European Parliament Library

Republic of the Marshall Islands :, Staff Report for the 2013 Article IV Consultation

Abstract
This Informational Annex highlights the Marshall Islands’ existing tax system’s inability to raise additional revenue, discouragement of private investment, and inequitability. Careful consideration needs to be given to the potential of a comprehensive tax reform program, including strengthening tax administration, for raising additional revenue while supporting the private sector. Many state-owned enterprises (SOEs) are a drain on public finances, and their unreliable or costly services undermine private sector development. To improve their performance, reforms are needed to strengthen efficiency, better delineate commercial and noncommercial services, and introduce tariff systems that better reflect cost of services. In areas where SOEs provide purely commercial services, divestment should be considered
Table Of Contents
Cover; CONTENTS; BACKGROUND; RECENT DEVELOPMENTS AND OUTLOOK; A. Recent Developments; B. Outlook and Exchange Rate Assessment; C. Risks and Spillovers; BOXES; 1. Will the Finishing Sector be the Driver of the Future Growth?; SECURING FISCAL SUSTAINABILITY; 2. State-Owned Enterprises: Recent Developments and Prospects for Reform; BOOSTING PRIVATE SECTOR DEVELOPMENT AND FINANCIAL STABILITY; A. Private Sector Development; B. Financial Sector; 3. Obstacles to Private Sector Development; STAFF APPRAISAL; FIGURES; 1. Real Sector and Fiscal Developments; 2. External and Credit Developments
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (59 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781616355562

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