St. Lucia among regional countries which collect the most tax revenue – report

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St. Lucia among regional countries which collect the most tax revenue – report

Saint Lucia has been named among countries in the region, which collect the most tax revenue.

Caribjournal.com, in an article named “Ranking the Caribbean on Tax Revenue”, rated the island as the fourth highest tax revenue collecting country in the region.

The article states that these statistics are according to recently-released 2012 World Bank data on tax revenue collected by central governments around the world per Gross Domestic Product (GDP).

The publication went on to describe tax revenue, as the “compulsory transfers to the central government for public purposes,” based on the World Bank’s definition.

Trinidad was said to have the highest rate of revenue collection with 28.3 percent, while Jamaica was number two with 26.1. Barbados was next with 25.2 percent and St. Lucia with 24.2. Dominica was in fifth place with 23.4 percent.

Pointing to further World Bank statistics, the article said that the world’s rate of revenue collection stood at about 14.5.

 

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47 COMMENTS

  1. Here's the bottom line. We cannot spend more than we take in. Government always has revenue projections so why in that same budget year is there always more borrowing proposed? Compton did a lot wrong but the one bit of good sense he had was never borrowing beyond the revenue projections. Isn't that common sense? So how does Kenny figure we will ever get out of the hole if he keeps doing just what we shouldn't do? All the yapping from both sides, why don't we start with that basic method? That way we do what we can this year, n then the next and the next. Why hang our hats higher than our hands can reach and in the end 90% of is suffering?

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  2. awa that government i voted for thembut they betrayed me big time i cant reap any benefits up to now just hard times day by day mrprime minister the poor is getting poorer you promised us better days with what all the taxes thats better days.This is so riduculus i will not vote again for yourl cause its alot of broken promises to kill people.how you expect us to eat,and you know
    what killing me inland revenue owing me tax return for years and upto now they cant pay me and its not only me my co-workers too dat government never have money oh lord put a hand

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    • Sometimes we need to look at what the data says before we make comments that do not reflect the true meaning of what it represents. St. Lucia actually had a decrease in tax revenue in 2012 from what it was in 2009. I do agree with "man" statement below with regards to vat. The above article seems to be in error on their publish numbers, unless I'm misreading what the data table states. Almost all the Caribbean countries are in the same boat, even those less and more developed than St. Lucia.

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    • The blow-back is coming back to hunt the ignoramuses that were just too dumb to understand what they were messing with.

      Saint Lucians need to suffer a little more just to feel the results of voting for, time and time again, real Jackass Government.

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  3. I make the habit of researching anything i read online to determine how much of a true picture the article gives. Cause the thing is there is usually the x story the y story & then the truth. From reading on this article i realize all the other Caribbean countries are not actually far apart interms of thier rate. This link gives the world bank data: http://data.worldbank.org/indicator/GC.TAX.TOTL.GD.ZS . So befoore we make comment on things i believe we need to get all the information first. Cause if the author had actually put a top 10 instead we would realize there was actually not that much difference from one country to the other.

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    • The problem however is that we do not have a self sufficient country. And it relates to the fact that we have no natural resources of note to create income for the country. This then causes the government to squeeze as much tax from what little income we have creating the present high taxation we are experiencing. Unless we get alternative ways to spread the weight of the revenue, government needs to raise to try and achieve even the basic necessities, we will forever face increasing taxation. And from 2009-2012 our rate actually went down year by year. But i assume the implementation of VAT may have realize a substantial spike.

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  4. I was recently asking about this, I think the so called government need to address this immediately. Provide the country with a report asap. All them taxes being collect but not reported on. Come on NOW! A quarterly report should be given on all them monies yall collecting.

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  5. so please tell me...if St Lucia is 4th in Tax Revenue Collection in the region.....where is the money going?? why the government still hav all these problems about no money. something is not right somewhere.
    we need..no WE WANT ANSWERS,

    cuz is my tax money yall collecting as well.

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  6. They say nothing. All they do is encourage party hacks to call newsspin and take all the time up talking about e.g. homo priest. The next one will call talking about all that had happened in Martinique, whether Bram Bram had landed there. The other would take about 5 minutes stammering by the time he started talking it would be time for news on the whether. They would have adds before and after the news announcement. Then have more adds repeated before and after the announcement of the hot button issue. Then still have more adds repeated before and after the weather update. All that in 1 hour.

    STRANGE that the adds are not repeated after newsspin. Could anybody answer why? I asked a 6 year old boy this question and you know what he answered? "Because newsspin finnish." Yet still We attribute brilliance to one set of people in the country.

    Why wasn't all those adds and news on weather placed in newsspin before SLP came to office? I haven't asked the 6 year old this one, hoping that people like A B, Jadia or the Manager of RCI could answer. Do Whats Right stop sensoring the media to achieve your goal in brainwashing people.

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  7. "SMH" it is not that we are collecting 25% of what we are collecting. You are trying to convey a false perception to suggest that we are not collecting enough. It is a percentage based on the GDP of the country, isn't thats what it said? You party hacks never stop short of trying to fool the public. Away with your brainwashed hogshit. Instaed you try to educate the people you and others try to keep them down. Then again its probably Jadia speking under an alias. Do Whats Right Educate the people don't use your education to supress them. FOOL theres have internet now.

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    • Did you even understand the article. The 24.2% is our collection rate meaning we only collect 24.2% of (100%) of total taxes due. Pray tell, how is that trying to mislead.

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      • No, the data clearly states that the rate is a percentage of the Gross Domestic Product, meaning that for every dollar made in St. Lucia (as measured in the GDP) the government collected 24.2% in 2009. The data is also clear that the percentage fell in the following years that data was available, ending at slightly over 22% in 2012. Data is not yet available from the World Bank on 2013 or 2014.

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  8. Has anyone seen The Crime Minister space tooth piglet a.k.a Press Sexcreatary I need her to explain this thing to me in detail I want to no whereupon tax money going and how institution out side is aware of all that tax we paying and the CRIME Minister not telling me a thing come Kenny talk nah you cyah talk

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  9. There don't seem to be a problem with the inflow of cash; the problem seem to be with the outflow.
    If you take in $1billion, don't try to spend $1.3billion; every St.Lucia knows that you cannot spend more than you bring home; so how come the government doesn't know that?

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  10. I WONDER IF WE REALIZE THAT THE ARTICLE IS SAYING THAT ST LUCIA ONLY COLLECTS 24.2% OF ALL TAXES DUE. THE BIG QUESTION IS WHY ISN'T THE NUMBER HIGHER. CAN YOU IMAGINE IF WE WERE ABLE TO COLLECT 50% of TOTAL TAXES DUE. THAT'S DOUBLE THE REVENUE. MAYBE THATS ONE AREA THAT NEEDS TO BE LOOKED INTO (GREATER TAX COLLECTING EFFICIENCY) INSTEAD OF THIS 5% CUT. BTW THESE FOREIGN BUSINESS OWNERS WHO ARE USUALLY GIVEN NUMEROUS CONCESSIONS AND TAX BREAKS ARE USUALLY THE ONES DEFAULTING ON TAX PAYMENTS.

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    • I dont tnink the issue is with collection, it has to do withhow thatmoney is spent onceit is collected....wehave a government which prioritizes non productive spending like step and nice and 5he square in veiux fort, gps system on vehicles plus their supervision, dozens and dozens consultants, largesse at the embassies and missions......and the list goes on and on. We need better governance than what currently obtains.

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