Electronic Commerce or Electronic Con – Benefits and Challenges for the Caribbean

Type of Document 6
Title of Journal
URL http://
Author Dr. Mark Bynoe
Abstract Electronic commerce is being touted as a major potential avenue available to businesses in CARICOM. Much of this discourse has often centred on ecommerce’s ability to make potential markets more accessible and the implications on tax revenue collection. This paper takes a critical look at the challenges faced by CARICOM States, and discusses the implications for their growth and development. The evidence suggests that while there are benefits to be derived for both businesses and the economies as a whole with the appropriate enabling environment, the challenges are immense. What is certain is that the countries stand to loose tariff and tax revenues form purely digitised products. Currently, these tax revenues from digitized products do not represent a signification portion of total Governments revenues in CARICOM Member States. In addition the inability of tax administrations and the deficiency in legislation, to deal with web base companies, sales and other Internet transactions will eventually impact negatively on tax revenues.
Keywords e-commerce Regulatory responses Policy-makers
Publisher NC
Language en
Date 28-01-2003
Subject MDG/s
Country/Countries Regional
Document file Doc9.pdf

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