at the OECD, and potential radical reform ideas developed by academics.

Eastern Caribbean Currency Union, Selected Issues

Download Eastern Caribbean Currency Union, Selected Issues PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : 168 pages
Book Rating : 4.F/5 ( download)

DOWNLOAD NOW!


Book Synopsis Eastern Caribbean Currency Union, Selected Issues by :

Download or read book Eastern Caribbean Currency Union, Selected Issues written by and published by . This book was released on 2005 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Global Tax Fairness

Download Global Tax Fairness PDF Online Free

Author :
Publisher : Oxford University Press
ISBN 13 : 0191038628
Total Pages : 371 pages
Book Rating : 4.1/5 (91 download)

DOWNLOAD NOW!


Book Synopsis Global Tax Fairness by : Thomas Pogge

Download or read book Global Tax Fairness written by Thomas Pogge and published by Oxford University Press. This book was released on 2016-02-04 with total page 371 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses sixteen different reform proposals that are urgently needed to correct the fault lines in the international tax system as it exists today, and which deprive both developing and developed countries of critical tax resources. It offers clear and concrete ideas on how the reforms can be achieved and why they are important for a more just and equitable global system to prevail. The key to reducing the tax gap and consequent human rights deficit in poor countries is global financial transparency. Such transparency is essential to curbing illicit financial flows that drain less developed countries of capital and tax revenues, and are an impediment to sustainable development. A major break-through for financial transparency is now within reach. The policy reforms outlined in this book not only advance tax justice but also protect human rights by curtailing illegal activity and making available more resources for development. While the reforms are realistic they require both political and an informed and engaged civil society that can put pressure on governments and policy makers to act.