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Priorities for strengthening key revenue sources in Asia

Gupta, Sanjeev; Jalles, João Tovar - In: Asian development review : studies of Asian and pacific … 40 (2023) 2, pp. 271-303

This paper discusses the evolution of key taxes during the past 20 years in developing Asia and the fiscal challenges … capacity and tax potential, and discusses the productivity of key taxes in the region. The paper finds that developing Asia has … property taxes. Increased allocations and better targeting of social spending would help offset some of the regressivity …

Persistent link: https://www.econbiz.de/10014426318

The Impact of the Tax Cuts and Jobs Act on Foreign Investment in the United States

Matheson, Thornton - 2022

-border investment than EMTRs. Country-by-industry regressions showed a larger effect of taxes on PPE investment than aggregate country …

Persistent link: https://www.econbiz.de/10015060451

Expenditure Composition, Fiscal Adjustment, and Growth in Low-Income Countries

Clements, Benedict J.; Gupta, Sanjeev; Baldacci, Emanuele; … - International Monetary Fund (IMF) - 2002

This paper assesses the effects of expenditure composition as well as fiscal adjustment on economic growth in a sample of 39 low-income countries during the 1990s. The paper finds that strong budgetary positions and fiscal consolidation are generally associated with higher economic growth in...

Persistent link: https://www.econbiz.de/10005264087

Investment Incentives and Effective Tax Rates in the Philippines; A Comparison with Neighboring Countries

Klemm, Alexander; Botman, Dennis P. J.; Baqir, Reza - International Monetary Fund (IMF) - 2008

We compare the general tax provisions and investment incentives in the Philippines to six other east-Asian economies-Malaysia, Indonesia, Lao, Vietnam, Cambodia, and Thailand. We calculate effective tax rates and find that general effective tax rates are relatively high in the Philippines, while...

Persistent link: https://www.econbiz.de/10005264199

A Partial Race to the Bottom; Corporate Tax Developments in Emerging and Developing Economies

Park, Junhyung; Bedi, Sukhmani; Abbas, S. M. Ali; … - International Monetary Fund (IMF) - 2012

This paper assembles a new dataset on corporate income tax regimes in 50 emerging and developing economies over 1996-2007 and analyzes their impact on corporate tax revenues and domestic and foreign investment. It computes effective tax rates to take account of complicated special regimes, such...

Persistent link: https://www.econbiz.de/10009650619

The Effects of Dividend Taxeson Equity Prices; A Re-Examination of the 1997 U.K. Tax Reform

Bond, Stephen; Klemm, Alexander; Devereux, Michael B. - International Monetary Fund (IMF) - 2007

We re-examine the extent to which personal taxes on dividends are capitalized into the equity prices of domestic firms …

Persistent link: https://www.econbiz.de/10005825898

Causes, Benefits, and Risks of Business Tax Incentives

Klemm, Alexander - International Monetary Fund (IMF) - 2009

This paper provides an updated overview of tax incentives for business investment. It begins by noting that tax competition is likely to be a major force driving countries' tax reforms, and discusses tax incentives as a possible response to this. This is complemented by other arguments for and...

Persistent link: https://www.econbiz.de/10005826566

Allowances for Corporate Equity in Practice

Klemm, Alexander - International Monetary Fund (IMF) - 2006

This paper provides an overview of full and partial allowance for corporate equity (ACE) tax systems in practice. In the recent past, ACE systems have been used in Austria, Croatia, and Italy. Brazil still applies a variant of such a system and Belgium introduced one this year. This paper...

Persistent link: https://www.econbiz.de/10005768882

Empirical Evidenceon the Effects of Tax Incentives

Klemm, Alexander; Parys, Stefan van - International Monetary Fund (IMF) - 2009

This paper considers two empirical questions about tax incentives: (1) are incentives used as tools of tax competition and (2) how effective are incentives in attracting investment? To answer these, we prepared a new dataset of tax incentives in over 40 Latin American, Caribbean and African...

Persistent link: https://www.econbiz.de/10008528617

Fiscal Management of Scaled-Up Aid

Gupta, Sanjeev; Last, Duncan; Adenauer, Isabell; … - International Monetary Fund (IMF) - 2007

This paper discusses the role of fiscal policy and fiscal institutions in managing scaled-up aid. In an environment of volatile scaled-up aid, fiscal policy formulation should be anchored in medium-term frameworks, incorporating a longer-term view of potential resource availability and spending...

Persistent link: https://www.econbiz.de/10005605053