{"id":34389,"date":"2013-04-15T09:53:50","date_gmt":"2013-04-15T13:53:50","guid":{"rendered":"http:\/\/www.bahamasb2b.com\/news\/?p=34389"},"modified":"2013-04-15T09:53:50","modified_gmt":"2013-04-15T13:53:50","slug":"imf-urges-bahamas-corporate-income-tax","status":"publish","type":"post","link":"https:\/\/www.bahamasb2b.com\/news\/2013\/04\/imf-urges-bahamas-corporate-income-tax","title":{"rendered":"IMF Urges Bahamas Corporate Income Tax"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-34394\" title=\"imf\" src=\"https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2013\/04\/imf.jpg\" alt=\"\" width=\"200\" height=\"150\" srcset=\"https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2013\/04\/imf.jpg 200w, https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2013\/04\/imf-150x112.jpg 150w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/>The International Monetary Fund (IMF) warned it was \u201cimperative\u201d for the Bahamas to quickly reduce a national debt-to-GDP ratio that is on course to strike 76 per cent by 2016-2017, having urged the Government to introduce a corporate income tax.<\/p>\n<p>The Fund, in its Article IV consultation report on the Bahamas, which was released yesterday, also set out a strategy that would enable this nation to avoid breaching the 70 per cent debt-to-GDP \u2018danger threshold\u2019, its plans keeping this ratio \u201c11 per cent of GDP lower\u201d than present 2016-2017 trajectory.<\/p>\n<p>The IMF\u2019s own estimates suggested \u201cthat an additional fiscal effort of about 3 per cent of GDP (built over the years) would bring the central government debt down to 2012 levels by 2016\/17\u201d.<\/p>\n<p>But, if nothing was done, the Fund warned: \u201cWith a primary deficit averaging 2.5 per cent of GDP over the medium term, the central government debt is projected to continue to rise, reaching about 62 per cent of GDP by fiscal year 2016-2017.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Warning The Bahamas that it is \u201cimperative\u201d to quickly reduce its national debt-to-GDP ratio, the International Monetary Fund (IMF) is pushing government to introduce a corporate income tax.<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10223285771444175_51037792744":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[5],"tags":[438,98,40,1554],"class_list":["post-34389","post","type-post","status-publish","format-standard","hentry","category-politics","tag-debt","tag-financial","tag-government","tag-monetary"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/34389","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=34389"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/34389\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=34389"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=34389"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=34389"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}