Providing Incentives for Investment : Advice for policymakers in developing countries
Are tax incentives effective at attracting investment? Or are they a waste of resources? The answer depends on the policies used and the sectors where investment is sought. This note consolidates the policy implications of the latest research by the World Bank Group's investment climate advisory services on the efficacy of investment incentives. The research finds that such incentives are ineffective where investment climates are weak, and they cannot compensate for such deficiencies. Moreover, even where incentives are effective in attracting investment, they have significant costs. When incentives are clearly ineffective, political considerations often drive their continued use. This note identifies best practices for incentive policy and administration and provides a framework for analyzing the likely effectiveness of investment incentives under different conditions and in different types of countries.
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dig-okr-10986105112024-08-08T16:09:20Z Providing Incentives for Investment : Advice for policymakers in developing countries James, Sebastian ACCELERATED DEPRECIATION AMOUNT OF CAPITAL AUDITS BARRIERS TO INVESTMENT BUSINESS ENVIRONMENT BUSINESS ENVIRONMENTS CAPITAL INVESTMENTS CHECKS COMPETITIVE MARKETS COMPETITIVENESS CORPORATE TAX CORPORATE TAX RATE DEPRECIATION ALLOWANCES DEVELOPING COUNTRIES DEVELOPING ECONOMIES DOUBLE TAXATION EXCLUSION EXPENDITURE FINANCE CORPORATION FINANCIAL CRISIS FISCAL POLICY FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT GDP GOOD INVESTMENT CLIMATE GOVERNMENT REVENUE HOME COUNTRY HOST COUNTRY INCENTIVES TO INVESTORS INCOME INFRASTRUCTURE PROJECTS INTERNATIONAL FINANCE INVESTMENT ALLOWANCES INVESTMENT CLIMATE INVESTMENT CLIMATES INVESTMENT DECISIONS INVESTMENT ENVIRONMENT INVESTMENT GROWTH INVESTMENT INCENTIVES INVESTMENT POLICY INVESTMENT PROCEDURES INVESTMENT PROCESS INVESTMENT PROMOTION INVESTMENT TAX CREDITS JOB CREATION LEVEL PLAYING FIELD LIQUIDITY LOCAL ECONOMIES LOCAL ECONOMY MARGINAL COST MULTIPLIER EFFECTS NATURAL RESOURCES OPPORTUNITY COSTS PER CAPITA INCOME POLITICAL CONSIDERATIONS POSITIVE EXTERNALITIES POTENTIAL INVESTORS PUBLIC FUNDS PUBLIC GOOD RED TAPE RENT SEEKING RETURNS SINGLE TAX STARTUP STATEMENTS TAX TAX ADMINISTRATION TAX BASE TAX BENEFITS TAX CODE TAX COMPETITION TAX CREDIT TAX EVASION TAX EXEMPTIONS TAX EXPENDITURE TAX INCENTIVE TAX INCENTIVES TAX LAWS TAX LIABILITY TAX PAYMENTS TAX POLICIES TAX POLICY TAX PROVISIONS TAX RATE TAX RATES TAX RETURNS TAX REVENUE TAX REVENUES TAX SIMPLIFICATION TAX SPARING TAX SYSTEM TAXPAYERS TRANSFER TAX TRANSPARENCY UNEMPLOYMENT Are tax incentives effective at attracting investment? Or are they a waste of resources? The answer depends on the policies used and the sectors where investment is sought. This note consolidates the policy implications of the latest research by the World Bank Group's investment climate advisory services on the efficacy of investment incentives. The research finds that such incentives are ineffective where investment climates are weak, and they cannot compensate for such deficiencies. Moreover, even where incentives are effective in attracting investment, they have significant costs. When incentives are clearly ineffective, political considerations often drive their continued use. This note identifies best practices for incentive policy and administration and provides a framework for analyzing the likely effectiveness of investment incentives under different conditions and in different types of countries. 2012-08-13T11:51:03Z 2012-08-13T11:51:03Z 2010-01 http://documents.worldbank.org/curated/en/2010/01/12091377/providing-incentives-investment-advice-policymakers-developing-countries https://hdl.handle.net/10986/10511 English Investment Climate in Practice; No. 7 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank application/pdf text/plain World Bank, Washington, DC |
