The CARICOM Single Market and Economy (CSME) provided for the free movement of people and capital as well as the right to establish business activity anywhere in the Community. This free movement regime is supported by a regime of legal and administrative arrangements which are intended to create a common economic space within the Community. As is generally known, information is required to make markets within any economic system efficient. Operators in the CARICOM economic space will therefore require access to adequate information flows on the economies comprising the CSME in order to facilitate effective decision-making. Such information would include data on the taxation regime in each Member State which is a major factor influencing the allocation of resources within and across countries. The need for easy access to comprehensive information on the taxation regimes in Member States was recognized by the Caribbean Organization of Tax Administrators which has been advocating for the establishment of a regional tax database for some time now.