Wednesday, October 29, 2014

Caribbean Countries Should coordinate Tax Incentives

Caribbean countries will have to look at coordinating tax incentives when attracting foreign
investment as a means of addressing issues of economic growth said Economic Professor Dr. Nouriel Roubini addressing finance officials of various Caribbean countries at a High Level Caribbean Forum organized by the International Monetary Fund (IMF). “The key thing is try to coordinate to make sure there is no kind of free riding. That might be easier said than done,” Dr. Roubini said. He explained that tax incentives might work for small islands seeking to attract some large scale investment. He noted though that the level of business from these investments must compensate for the incentives. “There is a significant amount of waste and inefficiency and even these countries that are energy imported, they can do much more in terms of reducing the inefficiency,” Dr. Roubini said. - See more at:

Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics
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