The Bahamas : Tax Reforms for Increased Buoyancy.

This paper focuses on tax reforms for increased buoyancy in The Bahamas. The Bahamas has a low tax effort owing to limited tax handles and underutilization of available ones. Real property tax collections as percent of GDP have doubled within a decade. In addition to the real property taxes, a gradu...

पूर्ण विवरण

ग्रंथसूची विवरण
निगमित लेखक: International Monetary Fund. Fiscal Affairs Dept
स्वरूप: पत्रिका
भाषा:English
प्रकाशित: Washington, D.C. : International Monetary Fund, 2014.
श्रृंखला:IMF Staff Country Reports; Country Report ; No. 2014/017
ऑनलाइन पहुंच:Full text available on IMF
विवरण
सारांश:This paper focuses on tax reforms for increased buoyancy in The Bahamas. The Bahamas has a low tax effort owing to limited tax handles and underutilization of available ones. Real property tax collections as percent of GDP have doubled within a decade. In addition to the real property taxes, a graduated stamp duty on the conveyance of immovable property is imposed at fairly steep rates. As a requirement to World Trade Organization membership, the tariff rates will be lowered from their current levels. It is expected that revenue losses from tariff reduction will be compensated by value-added tax revenues.
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भौतिक वर्णन:1 online resource (73 pages)
स्वरूप:Mode of access: Internet
आईएसएसएन:1934-7685
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