Caribbean Countries Should coordinate Tax Incentives | NOURIEL ROUBINI BLOG

Wednesday, October 29, 2014

Caribbean Countries Should coordinate Tax Incentives

Caribbean countries will have to look at coordinating tax incentives when attracting foreign

investment as a means of addressing issues of economic growth said Economic Professor Dr. Nouriel Roubini addressing finance officials of various Caribbean countries at a High Level Caribbean Forum organized by the International Monetary Fund (IMF). “The key thing is try to coordinate to make sure there is no kind of free riding. That might be easier said than done,” Dr. Roubini said. He explained that tax incentives might work for small islands seeking to attract some large scale investment. He noted though that the level of business from these investments must compensate for the incentives. “There is a significant amount of waste and inefficiency and even these countries that are energy imported, they can do much more in terms of reducing the inefficiency,” Dr. Roubini said. - See more at: http://www.winnfm.com/news/local/10260-caribbean-countries-cautioned-to-coordinate-tax-incentives#sthash.QzrqoME9.dpuf

Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

Nouriel Roubini, (born March 29, 1958, Istanbul, Turkey), Turkish-born American economist and educator who was best known for predicting the 2007–08 subprime mortgage crisis in the United States and the subsequent global financial crisis.

Born to Iranian Jewish parents, Roubini moved with his family to Iran and Israel before they settled in Italy in 1962. After a year at Hebrew University of Jerusalem, he studied economics at Bocconi University in Milan (B.A., 1982) and Harvard University (Ph.D., 1988), where he specialized in macroeconomics and international economics. He joined the economics faculty at Yale University in 1988 and taught there until 1995, when he moved to New York University. He also served as a visiting scholar to the International Monetary Fund (IMF), was a research associate with the National Bureau of Economic Research (NBER), held single-year terms on the White House Council of Economic Advisers (1998–99) and at the U.S. Department of the Treasury (1999–2000), and cofounded (2004) the consulting firm Roubini Global Economics. Roubini spent much of his early career studying countries that experienced extreme economic failures, such as Mexico (in 1994), Thailand and other countries associated with the 1997 Asian financial crisis, Russia (1998), and Argentina (2000). He determined that each shared one common element: a massive current account deficit.(www.britannica.com)

Nouriel Roubini is the Chairman and CEO of Roubini Macro Associates, LLC, his own global macroeconomic consultancy firm. He is also a professor of economics at New York University’s Stern School of Business. Dr. Roubini has extensive policy experience as well as broad academic credentials. From 1998 to 2000, he served as the senior economist for international affairs on the White House Council of Economic Advisors and then the senior advisor to the undersecretary for international affairs at the U.S. Treasury Department, helping to resolve the Asian and global financial crises, among other issues. The International Monetary Fund, the World Bank and numerous other prominent public and private institutions have drawn upon his consulting expertise.