The Fiscal Effects of Tariff Reduction in the Caribbean Community
AbstractThis paper explores the fiscal effects of tariff reduction for the Caribbean Community.The paper concludes that Caribbean countries are likely to experience short-run revenue shortfall as a consequence of trade liberalization. Indications are that the shortfall could be as much as a 45 per cent decline in customs duties. In order to mitigate this substantial effect, the ongoing efforts at fiscal reform must continue, paying particular attention to lowering tax exemptions, enhancing indirect tax systems, improving tax collection and administration and modifying the tax structure to reflect lower dependence on trade taxes for fiscal receipts.
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Bibliographic InfoPaper provided by EconWPA in its series Public Economics with number 0511018.
Length: 38 pages
Date of creation: 26 Nov 2005
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Note: Type of Document - pdf; pages: 38
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Find related papers by JEL classification:
- D6 - Microeconomics - - Welfare Economics
- D7 - Microeconomics - - Analysis of Collective Decision-Making
- H - Public Economics
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