The feasibility of introducing personal income taxes in Anguilla.

摘要

This project can be described as a feasibility study, which the Collins English Dictionary defines as a study to determine the practicability of a system or plan. The reality is that this study is about the feasibility of a plan, which would become part of a system. In the final analysis both the plan, the introduction of personal income taxation in Anguilla and the system, the overall economic, financial, social and political environment in Anguilla became vital components of the project. Additionally, the systems in developed countries, developing countries and similar jurisdictions to Anguilla, had special relevance because those systems had personal income taxation as important revenue earners to varying degrees.;Therefore, the study analyzes personal income taxation for Anguilla using all of the information that would help to inform the process for the introduction of personal income taxes in Anguilla (RSCH 880: Project Demonstrating Excellence: Action Research). This information included theoretical and experiential discourse and comparative analysis from which relevant features regarding Anguilla could be extracted including information about Anguilla itself (RSCH 881: Project Demonstrating Excellence: Data Analysis). Important areas in relation to the introduction of personal income taxation in Anguilla included, the level of acceptance by the general public, the political will, what was done in similar jurisdictions and the conditions necessary for implementation.;In the end, the study indicates that personal income taxes are feasible for Anguilla by providing estimates of the revenue that could accrue to the Government of Anguilla in conjunction with its development expenditure plans. Just as important as the revenue projections is the revelation that the legislators and the people of Anguilla have started to realize that personal income taxation is fast becoming an option that will have to be rigorously explored. The future will be determined by need and a paucity of major options rather than by a willingness or unwillingness to introduce personal income taxation in Anguilla.