Tax Incentives and Investment in the Eastern Caribbean / / Sebastian Sosa

• Autore: Sosa Sebastian
• Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2006
• Edizione: 1st ed.
• Descrizione fisica: 1 online resource (29 p.)
• Soggetto topico: Capital investments - Caribbean Area; Investment tax credit - Caribbean Area; Business Taxes and Subsidies; Consumption taxes; Financial Instruments; Institutional Investors; Investment & securities; Investments: Stocks; Marginal effective tax rate; Non-bank Financial Institutions; Pension Funds; Public finance & taxation; Spendings tax; Stocks; Tax administration and procedure; Tax holidays; Tax incentives; Taxation; Taxation, Subsidies, and Revenue: General
• Soggetto geografico: Antigua and Barbuda
• Note generali: "January 2006."
• Nota di bibliografia: Includes bibliographical references.
• Nota di contenuto: ""Contents""; ""I. INTRODUCTION""; ""II. RELATED LITERATURE""; ""III. METHODOLOGY""; ""IV. TAX INCENTIVES IN THE ECCU""; ""V. RESULTS""; ""VI. CONCLUDING REMARKS""; ""REFERENCES""
• Sommario/riassunto: 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.
• Titolo autorizzato: Tax Incentives and Investment in the Eastern Caribbean
• ISBN: 9786613828057; 9781462354863; 1462354866; 9781452795560; 1452795568; 9781283515603; 1283515601; 9781451908190; 1451908199
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910959028603321
• Lo trovi qui: Univ. Federico II
• Serie: IMF Working Papers; Working Paper ; ; No. 2006/023