03108nam 22004453u 450 991046456770332120210114214937.01-4623-2855-51-4527-5614-71-282-84158-097866128415831-4518-7065-5(CKB)3390000000010461(EBL)1607996(MiAaPQ)EBC1607996(EXLCZ)99339000000001046120140210d2008|||| u|| |engur|n|---|||||Investment Incentives and Effective Tax Rates in the Philippines[electronic resource]Washington International Monetary Fund20081 online resource (36 p.)IMF Working PapersDescription based upon print version of record.Contents; I. Introduction; II. A Birds-Eye View of the Taxation Regime; III. International Experience with Tax Holidays; Tables; 1. Pros and Cons for the Government of Different Types of Tax Incentives; IV. Effective Tax Rates; A. Methodology; B. Estimation Results; Figures; 1. Effective Tax Rates for Companies Not Receiving Tax Incentices; 2. Effective Tax Rates for Companies Receiving the Maximum Tax Holiday; 3. Reduction in Effective Tax Rates From Receiving the Maximum Tax Holiday; 4. Economic Depreciation and Tax Incentives: Do Short- or Long-Lived Assets Benefit More from Tax Holidays?5. Philippines: Effective Tax Rates Under Different Holiday Years Granted/Remaining6. Effective Tax Rates Under Different Holiday Years Granted/Remaining; V. Incentive Reform in the Philippines; Boxes; 1. Incentive Reform Bills Under Consideration in the House of Representatives; 7. Philippines: Effective Tax Rates Under Current Incentives and Congress' Reform Proposals; 8. Philippines: Comparing Enhanced Depreciation Versus Current Incentives and Congress' Reform Proposals; VI. Conclusions; References; 2. Investment Incentives in Cambodia, Lao P.D.R., Thailand, and VietnamAppendix: Derivation of Effective Tax RatesWe compare the general tax provisions and investment incentives in the Philippines to six other east-Asian economies-Malaysia, Indonesia, Lao, Vietnam, Cambodia, and Thailand. We calculate effective tax rates and find that general effective tax rates are relatively high in the Philippines, while investment incentives are comparable to those in neighboring countries. Tax holidays are most attractive for very profitable firms, creating redundancy, and for investment in short-lived assets. We also consider recently-proposed tax reforms that would replace tax holidays by a reduced corporate incomeIMF Working PapersElectronic books.Klemm Alexander856864Botman Dennis P. J856865Baqir Reza856866AU-PeELAU-PeELAU-PeELBOOK9910464567703321Investment Incentives and Effective Tax Rates in the Philippines1913641UNINA