01769cas a2200241 a 4500 AALejournalIMF004979 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451964776 1018-5941 BD-DhAAL BD-DhAAL Ben Nassar, Koffie. Corporate Income Tax Competition in the Caribbean / Koffie Ben Nassar. Washington, D.C. : International Monetary Fund, 2008. 1 online resource (22 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Motivated by the concern that corporate income tax (CIT) competition may have eroded the tax base, this paper calculates average effective tax rates to measure the impact of CIT competition, including the widespread use of tax holidays, on the tax base for 15 countries in the Caribbean. The results not only confirm erosion of the tax base, but also show that CIT holidays must be removed for recent tax policy initiatives (such as accelerated depreciation, loss carry forward provisions, and tax harmonization) to be effective. These findings suggest that the authorities should either avoid granting CIT holidays or rely more on other taxes (including consumption taxes such as the value-added tax) in order to broaden the tax base. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2008/077 Full text available on IMF http://elibrary.imf.org/view/journals/001/2008/077/001.2008.issue-077-en.xml IMF e-Library