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Banco Mundial |
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Estados Unidos |
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US |
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Bibliográfico |
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En linea |
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biblioteca |
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America del Norte |
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Biblioteca del Banco Mundial |
| language |
English |
| topic |
ACCELERATED DEPRECIATION AMOUNT OF CAPITAL AUDITS BARRIERS TO INVESTMENT BUSINESS ENVIRONMENT BUSINESS ENVIRONMENTS CAPITAL INVESTMENTS CHECKS COMPETITIVE MARKETS COMPETITIVENESS CORPORATE TAX CORPORATE TAX RATE DEPRECIATION ALLOWANCES DEVELOPING COUNTRIES DEVELOPING ECONOMIES DOUBLE TAXATION EXCLUSION EXPENDITURE FINANCE CORPORATION FINANCIAL CRISIS FISCAL POLICY FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT GDP GOOD INVESTMENT CLIMATE GOVERNMENT REVENUE HOME COUNTRY HOST COUNTRY INCENTIVES TO INVESTORS INCOME INFRASTRUCTURE PROJECTS INTERNATIONAL FINANCE INVESTMENT ALLOWANCES INVESTMENT CLIMATE INVESTMENT CLIMATES INVESTMENT DECISIONS INVESTMENT ENVIRONMENT INVESTMENT GROWTH INVESTMENT INCENTIVES INVESTMENT POLICY INVESTMENT PROCEDURES INVESTMENT PROCESS INVESTMENT PROMOTION INVESTMENT TAX CREDITS JOB CREATION LEVEL PLAYING FIELD LIQUIDITY LOCAL ECONOMIES LOCAL ECONOMY MARGINAL COST MULTIPLIER EFFECTS NATURAL RESOURCES OPPORTUNITY COSTS PER CAPITA INCOME POLITICAL CONSIDERATIONS POSITIVE EXTERNALITIES POTENTIAL INVESTORS PUBLIC FUNDS PUBLIC GOOD RED TAPE RENT SEEKING RETURNS SINGLE TAX STARTUP STATEMENTS TAX TAX ADMINISTRATION TAX BASE TAX BENEFITS TAX CODE TAX COMPETITION TAX CREDIT TAX EVASION TAX EXEMPTIONS TAX EXPENDITURE TAX INCENTIVE TAX INCENTIVES TAX LAWS TAX LIABILITY TAX PAYMENTS TAX POLICIES TAX POLICY TAX PROVISIONS TAX RATE TAX RATES TAX RETURNS TAX REVENUE TAX REVENUES TAX SIMPLIFICATION TAX SPARING TAX SYSTEM TAXPAYERS TRANSFER TAX TRANSPARENCY UNEMPLOYMENT ACCELERATED DEPRECIATION AMOUNT OF CAPITAL AUDITS BARRIERS TO INVESTMENT BUSINESS ENVIRONMENT BUSINESS ENVIRONMENTS CAPITAL INVESTMENTS CHECKS COMPETITIVE MARKETS COMPETITIVENESS CORPORATE TAX CORPORATE TAX RATE DEPRECIATION ALLOWANCES DEVELOPING COUNTRIES DEVELOPING ECONOMIES DOUBLE TAXATION EXCLUSION EXPENDITURE FINANCE CORPORATION FINANCIAL CRISIS FISCAL POLICY FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT GDP GOOD INVESTMENT CLIMATE GOVERNMENT REVENUE HOME COUNTRY HOST COUNTRY INCENTIVES TO INVESTORS INCOME INFRASTRUCTURE PROJECTS INTERNATIONAL FINANCE INVESTMENT ALLOWANCES INVESTMENT CLIMATE INVESTMENT CLIMATES INVESTMENT DECISIONS INVESTMENT ENVIRONMENT INVESTMENT GROWTH INVESTMENT INCENTIVES INVESTMENT POLICY INVESTMENT PROCEDURES INVESTMENT PROCESS INVESTMENT PROMOTION INVESTMENT TAX CREDITS JOB CREATION LEVEL PLAYING FIELD LIQUIDITY LOCAL ECONOMIES LOCAL ECONOMY MARGINAL COST MULTIPLIER EFFECTS NATURAL RESOURCES OPPORTUNITY COSTS PER CAPITA INCOME POLITICAL CONSIDERATIONS POSITIVE EXTERNALITIES POTENTIAL INVESTORS PUBLIC FUNDS PUBLIC GOOD RED TAPE RENT SEEKING RETURNS SINGLE TAX STARTUP STATEMENTS TAX TAX ADMINISTRATION TAX BASE TAX BENEFITS TAX CODE TAX COMPETITION TAX CREDIT TAX EVASION TAX EXEMPTIONS TAX EXPENDITURE TAX INCENTIVE TAX INCENTIVES TAX LAWS TAX LIABILITY TAX PAYMENTS TAX POLICIES TAX POLICY TAX PROVISIONS TAX RATE TAX RATES TAX RETURNS TAX REVENUE TAX REVENUES TAX SIMPLIFICATION TAX SPARING TAX SYSTEM TAXPAYERS TRANSFER TAX TRANSPARENCY UNEMPLOYMENT |
