Publication:
Using Tax Incentives to Compete for Foreign Investment : Are They Worth the Costs?

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dc.contributor.authorWells, Louis T., Jr.
dc.contributor.authorAllen, Nancy J.
dc.contributor.authorMorisset, Jacques
dc.contributor.authorPirnia, Neda
dc.date.accessioned2013-06-17T19:46:07Z
dc.date.available2013-06-17T19:46:07Z
dc.date.issued2001
dc.description.abstractThe book contains complementary essays on the use of tax incentives, to attract foreign direct investment (FDI). The first essay presents results of the authors' original research, and explores FDI, and issues of tax incentives, in the context of Indonesia. Their results mostly support the arguments made against incentives, particularly they find little evidence that when Indonesia eliminated tax incentives, there was any decline in the rate of FDI into the country. Similarly, the second essay surveys the research of others on the same topic, and pertaining to the same issues discussed in the first essay. They show that results of other researchers, are generally consistent with the findings of the research in Indonesia, notably that tax incentives, neither affect significantly the amount of direct investment that takes place, nor usually determine the location to which investment is drawn. Nevertheless, recent evidence has shown that when factors such as political, and economic stability, infrastructure, and transport costs are more, or less equal between potential locations, taxes may exert a significant impact. This is evidenced by the growing tax competition in regional groupings (i.e., the European Union) or, at the sub-regional level within one country (i.e., the United States). Both essays provide a basis for much more sophisticated analysis by policymakers than previously, and, both are important because they question governments' institutional arrangements that create agency problems with respect to tax incentive policies.en
dc.identifierhttp://documents.worldbank.org/curated/en/2001/01/1614958/using-tax-incentives-compete-foreign-investment-worth-costs
dc.identifier.doi10.1596/0-8213-4992-9
dc.identifier.isbn0-8213-4992-9
dc.identifier.urihttps://hdl.handle.net/10986/13979
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank and the International Finance Corporation
dc.relation.ispartofseriesFIAS Occasional Paper;No. 15
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectAGENCY PROBLEMS
dc.subjectBALANCE OF PAYMENTS
dc.subjectCOLLECTIVE ACTION
dc.subjectCONSUMERS
dc.subjectCORPORATE INCOME TAX
dc.subjectCORPORATE INCOME TAXES
dc.subjectCREDIT SYSTEMS
dc.subjectDISCOUNT RATE
dc.subjectDIVIDENDS
dc.subjectDOMESTIC FIRMS
dc.subjectDOMESTIC INVESTORS
dc.subjectDOMESTIC MARKET
dc.subjectDOMESTIC MARKETS
dc.subjectECONOMETRIC ANALYSIS
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMISTS
dc.subjectEMPIRICAL STUDIES
dc.subjectEXPORT MARKETS
dc.subjectFINANCIAL ASSISTANCE
dc.subjectFINANCIAL SERVICES
dc.subjectFISH
dc.subjectFOREIGN COMPANIES
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN FIRMS
dc.subjectFOREIGN INVESTMENT
dc.subjectFOREIGN INVESTORS
dc.subjectFREE TRADE
dc.subjectFREE TRADE AGREEMENT
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGROWTH RATE
dc.subjectGROWTH RATES
dc.subjectHARMONIZATION
dc.subjectIMPORTS
dc.subjectINCOME
dc.subjectINCOME TAX RATE
dc.subjectINTERNATIONAL ECONOMICS
dc.subjectINTERNATIONAL NORMS
dc.subjectINVESTMENT FLOWS
dc.subjectINVESTMENT INCENTIVES
dc.subjectINVESTMENT INFLOWS
dc.subjectLEGISLATION
dc.subjectLICENSES
dc.subjectMEMBER COUNTRIES
dc.subjectMULTINATIONAL COMPANIES
dc.subjectNATIONAL MARKET
dc.subjectNEIGHBORING COUNTRIES
dc.subjectNPV
dc.subjectPOTENTIAL INVESTORS
dc.subjectPRESENT VALUE
dc.subjectPRIVATE SECTOR
dc.subjectPROVISIONS
dc.subjectPUBLIC ENTERPRISES
dc.subjectSAVINGS
dc.subjectTAX
dc.subjectTAX COMPETITION
dc.subjectTAX CREDITS
dc.subjectTAX INCENTIVES
dc.subjectTAX RATES
dc.subjectTAX REFORM
dc.subjectTAX REVENUE
dc.subjectTAX SYSTEM
dc.subjectTAX SYSTEMS
dc.subjectTAXATION
dc.subjectTREASURY
dc.subjectWAGES
dc.subjectWORLD TRADE
dc.subjectWORLD TRADE ORGANIZATION
dc.titleUsing Tax Incentives to Compete for Foreign Investment : Are They Worth the Costs?en
dspace.entity.typePublication
okr.doctypePublications & Research::Publication
okr.doctypePublications & Research::Publication
okr.docurlhttp://documents.worldbank.org/curated/en/2001/01/1614958/using-tax-incentives-compete-foreign-investment-worth-costs
okr.globalpracticeTrade and Competitiveness
okr.guid164401468770722428
okr.identifier.doi10.1596/0-8213-4992-9
okr.identifier.externaldocumentum000094946_01102704133959
okr.identifier.internaldocumentum1614958
okr.identifier.report23032
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2001/11/10/000094946_01102704133959/Rendered/PDF/multi0page.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.administrativeSouth Asia
okr.sectorPublic Administration, Law, and Justice
okr.themePublic sector governance :: Public expenditure, financial management and procurement
okr.topicInternational Economics and Trade::Trade and Regional Integration
okr.topicEconomic Theory and Research
okr.topicInternational Terrorism and Counterterrorism
okr.topicEnvironmental Economics and Policies
okr.topicPublic Sector Economics and Finance
okr.unitFIAS Investment Generation-WB (CICIG)
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