UID:
edoccha_9960178128902883
Format:
1 online resource (42 pages)
ISBN:
1-4843-3877-4
Series Statement:
IMF Working Papers
Content:
We review the current state of the West African Economic and Monetary Union’s tax coordination framework, against the main objectives of the WAEMU Treaty of 1994: reduce distortions to intra-community trade, and mobilize domestic tax revenue. The process of tax coordination in WAEMU is one of the most advanced in the world—de jure at least—, but remains in many areas ineffective de facto. Nevertheless, the framework has, to some extent, succeeded in converging tax systems, particularly statutory tax rates, and may have contributed to improving revenue mobilisation. Important lessons can be drawn from the WAEMU experience, particularly in terms of whether coordination should take the form of harmonization through a top-down approach, or a softer approach of sharing best practice and limiting certain types of tax competition.
Note:
Cover -- Contents -- Abstract -- I. Introduction -- II. Evolution of the Tax Coordination Framework -- III. Application of the Framework in Member States -- IV. Special Tax Regimes: The Achilles' Heel of Tax Coordination -- V. Experience with Revenue Mobilization -- VI. Lessons learned and Concluding Remarks -- Tables -- 1. Rates under the WAEMU Directive on Excise Taxes -- 2. WAEMU Directive on Taxation of Investment Income -- 3. Main Features of WAEMU Multilateral Tax Treaty -- 4. Excise Tax Rates in Six WAEMU States -- 5. Tax Rates on Profits and Minimum Taxes in WAEMU States -- 2011 -- 6. Summary of Tax Incentives Provided by WAEMU States' Investment Codes -- Figures -- 1. WAEMU Trade in Goods -- 1990, 2000, and 2010 -- 2. Structure of Tax Revenues in WAEMU -- 1980-2010 -- 3. Corporate Tax Rates and Revenue in WAEMU -- 1980-2010 -- 4. Structure of Tax Revenues in WAEMU States -- 1980-2010 -- 5. Change in Tax Revenues in Selected SSA Groups -- 2000 and 2010 -- Boxes -- 1. Tax Coordination, Tax Cooperation, and Tax Harmonization -- Appendixes -- I. Tax Revenues in Selected SSA Groups -- 2000 and 2010 -- References.
Additional Edition:
ISBN 1-4843-5421-4
Additional Edition:
ISBN 1-58906-778-9
Language:
English
