Publication:
Evaluating the Costs and Benefits of Corporate Tax Incentives: Methodological Approaches and Policy Considerations

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dc.contributor.authorKronfol, Hania
dc.contributor.authorSteenbergen, Victor
dc.date.accessioned2020-03-16T16:20:47Z
dc.date.available2020-03-16T16:20:47Z
dc.date.issued2020
dc.description.abstractDeveloping countries are increasingly offering tax breaks to attract investors and pursue various policy objectives such as encouraging investments in research and development (R and D) and increasing exports. Such incentives, however, can be very costly to governments. Too often, developing countries - already struggling with revenue mobilization - adopt investment incentives in an ad hoc manner, without analyzing the value for money of these instruments. Cost-benefit analysis can help policy makers demonstrate the direct cost (tax revenue foregone) incurred by governments against the economic benefits being pursued. Global evidence on investment location decisions suggests that while tax incentives can help attract investment, other factors, such as the wider investment climate and market opportunities, matter most. Tax incentives should therefore be conceived as part of a country’s broader investment policy framework and governments should be realistic about the potential impact any measure may have. In this light, cost-benefit analysis can serve as a powerful tool to inform incentives policy reform and offer important inputs into a country’s investment policy strategy.en
dc.identifierhttp://documents.worldbank.org/curated/en/180341583476704729/Evaluating-the-Costs-and-Benefits-of-Corporate-Tax-Incentives-Methodological-Approaches-and-Policy-Considerations
dc.identifier.doi10.1596/33433
dc.identifier.urihttps://hdl.handle.net/10986/33433
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesFinance, Competitiveness and Innovation in Focus;
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectTAXATION
dc.subjectTAX INCENTIVE
dc.subjectSUBSIDY
dc.subjectCORPORATE TAX
dc.subjectINVESTMENT CLIMATE
dc.subjectINVESTMENT INCENTIVES
dc.titleEvaluating the Costs and Benefits of Corporate Tax Incentivesen
dc.title.subtitleMethodological Approaches and Policy Considerationsen
dc.typeBriefen
dc.typeFichefr
dc.typeResumenes
dspace.entity.typePublication
okr.crossref.titleEvaluating the Costs and Benefits of Corporate Tax Incentives: Methodological Approaches and Policy Considerations
okr.date.disclosure2020-03-05
okr.doctypePublications & Research
okr.doctypePublications & Research::Brief
okr.docurlhttp://documents.worldbank.org/curated/en/180341583476704729/Evaluating-the-Costs-and-Benefits-of-Corporate-Tax-Incentives-Methodological-Approaches-and-Policy-Considerations
okr.guid180341583476704729
okr.identifier.doi10.1596/33433
okr.identifier.externaldocumentum090224b0876bddbb_1_0
okr.identifier.internaldocumentum31845518
okr.identifier.report146704
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/180341583476704729/pdf/Evaluating-the-Costs-and-Benefits-of-Corporate-Tax-Incentives-Methodological-Approaches-and-Policy-Considerations.pdfen
okr.topicPublic Sector Development::Public Sector Economics
okr.topicLaw and Development::Tax Law
okr.topicMacroeconomics and Economic Growth::Investment and Investment Climate
okr.topicMacroeconomics and Economic Growth::Taxation & Subsidies
okr.topicPublic Sector Development::Tax Policy
okr.unitEFI-FCI-TIC-Invest&Compet. (ETICI)
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