Taxes, Infrastructure are Key Barriers to Caribbean Growth: IDB

Caribbean’s business climate and labor productivity hindering growth, Inter-American Development Bank report says. * High tax burden on businesses is common in region * The Bahamas needs to improve its tax structure; reduce transactional barriers and costs; reduce energy costs; upgrade transportation infrastructure; reduce crime and concerns about insecurity * Jamaica needs to reduce crime; set up more progressive tax system while broadening the tax base; reduce energy costs * Barbados needs to improve its tax structure; reduce transactional barriers/costs; improve environmental infrastructure; reduce energy costs * Guyana needs to improve electricity supply to boost labor productivity; reduce violence and crime; improve transport infrastructure * Trinidad & Tobago needs to reduce transactional barriers and costs; strengthen port infrastructure; reduce subsidy on transportation fuels; reduce crime and violence; improve the quality and transparency of public institutions

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