The GCT and SCT are critically important revenue sources in Jamaica, accounting for 37.4 percent of total revenues in fiscal year 2003/04 (27.7 percent for GCT alone) and an estimated 11.2 percent of GDP (8.3 percent for GCT alone). In this paper we set out in some detail the present structure...

The macroeconomic picture suggests that the only viable option for maintaining a given level of public services for transition countries facing revenue volatility or shortfalls is to optimize public spending so that expenditures may be reduced while minimizing disruptions to the provision of...

An empiricial investigation of uncertain tax policy and investment is crucial to a fuller understanding of the interplay between taxes and investment, especially given ambiguities in the limited theoretical literature. In this paper we model the time series of effective tax rates in several OECD...

In Jamaica, as in most countries, consumption taxes in the form of a value-added tax called the General Consumption Tax (GCT) and several excise taxes collectively known as the Special Consumption Tax (SCT) are critically important revenue sources, accounting for 37.4 percent of total revenues...

In Jamaica, as in most countries, consumption taxes in the form of a value-added tax called the general consumption tax (GCT) and several excise taxes collectively known as the special consumption tax (SCT) are critically important revenue sources, accounting for 37.4 percent of total revenues...