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VAT: Is it Suitable for the Caribbean Community?

Author

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  • Peters, Amos C
  • Bristol, Marlon A

Abstract

The Caribbean Community is in transition, moving toward a liberalized trade environment with low tariffs. Tax reform is at the forefront of the policy response since traditional sources of tax revenue such as import duties are on the decline. This paper evaluates the suitability of the VAT to countries of the Caribbean Community. We examine theoretical arguments, practical experiences of the Caribbean with the VAT and the economic and tax characteristics of the Caribbean. We conclude by supporting VAT implementation in the Caribbean Community. This paper also reflects a comprehensive survey of tax reform efforts in the Caribbean.

Suggested Citation

  • Peters, Amos C & Bristol, Marlon A, 2006. "VAT: Is it Suitable for the Caribbean Community?," MPRA Paper 8, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:8
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    File URL: https://mpra.ub.uni-muenchen.de/8/1/MPRA_paper_8.pdf
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    References listed on IDEAS

    as
    1. Joshua Aizenman & Yothin Jinjarak, 2008. "The collection efficiency of the Value Added Tax: Theory and international evidence," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 17(3), pages 391-410.
    2. Baunsgaard, Thomas & Keen, Michael, 2010. "Tax revenue and (or?) trade liberalization," Journal of Public Economics, Elsevier, vol. 94(9-10), pages 563-577, October.
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    Cited by:

    1. Preeya Mohan & Eric Strobl, 2021. "The impact of tropical storms on tax revenue," Journal of International Development, John Wiley & Sons, Ltd., vol. 33(3), pages 472-489, April.

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    More about this item

    Keywords

    Value Added Tax; Caribbean Community;

    JEL classification:

    • H21 - Public Economics - - Taxation, Subsidies, and Revenue - - - Efficiency; Optimal Taxation
    • H27 - Public Economics - - Taxation, Subsidies, and Revenue - - - Other Sources of Revenue
    • H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General
    • H2 - Public Economics - - Taxation, Subsidies, and Revenue

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