| Autor: |
Worrell, DeLisle, Maynard, Tracy, Thomas, Chrystol, Doyle-Lowe, Michelle |
| Zdroj: |
Central Bank of Barbados Economic Review; Dec2012, Vol. 38 Issue 2, p5-19, 15p |
| Abstrakt: |
This study compares the yield of the value added tax (VAT) in Barbados with that of the prededing regime of consumption taxes. It employs various performance indicators based on the yield of taxes relative to the tax base (GDP and consumption) and the tax rate which examines the collection efficiency of taxes, as well as utilises the Proportional Adjustment method by Prest (1962) to determine elasticity and buoyancy ratios. The paper finds that (a) the proportion of indirect taxes in total revenue remained unchanged after the introduction of the VAT; (b) the yield of the VAT relative to the rate of tax was no higher than for the consumption tax in the period prior to its introduction; (c) the costs of administering the VAT and customs duties were about the same, relative to their yields, before and after the introduction of the VAT; and (d) the consumption taxes that preceded the VAT were more buoyant in response to changes in income, and more elastic, than the VAT. [ABSTRACT FROM AUTHOR] |
| Databáze: |
Supplemental Index |
| Externí odkaz: |
|
