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010   $a1-4519-0819-9
010   $a9786613828057
035   $a(CKB)3360000000443733
035   $a(EBL)3014434
035   $a(SSID)ssj0000943286
035   $a(PQKBManifestationID)11592968
035   $a(PQKBTitleCode)TC0000943286
035   $a(PQKBWorkID)10977405
035   $a(PQKB)10596121
035   $a(OCoLC)694141083
035   $a(MiAaPQ)EBC3014434
035   $a(IMF)WPIEE2006023
035   $a(EXLCZ)993360000000443733
100   $a20020129d2006      uf             0
101 0 $aeng
135   $aurcn|||||||||
181   $ctxt
182   $cc
183   $acr
200 10$aTax Incentives and Investment in the Eastern Caribbean /$fSebastian Sosa
210  1$aWashington, D.C. :$cInternational Monetary Fund,$d2006.
215   $a1 online resource (29 p.)
225 1 $aIMF Working Papers
300   $a"January 2006."
311   $a1-4518-6283-0 
320   $aIncludes bibliographical references.
327   $a""Contents""; ""I. INTRODUCTION""; ""II. RELATED LITERATURE""; ""III. METHODOLOGY""; ""IV. TAX INCENTIVES IN THE ECCU""; ""V. RESULTS""; ""VI. CONCLUDING REMARKS""; ""REFERENCES""
330 3 $aTax incentives have been used extensively in the countries of the Eastern Caribbean Currency Union (ECCU) to promote investment. The associated revenue losses are large, and benefits in terms of new investment have been limited, raising doubts about the cost effectiveness of the tax incentive schemes. This paper examines the effects of incentives using the marginal effective tax rate approach (METR), adapting this methodology to the case of a small open economy where the marginal investor is a nonresident. The results show that METRs are high in the region; that there is a large dispersion in the size of METRs across financing source; and that METRs on investment are larger than the overall distortion on capital, with a substantial subsidy to domestic saving. In the presence of tax holidays-the most common incentive scheme in the region-the distortion on capital basically vanishes.
410  0$aIMF Working Papers; Working Paper ;$vNo. 2006/023
606   $aCapital investments$zCaribbean Area
606   $aInvestment tax credit$zCaribbean Area
606   $aInvestments: Stocks$2imf
606   $aTaxation$2imf
606   $aTaxation, Subsidies, and Revenue: General$2imf
606   $aBusiness Taxes and Subsidies$2imf
606   $aPension Funds$2imf
606   $aNon-bank Financial Institutions$2imf
606   $aFinancial Instruments$2imf
606   $aInstitutional Investors$2imf
606   $aPublic finance & taxation$2imf
606   $aInvestment & securities$2imf
606   $aTax holidays$2imf
606   $aTax incentives$2imf
606   $aMarginal effective tax rate$2imf
606   $aConsumption taxes$2imf
606   $aStocks$2imf
606   $aTax administration and procedure$2imf
606   $aSpendings tax$2imf
607   $aAntigua and Barbuda$2imf
615  0$aCapital investments
615  0$aInvestment tax credit
615  7$aInvestments: Stocks
615  7$aTaxation
615  7$aTaxation, Subsidies, and Revenue: General
615  7$aBusiness Taxes and Subsidies
615  7$aPension Funds
615  7$aNon-bank Financial Institutions
615  7$aFinancial Instruments
615  7$aInstitutional Investors
615  7$aPublic finance & taxation
615  7$aInvestment & securities
615  7$aTax holidays
615  7$aTax incentives
615  7$aMarginal effective tax rate
615  7$aConsumption taxes
615  7$aStocks
615  7$aTax administration and procedure
615  7$aSpendings tax
700   $aSosa$b Sebastian$01463972
712 02$aInternational Monetary Fund.$bWestern Hemisphere Dept.
801  0$bDcWaIMF
906   $aBOOK
912   $a9910788405903321
996   $aTax Incentives and Investment in the Eastern Caribbean$93850030
997   $aUNINA