LEADER 04894oam 22011894 450 001 9910788348003321 005 20230721045613.0 010 $a1-4623-7495-6 010 $a1-4527-1375-8 010 $a1-282-84243-9 010 $a1-4518-7168-6 010 $a9786612842436 035 $a(CKB)3170000000055193 035 $a(EBL)1608158 035 $a(SSID)ssj0000940084 035 $a(PQKBManifestationID)11491950 035 $a(PQKBTitleCode)TC0000940084 035 $a(PQKBWorkID)10946288 035 $a(PQKB)10199304 035 $a(OCoLC)465438068 035 $a(MiAaPQ)EBC1608158 035 $a(IMF)WPIEE2009021 035 $a(EXLCZ)993170000000055193 100 $a20020129d2009 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aCauses, Benefits, and Risks of Business Tax Incentives /$fAlexander Klemm 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2009. 215 $a1 online resource (29 p.) 225 1 $aIMF Working Papers 300 $aDescription based upon print version of record. 311 $a1-4519-1604-3 320 $aIncludes bibliographical references. 327 $aContents; I. Introduction; Boxes; 1: Typical Tax Incentives; II. Theory-Broad Principles; A. Background: Tax Competition; B. Possible Responses to Tax Competition; III. Theory-Detailed Considerations; A. Costs and Benefits of Incentives; B. Principles for Choosing Tax Incentives; C. Assessment of Typical Tax Incentives; 1. Effective Tax Rates Under Different Incentives; D. The Scope for Coordination; IV. Empirical Evidence; V. Conclusion; Tables; 1. Possible Justifications for Tax Incentives; Figures; References; References 330 3 $aThis paper provides an updated overview of tax incentives for business investment. It begins by noting that tax competition is likely to be a major force driving countries' tax reforms, and discusses tax incentives as a possible response to this. This is complemented by other arguments for and against tax incentives, and by an illustrative analysis of different incentives using effective tax rates. Findings from the empirical literature on tax incentives are also presented. Based on the overview of theoretical and empirical findings, the paper then suggests a matrix of criteria to determine the usefulness of different tax incentives depending on a country's circumstances. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2009/021 606 $aTax incentives 606 $aCorporations$xTaxation 606 $aInvestments: General$2imf 606 $aPersonal Finance -Taxation$2imf 606 $aTaxation$2imf 606 $aCorporate Taxation$2imf 606 $aBusiness Taxes and Subsidies$2imf 606 $aInternational Fiscal Issues$2imf 606 $aInternational Public Goods$2imf 606 $aTaxation, Subsidies, and Revenue: General$2imf 606 $aPersonal Income and Other Nonbusiness Taxes and Subsidies$2imf 606 $aInvestment$2imf 606 $aCapital$2imf 606 $aIntangible Capital$2imf 606 $aCapacity$2imf 606 $aPublic finance & taxation$2imf 606 $aCorporate & business tax$2imf 606 $aMacroeconomics$2imf 606 $aTax incentives$2imf 606 $aTax holidays$2imf 606 $aCorporate income tax$2imf 606 $aTax allowances$2imf 606 $aDepreciation$2imf 606 $aTaxes$2imf 606 $aNational accounts$2imf 606 $aCorporations$2imf 606 $aIncome tax$2imf 606 $aSaving and investment$2imf 607 $aPuerto Rico$2imf 615 0$aTax incentives. 615 0$aCorporations$xTaxation. 615 7$aInvestments: General 615 7$aPersonal Finance -Taxation 615 7$aTaxation 615 7$aCorporate Taxation 615 7$aBusiness Taxes and Subsidies 615 7$aInternational Fiscal Issues 615 7$aInternational Public Goods 615 7$aTaxation, Subsidies, and Revenue: General 615 7$aPersonal Income and Other Nonbusiness Taxes and Subsidies 615 7$aInvestment 615 7$aCapital 615 7$aIntangible Capital 615 7$aCapacity 615 7$aPublic finance & taxation 615 7$aCorporate & business tax 615 7$aMacroeconomics 615 7$aTax incentives 615 7$aTax holidays 615 7$aCorporate income tax 615 7$aTax allowances 615 7$aDepreciation 615 7$aTaxes 615 7$aNational accounts 615 7$aCorporations 615 7$aIncome tax 615 7$aSaving and investment 700 $aKlemm$b Alexander$01462096 801 0$bDcWaIMF 906 $aBOOK 912 $a9910788348003321 996 $aCauses, Benefits, and Risks of Business Tax Incentives$93716531 997 $aUNINA