Anguilla News covers Anguilla
 |
|
Anguilla News
Bridging
Gaps & Expanding Horizons. |
|
|
|
|
|
Anguilla News covers Anguilla and the wider
Caribbean.
|
|
|
|
|
|
|
|
|
|
|
|
x |
|
|
|
IMF calls
on Caribbean governments to stop use of tax incentives to
attract Foreign Investment |
May 9, 2007: The International Monetary Fund (IMF)
has called on Caribbean governments to stop the use of
costly tax incentives to attract foreign direct investment (FDI)
into the region.
The call came from Markus H Rodlauer, deputy director
of the Fund’s Western Hemisphere Department and his
colleague, Max A Alier, mission chief T&T who are currently
in Trinidad and Tobago to present the IMF’s regional
economic outlook. Their regional economic outlook paints a
rosy picture of the Caribbean, saying that in 2006 the
region enjoyed some of the highest growth rates it has had
in years. They said that at 5 1/4 per cent, economic growth
remained robust in the region.
Despite the rosy image however, they identified the use of
tax concessions as one of the challenges still facing the
region. The IMF representatives said it would be ideal if
all Caribbean countries came together and agreed to stop
using tax incentives however they did acknowledge that given
the realities of competition for investment among regional
states, this is probably unlikely to happen. |
|
Anguilla Business Quick Links
|
