05312oam 22012254 450 991078833260332120230721045701.01-4623-1843-61-4519-9937-21-4518-7283-697866128435011-282-84350-8(CKB)3170000000055291(EBL)1608347(SSID)ssj0000940733(PQKBManifestationID)11519296(PQKBTitleCode)TC0000940733(PQKBWorkID)10955940(PQKB)11036487(OCoLC)586061359(MiAaPQ)EBC1608347(IMF)WPIEE2009136(EXLCZ)99317000000005529120020129d2009 uf 0engur|n|---|||||txtccrEmpirical Evidenceon the Effects of Tax Incentives /Alexander Klemm, Stefan ParysWashington, D.C. :International Monetary Fund,2009.1 online resource (27 p.)IMF Working PapersDescription based upon print version of record.1-4519-1712-0 Includes bibliographical references.Contents; I. Introduction; II. Data; Tables; 1. Tax Variables; 2. Descriptive Statistics; III. Empirical Evidence on Tax Competition; A. Methodology; Figures; 1. Average Tax Rates and Incentives Over the Years; B. Results; 3. The Choice Between Estimation Methods; 4. Fiscal Interactions for Different Tax Instruments; IV. Empirical Evidence on The Effect on Investment and Growth; A. Methodology; B. Results; 5. The Choice of Estimation Method; 6. The Effects of Tax Instruments on Investment and Growth; V. Conclusion; Appendixes; 1. Countries and Periods Covered in the Corporate Tax Dataset.ReferencesThis paper considers two empirical questions about tax incentives: (1) are incentives used as tools of tax competition and (2) how effective are incentives in attracting investment? To answer these, we prepared a new dataset of tax incentives in over 40 Latin American, Caribbean and African countries for the period 1985–2004. Using spatial econometrics techniques for panel data to answer the first question, we find evidence for strategic interaction in tax holidays, in addition to the well-known competition over the corporate income tax rate. We find no evidence, however, for competition over investment allowances and tax credits. Using dynamic panel data econometrics to answer the second question, we find evidence that lower corporate income tax rates and longer tax holidays are effective in attracting FDI, but not in boosting gross private fixed capital formation or growth.IMF Working Papers; Working Paper ;No. 2009/136Tax incentivesTax creditsEconometricsimfExports and ImportsimfTaxationimfCorporate TaxationimfBusiness Taxes and SubsidiesimfInternational Fiscal IssuesimfInternational Public GoodsimfTaxation, Subsidies, and Revenue: GeneralimfInternational InvestmentimfLong-term Capital MovementsimfEstimationimfPublic finance & taxationimfCorporate & business taximfFinanceimfEconometrics & economic statisticsimfTax incentivesimfTax holidaysimfCorporate income taximfForeign direct investmentimfEstimation techniquesimfTaxesimfBalance of paymentsimfEconometric analysisimfCorporationsimfInvestments, ForeignimfEconometric modelsimfUnited StatesimfTax incentives.Tax credits.EconometricsExports and ImportsTaxationCorporate TaxationBusiness Taxes and SubsidiesInternational Fiscal IssuesInternational Public GoodsTaxation, Subsidies, and Revenue: GeneralInternational InvestmentLong-term Capital MovementsEstimationPublic finance & taxationCorporate & business taxFinanceEconometrics & economic statisticsTax incentivesTax holidaysCorporate income taxForeign direct investmentEstimation techniquesTaxesBalance of paymentsEconometric analysisCorporationsInvestments, ForeignEconometric modelsKlemm Alexander1462096Parys Stefan1472667International Monetary Fund.DcWaIMFBOOK9910788332603321Empirical Evidenceon the Effects of Tax Incentives3685531UNINA