04228oam 22009974 450 991082609340332120240410162623.01-4623-5486-61-4527-9556-81-283-51560-11-4519-0819-99786613828057(CKB)3360000000443733(EBL)3014434(SSID)ssj0000943286(PQKBManifestationID)11592968(PQKBTitleCode)TC0000943286(PQKBWorkID)10977405(PQKB)10596121(OCoLC)694141083(MiAaPQ)EBC3014434(IMF)WPIEE2006023(EXLCZ)99336000000044373320020129d2006 uf 0engurcn|||||||||txtccrTax Incentives and Investment in the Eastern Caribbean /Sebastian Sosa1st ed.Washington, D.C. :International Monetary Fund,2006.1 online resource (29 p.)IMF Working Papers"January 2006."1-4518-6283-0 Includes bibliographical references.""Contents""; ""I. INTRODUCTION""; ""II. RELATED LITERATURE""; ""III. METHODOLOGY""; ""IV. TAX INCENTIVES IN THE ECCU""; ""V. RESULTS""; ""VI. CONCLUDING REMARKS""; ""REFERENCES""Tax incentives have been used extensively in the countries of the Eastern Caribbean Currency Union (ECCU) to promote investment. The associated revenue losses are large, and benefits in terms of new investment have been limited, raising doubts about the cost effectiveness of the tax incentive schemes. This paper examines the effects of incentives using the marginal effective tax rate approach (METR), adapting this methodology to the case of a small open economy where the marginal investor is a nonresident. The results show that METRs are high in the region; that there is a large dispersion in the size of METRs across financing source; and that METRs on investment are larger than the overall distortion on capital, with a substantial subsidy to domestic saving. In the presence of tax holidays-the most common incentive scheme in the region-the distortion on capital basically vanishes.IMF Working Papers; Working Paper ;No. 2006/023Capital investmentsCaribbean AreaInvestment tax creditCaribbean AreaInvestments: StocksimfTaxationimfTaxation, Subsidies, and Revenue: GeneralimfBusiness Taxes and SubsidiesimfPension FundsimfNon-bank Financial InstitutionsimfFinancial InstrumentsimfInstitutional InvestorsimfPublic finance & taxationimfInvestment & securitiesimfTax holidaysimfTax incentivesimfMarginal effective tax rateimfConsumption taxesimfStocksimfTax administration and procedureimfSpendings taximfAntigua and BarbudaimfCapital investmentsInvestment tax creditInvestments: StocksTaxationTaxation, Subsidies, and Revenue: GeneralBusiness Taxes and SubsidiesPension FundsNon-bank Financial InstitutionsFinancial InstrumentsInstitutional InvestorsPublic finance & taxationInvestment & securitiesTax holidaysTax incentivesMarginal effective tax rateConsumption taxesStocksTax administration and procedureSpendings taxSosa Sebastian1643706International Monetary Fund.Western Hemisphere Dept.DcWaIMFBOOK9910826093403321Tax Incentives and Investment in the Eastern Caribbean4041251UNINA