1. CARIBBEAN COMMUNITY SECRETARIAT
The implications for tax administration of the csme
july, 2006
Lenox forte

2. Implications of the CSME
the immediate reduction in revenue from traditional sources
the shift in economic activity and trade
Possible rise in intra-regional trade
the production of more intangible commodities
the possibility of higher leakages
Difficulties in applying traditional methods of collection

3. Workshop Tasks – Group I
Identify areas in our national legislation and administrative procedures that restrict the sharing of information across national tax administrations and propose changes
Identify areas and methods of collaboration with other agencies that might facilitate the identification and capture of potential sources of taxation;

4. Workshop Tasks – Group II
Identify areas and mechanisms that would promote cross border collaboration in tax administration on a daily basis

5. Workshop Tasks – Group III
Examine technological applications that could assist in lowering cost to the taxpayer and encourage compliance
Identify international developments in tax administration that threaten to make the region a high taxation location for investment and technological innovation;
Identify potential areas of tax evasion facilitated by the CSME process that a regional approach would be a superior solution to national efforts

6. Workshop Tasks – Group IV
Consider a schedule or plan of action for the advancement of an agenda for reform. Identification of possible sources of financing for the reform programme