tests. Overall, it is concluded that the tax stimulus analyzed was ineffective in promoting investment in Colombia. …This paper uses a yearly dataset of plant-level investment in Colombian firms during the period 1997 to 2007 to assess … significant correlation is found between the boom observed in investment and the adoption of the tax policy. However, the …

conclude that the analyzed tax stimulus was ineffective to promote investment in Colombia …We use a yearly dataset of plant level investment in Colombian firms during the period 1997 to 2007, to assess the … statistically significant correlation between the boom observed in investment and the adoption of the tax policy. However the …

The paper assesses the role of taxes on investment in Colombian firms. The analysis is carried out at the firm level … the statutory tax rates, tax credits and incentives for corporate investment. The effect of corporate taxation on … investment is estimated by first determining the impact of taxation on the cost of capital by computing the effective marginal …

corporate tax burden is likely to deter investment and to further encourage tax evasion in the future and therefore calls for a … fundamental business tax reform. This paper also reviews the other key elements of the capital income tax system in Colombia. This … Working Paper relates to the 2014 OECD Economic Survey of Colombia (www.oecd.org/eco/surveys/economic-survey-colombia.htm) …

This Working Paper assesses the impact on investment of a reduction in corporate taxes and the impact on employment …, labor formality, and growth of a reduction in non-wage labor costs in Colombia. First, and following Hall and Jorgensen … (1967), we estimate an investment function, which depends on the user cost of capital, one of whose determinants is the …