Public Sector Management

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BUS.P.27
2011/2012

THE UNIVERSITY OF THE WEST INDIES

The Office of the Board for Undergraduate Studies

INDIVIDUAL PLAGIARISM DECLARATION

This declaration is being made in accordance with the University Regulations on Plagiarism (First Degrees, Diplomas and Certificate) and should be attached to all work submitted by a student to be assessed as part of or/the entire requirement of the course, other than work submitted in an invigilated examination.

Statement

1. I have read the Plagiarism Regulations as set out in the Learning Exchange course space related to the submission of coursework for assessment.

2. I declare that I understand that plagiarism is the use of another’s work pretending that it is one’s own and that it is a serious academic offence for which the University may impose severe penalties.

3. I declare that the submitted work indicated below is my own work, except where duly acknowledged and referenced.

4. I also declare that this paper has not been previously submitted for credit either in its entirety or in part within the UWI or elsewhere.

5. I understand that I may be required to submit the work in electronic form and accept that the University may check the originality of the work using a computer-based similarity detection service.

TITLE OF ASSIGNMENT – Extended Essay

COURSE CODE – GOVT 2031

COURSE TITLE – Public Sector Management

STUDENT ID - 309100135

By signing this declaration, you are confirming that the work you are submitting is original and does not contain any plagiarised material.

I confirm that this assignment is my own work, and that the work of other persons has been fully acknowledged.

SIGNATURE K. Joseph

DATE – 9th November

309100135

Public Sector Management

The government of St. Lucia recently introduced a value added tax policy on the production of goods and services, in an effort to modernize the current tax system and generate revenue for the country. Under this policy, VAT is charged when taxable goods are imported or when taxable goods and services are sold or provided. VAT is added to the selling price of the goods or services. The VAT is, therefore, collected by the seller. Value added tax or VAT is commonly defined as an indirect tax charged on taxable imports and the added value to taxable goods and services, supplied to one business and to another or to a final customer. Normally, when new taxes or tariffs are introduced on imports and domestic production some analysis is conducted to determine the impact of trade, government revenue domestic industries and consumers. This is a very critical exercise because the imposition of tariffs can lead to either trade creation or trade diversion. This simply means that the taxes can provide protection for domestic producers or can help consumers. Some time in 2003 the Eastern Caribbean currency Union Authority mandated a Commission under the Chairmanship of the then Pro Vice Chancellor to the University of the West Indies, Sir Allister McIntyre to undertake a study on tax reform. This study was conducted in light of some of the developments in international trade that would have impacted negatively on Government revenue with the anticipated reduction in the rate of border taxes. Around that time, there was intense discussion on the formation of the Free Trade Area of the Americas and the Doha Round had been launched two years earlier. One of the objectives of these negotiations is the gradual reduction or in some cases the elimination of the Doha Development Agenda, Members agreed to negotiations which shall aim, by modalities to be agreed, to reduce or as appropriate eliminate tariffs, including the reduction or elimination of tariff peaks, high tariffs, and tariff escalation, as well as non tariff barriers, in particular on products of export to developing countries. As a result of these anticipated reductions in border tariffs the McIntyre Report recommended...
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