21. Caribbean Basin Economic Development and the Section 936 Tax Credit
- Author:
- Richard L. Bernal and Stephen E. Lamar
- Publication Date:
- 12-1996
- Content Type:
- Working Paper
- Institution:
- The North-South Center, University of Miami
- Abstract:
- In 1986, as part of a major overhaul of the U.S. tax code, the U.S. Congress made a valuable source of private sector financing available for Caribbean economic development. Less than 10 years later, as part of a series of measures to balance the U.S. federal budget and enact a package of tax cuts for small businesses, the Congress approved legislation to terminate this source of funds for the Caribbean.
- Topic:
- Security, Foreign Policy, Development, and International Cooperation
- Political Geography:
- United States and Caribbean