How can Sri Lanka reverse the trend of sluggish consumption in the short to medium term?
Economy
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Articles & Analysis | Impacts of lower corporate tax rates on developed and developing economies from The Report: Trinidad & Tobago 2018
Recent decades have seen a downward convergence in corporate tax regimes as advanced, emerging and developing economies moved to grab a bigger slice of the global investment pie. Headline corporate tax rates have fallen by 20 percentage points since the early 1980s. Alongside lower average rates, special tax incentives aimed at capturing...
Articles & Analysis | Trinidad and Tobago's FY 2018 budget introduces taxes to lower the fiscal deficit from The Report: Trinidad & Tobago 2018
Tax reform is a critical issue for Trinidad and Tobago, as the island nation struggles with ineffective collection and does not raise enough revenue to cover government expenditure. Statistics compiled by the OECD found that T&T collected tax revenue worth 22.9% of GDP in 2016, an amount in line with the 22.7% average of 25 Latin American...
Articles & Analysis | Growing economic confidence in Trinidad and Tobago to support government initiatives from The Report: Trinidad & Tobago 2018
In a public address delivered in January 2018, Prime Minister Keith Rowley promised a “slow return to growth” for the twin-island nation. An uptick in economic activity would certainly be welcomed by Rowley, who was elected in September 2015 during the middle of a difficult period: Trinidad and Tobago posted negative GDP growth for three out...
