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Taxation and Economic Efficeincy in Jamaica

Authors
Disciplines
  • Economics
  • Political Science

Abstract

This re[prt presents a quantitative ecomonic model used to determine the macroeconomic impact of tax reforms in Jamaica. We identify the magnitude and nature of changes to production, trade, and consumer welfare related to raising additional government funds.The current results suggest that simply increasing rates under the existing tax strucure will produce a low tax yield and high efficiency costs.

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