Taxation and Equity in Jamaica, 1985-1992: Who Bears the Burden?

Taxation and Equity in Jamaica, 1985-1992: Who Bears the Burden?

Taxation and Equity in Jamaica, 1985-1992: Who Bears the Burden?

Taxation and Equity in Jamaica, 1985-1992: Who Bears the Burden?

Excerpt

The study has two objectives. The first is to determine the equity impact of the tax reforms carried out in Jamaica in the period 1985-1992. To achieve this, the burden of taxes is computed for the fiscal year 1988/89. The results were then compared with the studies done by Wasylenko [1987] and Sjoquist and Green [1992].

Secondly, the study seeks to analyse the structure of the tax system, and the relationship between the tax structure and the tax burden, in the light of the restructuring of direct and indirect taxes. It locates the tax reforms within a macroeconomic context conditioned by a series of structural adjustment programmes supported by the World Bank and International Monetary Fund (IMF). These programmes influenced fiscal policies and have had a significant impact on the course of tax reforms. On this basis, the study makes recommendations for further changes to the tax system in order to reduce the tax burden on middle and low income earners, and to increase the level of administrative efficiency.

Rationale for Study

This study was motivated by the fact that between the period 1985 to 1992, the Jamaican tax reforms represented a sharp break with the tax policies of . . .

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