{"id":12796,"date":"2018-02-23T15:04:52","date_gmt":"2018-02-23T19:04:52","guid":{"rendered":"http:\/\/antiguanewsroom.com\/?p=12796"},"modified":"2018-02-23T15:04:52","modified_gmt":"2018-02-23T19:04:52","slug":"antigua-told-to-improve-tax-collection","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/antigua-told-to-improve-tax-collection\/","title":{"rendered":"Antigua told to improve tax collection"},"content":{"rendered":"
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The Eastern Caribbean Central Bank has told the Government\u00a0of Antigua and Barbuda that its tax collection is the worst in the OECS.<\/p>

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Bank officials presented a review of the country’s economic performance in the last year and highlighted poor tax college has a major challenge here.<\/p>\n

ECCB Country Economist Beverly Lugay says Antigua’s tax collection has affected its ranking on global doing business reports.<\/p>

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Lugay told reporters that what Antigua suffers from is “inadequate\u00a0tax administration.”<\/p>

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She hastened to add, however, that the Central Bank is not advocating an increase in new taxes.<\/p>\n

“There needs to be an improvement in tax collection; tax collection processes, the effectiveness of the tax collection unit.”<\/p>

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She said three things are needed to improve tax collection including “highly qualified and highly trained staff to collect taxes.”<\/p>\n

The economist wants tax procedures “streamlined” to improve tax collection.<\/p>

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She said although Antigua is among top performing economies in the Currency Union “tax collection is the lowest in the region” at only 17 percent of Gross Dometic Product.<\/p>

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The economist also said Antigua’s debt is unsustainable and predicts that the country won’t\u00a0meet the ECCB target to reduce debt to 60 percent of GDP by 2030. Debt to GDP currently stands at 72.5 percent.<\/p>\n

“And that is a concern to us,” she said.<\/p>\n

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The Eastern Caribbean Central Bank has told the Government\u00a0of Antigua and Barbuda that its tax collection is the worst in the OECS. Bank officials presented a review of the country’s economic performance in the last year and highlighted poor tax college has a major challenge here. ECCB Country Economist Beverly Lugay says Antigua’s tax collection […]<\/p>\n","protected":false},"author":3,"featured_media":12797,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13,1],"tags":[],"class_list":["post-12796","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-featured"],"yoast_head":"\nAntigua told to improve tax collection - Antigua News Room<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/antiguanewsroom.com\/antigua-told-to-improve-tax-collection\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Antigua told to improve tax collection\" \/>\n<meta property=\"og:description\" content=\"The Eastern Caribbean Central Bank has told the Government\u00a0of Antigua and Barbuda that its tax collection is the worst in the OECS. 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