01873cas a2200241 a 4500 AALejournalIMF017564 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475592610 1018-5941 BD-DhAAL BD-DhAAL Schlotterbeck, Stephane. Tax Administration Reforms in the Caribbean : Challenges, Achievements, and Next Steps / Stephane Schlotterbeck. Washington, D.C. : International Monetary Fund, 2017. 1 online resource (46 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 Over the past decade, governments in the Caribbean region have introduced the value-added tax (VAT) to modernize their tax system, rapidly mobilize revenue and reduce budget deficits. This paper analyzes VAT performance in the region and concludes that while it has boosted revenues, the VAT has not reached its potential. Intended as a broad-based tax with limited exemptions, a single rate and zero-rating confined to exports, the VAT's design often lacks these characteristics. The paper also finds that although tax administration reforms can boost revenues, countries have just started to address organizational inefficiencies, data integrity issues, and operational ineffectiveness. These reforms need to intensify in order to have a more significant impact on compliance and revenue. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2017/088 Full text available on IMF http://elibrary.imf.org/view/journals/001/2017/088/001.2017.issue-088-en.xml IMF e-Library