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Causes, Benefits, and Risks of Business Tax Incentives
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Author/Editor: |
Klemm, Alexander |
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January 1, 2009 |
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Electronic Access: |
Free Full Text (PDF file size is 359KB)
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate.
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Summary: This paper provides an updated overview of tax incentives for business investment. It begins by noting that tax competition is likely to be a major force driving countries' tax reforms, and discusses tax incentives as a possible response to this. This is complemented by other arguments for and against tax incentives, and by an illustrative analysis of different incentives using effective tax rates. Findings from the empirical literature on tax incentives are also presented. Based on the overview of theoretical and empirical findings, the paper then suggests a matrix of criteria to determine the usefulness of different tax incentives depending on a country's circumstances.
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Series: |
Working Paper No. 09/21 |
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Subject(s): |
Tax incentives | Foreign direct investment | Tax rates | Tax policy |
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Author's keyword(s): |
Tax incentives
| tax competition
| effective tax rates
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Published: |
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January 1, 2009 |
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Format: |
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Paper |
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Stock No: |
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WPIEA2009021 |
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Pages: |
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27 |
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Price: |
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US$18.00
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