Tax compliance as a tool for development of small-sized countries
Dutch headquartered BearingPoint Caribbean were recently awarded a World Bank funded project to modernize the tax administration on the Caribbean island of Grenada. The Grenada Inland Revenue Department (IRD) will be the 15th tax administration to use BearingPoint’s innovative software.
Grenada, like many other Small Island Developing States (SIDS), is highly vulnerable to climate change, natural disasters, and the economic dependence on tourism. In the post-Covid-19 era, the government of Grenada therefore wants to develop more resilience by improving fiscal sustainability. Domestic resource mobilization is now more important than ever.