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The Bahamas: Tax Reforms for Increased Buoyancy

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  • International Monetary Fund

Abstract

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.

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  • International Monetary Fund, 2014. "The Bahamas: Tax Reforms for Increased Buoyancy," IMF Staff Country Reports 2014/017, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2014/017
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    1. Carola Pessino & Ricardo Fenochietto, 2010. "Determining countries’ tax effort," Hacienda Pública Española / Review of Public Economics, IEF, vol. 195(4), pages 65-87, december.
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    5. repec:cup:cbooks:9780521877657 is not listed on IDEAS
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