| spellingShingle |
ACCELERATED DEPRECIATION AMOUNT OF CAPITAL AUDITS BARRIERS TO INVESTMENT BUSINESS ENVIRONMENT BUSINESS ENVIRONMENTS CAPITAL INVESTMENTS CHECKS COMPETITIVE MARKETS COMPETITIVENESS CORPORATE TAX CORPORATE TAX RATE DEPRECIATION ALLOWANCES DEVELOPING COUNTRIES DEVELOPING ECONOMIES DOUBLE TAXATION EXCLUSION EXPENDITURE FINANCE CORPORATION FINANCIAL CRISIS FISCAL POLICY FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT GDP GOOD INVESTMENT CLIMATE GOVERNMENT REVENUE HOME COUNTRY HOST COUNTRY INCENTIVES TO INVESTORS INCOME INFRASTRUCTURE PROJECTS INTERNATIONAL FINANCE INVESTMENT ALLOWANCES INVESTMENT CLIMATE INVESTMENT CLIMATES INVESTMENT DECISIONS INVESTMENT ENVIRONMENT INVESTMENT GROWTH INVESTMENT INCENTIVES INVESTMENT POLICY INVESTMENT PROCEDURES INVESTMENT PROCESS INVESTMENT PROMOTION INVESTMENT TAX CREDITS JOB CREATION LEVEL PLAYING FIELD LIQUIDITY LOCAL ECONOMIES LOCAL ECONOMY MARGINAL COST MULTIPLIER EFFECTS NATURAL RESOURCES OPPORTUNITY COSTS PER CAPITA INCOME POLITICAL CONSIDERATIONS POSITIVE EXTERNALITIES POTENTIAL INVESTORS PUBLIC FUNDS PUBLIC GOOD RED TAPE RENT SEEKING RETURNS SINGLE TAX STARTUP STATEMENTS TAX TAX ADMINISTRATION TAX BASE TAX BENEFITS TAX CODE TAX COMPETITION TAX CREDIT TAX EVASION TAX EXEMPTIONS TAX EXPENDITURE TAX INCENTIVE TAX INCENTIVES TAX LAWS TAX LIABILITY TAX PAYMENTS TAX POLICIES TAX POLICY TAX PROVISIONS TAX RATE TAX RATES TAX RETURNS TAX REVENUE TAX REVENUES TAX SIMPLIFICATION TAX SPARING TAX SYSTEM TAXPAYERS TRANSFER TAX TRANSPARENCY UNEMPLOYMENT ACCELERATED DEPRECIATION AMOUNT OF CAPITAL AUDITS BARRIERS TO INVESTMENT BUSINESS ENVIRONMENT BUSINESS ENVIRONMENTS CAPITAL INVESTMENTS CHECKS COMPETITIVE MARKETS COMPETITIVENESS CORPORATE TAX CORPORATE TAX RATE DEPRECIATION ALLOWANCES DEVELOPING COUNTRIES DEVELOPING ECONOMIES DOUBLE TAXATION EXCLUSION EXPENDITURE FINANCE CORPORATION FINANCIAL CRISIS FISCAL POLICY FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT GDP GOOD INVESTMENT CLIMATE GOVERNMENT REVENUE HOME COUNTRY HOST COUNTRY INCENTIVES TO INVESTORS INCOME INFRASTRUCTURE PROJECTS INTERNATIONAL FINANCE INVESTMENT ALLOWANCES INVESTMENT CLIMATE INVESTMENT CLIMATES INVESTMENT DECISIONS INVESTMENT ENVIRONMENT INVESTMENT GROWTH INVESTMENT INCENTIVES INVESTMENT POLICY INVESTMENT PROCEDURES INVESTMENT PROCESS INVESTMENT PROMOTION INVESTMENT TAX CREDITS JOB CREATION LEVEL PLAYING FIELD LIQUIDITY LOCAL ECONOMIES LOCAL ECONOMY MARGINAL COST MULTIPLIER EFFECTS NATURAL RESOURCES OPPORTUNITY COSTS PER CAPITA INCOME POLITICAL CONSIDERATIONS POSITIVE EXTERNALITIES POTENTIAL INVESTORS PUBLIC FUNDS PUBLIC GOOD RED TAPE RENT SEEKING RETURNS SINGLE TAX STARTUP STATEMENTS TAX TAX ADMINISTRATION TAX BASE TAX BENEFITS TAX CODE TAX COMPETITION TAX CREDIT TAX EVASION TAX EXEMPTIONS TAX EXPENDITURE TAX INCENTIVE TAX INCENTIVES TAX LAWS TAX LIABILITY TAX PAYMENTS TAX POLICIES TAX POLICY TAX PROVISIONS TAX RATE TAX RATES TAX RETURNS TAX REVENUE TAX REVENUES TAX SIMPLIFICATION TAX SPARING TAX SYSTEM TAXPAYERS TRANSFER TAX TRANSPARENCY UNEMPLOYMENT James, Sebastian Providing Incentives for Investment : Advice for policymakers in developing countries |
| description |
Are tax incentives effective at
attracting investment? Or are they a waste of resources? The
answer depends on the policies used and the sectors where
investment is sought. This note consolidates the policy
implications of the latest research by the World Bank
Group's investment climate advisory services on the
efficacy of investment incentives. The research finds that
such incentives are ineffective where investment climates
are weak, and they cannot compensate for such deficiencies.
