Using Tax Incentives to Compete for Foreign Investment

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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.accessioned2022-11-16T09:25:12Z
dc.date.available2022-11-16T09:25:12Z
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_US
dc.identifier.isbn0-8213-4992-9
dc.identifier.urihttp://hdl.handle.net/10986/13979
dc.language.isoenen_US
dc.publisherWorld Bank, Washington, DCen_US
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectBalance of paymentsen_US
dc.subjectCollective actionen_US
dc.subjectConsumersen_US
dc.subjectCorporate income taxen_US
dc.subjectCorporate income taxesen_US
dc.subjectCredit systemsen_US
dc.subjectDiscount rateen_US
dc.titleUsing Tax Incentives to Compete for Foreign Investmenten_US
dc.title.alternativeAre They Worth the Costs?en_US
dc.typeBooken_US

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