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Tax Risk

Transfer Pricing Under the Microscope: How Caribbean Multi-Territory Groups Must Prepare for Global Scrutiny

The Letters That Arrived on the Same Morning The group financial controller of a Caribbean conglomerate with operations across four territories arrived at her desk on a Tuesday morning in March to find two letters that would consume the next eighteen months of her professional life. The first was from the revenue authority in the...

The Tax Gap: Why Caribbean Enterprises Are Leaving Money on the Table and Exposing Themselves to Risk

  The Audit That Revealed Six Years of Overpayment The chief financial officer of a Caribbean beverage manufacturer received a call from the company’s external tax advisor on a Thursday afternoon in September. The advisor had been engaged to assist with a routine tax audit by the revenue authority — an audit the company had...

Machine-Readable Tax Law: Turning Legislation into Code Without Breaking Certainty, Fairness, or Due Process

Executive Summary Tax systems are being pushed—by digitisation, APIs, and real-time reporting—toward a new operating model: compliance embedded in software. But there is a fundamental constraint: software cannot reliably apply tax rules unless those rules are expressed in a way that is consistent, testable, and unambiguous. This is the promise—and the controversy—of machine-readable tax law:...

Once-Only Data and Joined-Up Government: Why Tax Administrations Become a National Data Utility—and What the Caribbean Must Do Next

  Executive Summary Modern tax administrations are no longer just collectors of returns; they are increasingly becoming data utilities—institutions that ingest, reconcile, and operationalise high-value data across the economy to deliver better compliance, better service, and better policy outcomes. A defining feature of this shift is the move toward once-only data and joined-up government: taxpayers...

Return Prefilling for VAT and Income Tax: Global Adoption, Data Dependencies, and Practical Caribbean Pathways

Executive Summary Return prefilling is one of the clearest signals that tax administration is moving from “post-event reporting” to data-driven compliance. Historically, prefilling was most common in personal income tax (PIT) where employers and financial institutions supplied third-party data. What’s changing globally is scope and ambition: prefilling is increasingly being extended—where data ecosystems permit—into VAT...

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