Author: Barry Bosworth
Publisher: Brookings Institution Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 232
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Book Description
In this study the author attempts to clarify the basic analytic issues about incentives and to summarize the empirical evidence, and examines the difficulties of coordinating tax incentive measures with fiscal and monetary policies.
Author: Timothy J. Bartik
Publisher: W.E. Upjohn Institute
ISBN: 0880996684
Category : Political Science
Languages : en
Pages : 180
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Book Description
Bartik provides a clear and concise overview of how state and local governments employ economic development incentives in order to lure companies to set up shop—and provide new jobs—in needy local labor markets. He shows that many such incentive offers are wasteful and he provides guidance, based on decades of research, on how to improve these programs.
Author: Roger Wilson
Publisher:
ISBN: 9780872920903
Category : Business & Economics
Languages : en
Pages : 62
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Book Description
Author: Chitta Ranjan Sarkar
Publisher:
ISBN: 9788177080667
Category : Tax incentives
Languages : en
Pages : 0
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Book Description
Almost All Tax Systems Incorporate Provisions Which Exclude Certain Items And Deduct Others From The Tax Base. These Provisions May Take The Form Of Exemptions, Deductions, Allowances, And Tax Credits. Tax Incentive (Or Tax Preferences) Reduce The Amount Of Tax Which Would Otherwise Be Payable By A Taxable Entity. Broadly Speaking, Items Which Erode The Normally Accepted Base Of A Tax May Be Treated As Tax Incentives. In India, The Basic Purpose Of Tax Incentives Is To Motivate The Taxpayers To Save And Invest More, Particularly In Rural And Backward Areas Of The Country. This Book Describes And Critically Evaluates The Policy Of Liberal Income Tax Exemptions And Concessions To Accelerate The Pace Of Economic Growth In India. It Examines Various Theoretical Issues Related To The Operation Of Tax Incentives. It Provides An Overview Of The Present System Of Income Tax Incentioves In India. Drawing On The Experience Of Others Countries, An Attempt Has Been Made To Evaluate The System Of Tax Incentives In India. The Countries Considered For Comparative Study Are: Uk, Usa, France, Japan, Singapore, Malaysia And Bangladesh.
Author: Michael Kieschnick
Publisher: Council of State Policy & Planning Agencies
ISBN:
Category : Business & Economics
Languages : en
Pages : 148
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Book Description
Author: ERICK OKOTH
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Tax incentives are defined as tax rules that go against the generally accepted principles of tax neutrality and fairness which are aimed at fostering both foreign and local investment since they promote greater investment competitiveness among emerging nations, maximize returns on investments, and reduce costs and inefficiencies in the investment market. Subsidies on the other hand are described as any government aid to private industry producers or consumers, whether financial or in-kind, which requires no commensurate repayment to the government in exchange but prerequisite the benefit on a certain conduct by the receiving firm or industry. This study aims to investigate the potential effectiveness of tax incentives and subsidies in enhancing economic development and growth among developing economies. Most developing economies, if not all, that are members of the UN organization work toward achieving the SDGs by 2030,and this is significantly influenced by the amount of investment they attract to boost economic growth and encourage improvements in citizen welfare. This study uses secondary data from World Bank, IMF, and OECD reports for a target period of 2010 - 2022 to examine how tax incentives affect economic development in emerging economies with a focus on Indonesia, Kenya, Malaysia, and Türkiye. For this study, the researcher used STATA version 15 to investigate the underlying relationship between the variables. The researcher performed a panel data regression analysis using the generalized estimating equations approach. The P-value approach used by the researcher assesses the relevance of the study's variables, for which the p-value is set at 0.05. This is a comparative study, as such the researcher prefers to use the generalized estimating equation method to perform a panel data regression analysis because it can simulate the population as a whole and because the data may be correlated, which would violate the independence assumptions of other traditional regression procedures. The study obtained positive and significant effects of subsidies on investments and economic growth. Incentives on taxes on production, sales, and transfers and taxes on profits and capital gains registered a non-significant positive effect on investment; however, the effects were insignificant and negative for economic growth.
Author: Ana Teresa Tavares-Lehmann
Publisher: Columbia University Press
ISBN: 0231541643
Category : Business & Economics
Languages : en
Pages : 369
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Book Description
Governments often use direct subsidies or tax credits to encourage investment and promote economic growth and other development objectives. Properly designed and implemented, these incentives can advance a wide range of policy objectives (increasing employment, promoting sustainability, and reducing inequality). Yet since design and implementation are complicated, incentives have been associated with rent-seeking and wasteful public spending. This collection illustrates the different types and uses of these initiatives worldwide and examines the institutional steps that extend their value. By combining economic analysis with development impacts, regulatory issues, and policy options, these essays show not only how to increase the mobility of capital so that cities, states, nations, and regions can better attract, direct, and retain investments but also how to craft policy and compromise to ensure incentives endure.
Author: United States. Congress. Senate. Committee on Finance. Subcommittee on Taxation and Debt Management Generally
Publisher:
ISBN:
Category : Taxation
Languages : en
Pages : 532
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Book Description
Author: John Toye
Publisher: Taylor & Francis
ISBN: 1000946568
Category : Business & Economics
Languages : en
Pages : 309
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Book Description
First published in 1978. The tax system is one of the instruments said to be available to translate development policy objectives into practice. The wide-ranging papers collected together in this volume, first published in 1978, explore different aspects of the link between national development objectives and the tax system. Attention is particularly focused on traditional aims such as growth, fair distribution and economic stabilisation and development. Articles written by distinguished experts in the fields of public finance and economic development clarify the concepts of taxable capacity and tax effort, and examine the connections between growth and changes within the tax system.
Author: Ms.Dora Benedek
Publisher: International Monetary Fund
ISBN: 1484302559
Category : Business & Economics
Languages : en
Pages : 32
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Book Description
Some countries support smaller firms through tax incentives in an effort to stimulate job creation and startups, or alleviate specific distortions, such as financial constraints or high regulatory or tax compliance costs. In addition to fiscal costs, tax incentives that discriminate by firm size without specifically targeting R&D investment can create disincentives for firms to invest and grow, negatively affecting firm productivity and growth. This paper analyzes the relationship between size-related corporate income tax incentives and firm productivity and growth, controlling for other policy and firm-level factors, including product market regulation, financial constraints and innovation. Using firm level data from four European economies over 2001–13, we find evidence that size-related tax incentives that do not specifically target R&D investment can weigh on firm productivity and growth. These results suggest that when designing size-based tax incentives, it is important to address their potential disincentive effects, including by making them temporary and targeting young and innovative firms, and R&D investment explicitly.