Moreover, even where incentives are effective in attracting
investment, they have significant costs. When incentives are
clearly ineffective, political considerations often drive
their continued use. This note identifies best practices for
incentive policy and administration and provides a framework
for analyzing the likely effectiveness of investment
incentives under different conditions and in different types
of countries. |
| topic_facet |
ACCELERATED DEPRECIATION AMOUNT OF CAPITAL AUDITS BARRIERS TO INVESTMENT BUSINESS ENVIRONMENT BUSINESS ENVIRONMENTS CAPITAL INVESTMENTS CHECKS COMPETITIVE MARKETS COMPETITIVENESS CORPORATE TAX CORPORATE TAX RATE DEPRECIATION ALLOWANCES DEVELOPING COUNTRIES DEVELOPING ECONOMIES DOUBLE TAXATION EXCLUSION EXPENDITURE FINANCE CORPORATION FINANCIAL CRISIS FISCAL POLICY FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT GDP GOOD INVESTMENT CLIMATE GOVERNMENT REVENUE HOME COUNTRY HOST COUNTRY INCENTIVES TO INVESTORS INCOME INFRASTRUCTURE PROJECTS INTERNATIONAL FINANCE INVESTMENT ALLOWANCES INVESTMENT CLIMATE INVESTMENT CLIMATES INVESTMENT DECISIONS INVESTMENT ENVIRONMENT INVESTMENT GROWTH INVESTMENT INCENTIVES INVESTMENT POLICY INVESTMENT PROCEDURES INVESTMENT PROCESS INVESTMENT PROMOTION INVESTMENT TAX CREDITS JOB CREATION LEVEL PLAYING FIELD LIQUIDITY LOCAL ECONOMIES LOCAL ECONOMY MARGINAL COST MULTIPLIER EFFECTS NATURAL RESOURCES OPPORTUNITY COSTS PER CAPITA INCOME POLITICAL CONSIDERATIONS POSITIVE EXTERNALITIES POTENTIAL INVESTORS PUBLIC FUNDS PUBLIC GOOD RED TAPE RENT SEEKING RETURNS SINGLE TAX STARTUP STATEMENTS TAX TAX ADMINISTRATION TAX BASE TAX BENEFITS TAX CODE TAX COMPETITION TAX CREDIT TAX EVASION TAX EXEMPTIONS TAX EXPENDITURE TAX INCENTIVE TAX INCENTIVES TAX LAWS TAX LIABILITY TAX PAYMENTS TAX POLICIES TAX POLICY TAX PROVISIONS TAX RATE TAX RATES TAX RETURNS TAX REVENUE TAX REVENUES TAX SIMPLIFICATION TAX SPARING TAX SYSTEM TAXPAYERS TRANSFER TAX TRANSPARENCY UNEMPLOYMENT |
| author |
James, Sebastian |
| author_facet |
James, Sebastian |
| author_sort |
James, Sebastian |
| title |
Providing Incentives for Investment : Advice for policymakers in developing countries |
| title_short |
Providing Incentives for Investment : Advice for policymakers in developing countries |
| title_full |
Providing Incentives for Investment : Advice for policymakers in developing countries |
| title_fullStr |
Providing Incentives for Investment : Advice for policymakers in developing countries |
| title_full_unstemmed |
Providing Incentives for Investment : Advice for policymakers in developing countries |
| title_sort |
providing incentives for investment : advice for policymakers in developing countries |
| publisher |
World Bank, Washington, DC |
| publishDate |
2010-01 |
| url |
http://documents.worldbank.org/curated/en/2010/01/12091377/providing-incentives-investment-advice-policymakers-developing-countries https://hdl.handle.net/10986/10511 |
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