CARIBBEAN COMMUNITY SECRETARIAT - PowerPoint PPT Presentation

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CARIBBEAN COMMUNITY SECRETARIAT PowerPoint Presentation
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CARIBBEAN COMMUNITY SECRETARIAT

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CARIBBEAN COMMUNITY SECRETARIAT
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CARIBBEAN COMMUNITY SECRETARIAT

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  1. CARIBBEAN COMMUNITY SECRETARIAT The implications for tax administration of the csme july, 2006 Lenox forte

  2. Implications of the CSME • the immediate reduction in revenue from traditional sources • the shift in economic activity and trade • Possible rise in intra-regional trade • the production of more intangible commodities • the possibility of higher leakages • Difficulties in applying traditional methods of collection

  3. Workshop Tasks – Group I • Identify areas in our national legislation and administrative procedures that restrict the sharing of information across national tax administrations and propose changes • Identify areas and methods of collaboration with other agencies that might facilitate the identification and capture of potential sources of taxation;

  4. Workshop Tasks – Group II • Identify areas and mechanisms that would promote cross border collaboration in tax administration on a daily basis

  5. Workshop Tasks – Group III • Examine technological applications that could assist in lowering cost to the taxpayer and encourage compliance • Identify international developments in tax administration that threaten to make the region a high taxation location for investment and technological innovation; • Identify potential areas of tax evasion facilitated by the CSME process that a regional approach would be a superior solution to national efforts

  6. Workshop Tasks – Group IV • Consider a schedule or plan of action for the advancement of an agenda for reform. Identification of possible sources of financing for the reform programme