Format:
Online-Ressource (73 p)
Edition:
Online-Ausg.
ISBN:
1484377710
,
9781484377710
Series Statement:
IMF Staff Country Reports Country Report No. 14/17
Content:
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
Additional Edition:
Erscheint auch als Druck-Ausgabe The Bahamas: Tax Reforms for Increased Buoyancy Washington, D.C. : International Monetary Fund, 2014 ISBN 9781484377710
Language:
English
DOI:
10.5089/9781484377710.002
