Tax Concessions and Foreign Direct Investmentin the Eastern Caribbean Currency Union:
Tax concessions have been employed as a central component of the development strategy in the small island states comprising the Eastern Caribbean Currency Union. This paper compares the costs of concessions in terms of revenues forgone with the benefits in terms of increased foreign direct investmen...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2008
|
| Schriftenreihe: | IMF Working Papers
Working Paper No. 08/257 |
| Online-Zugang: | BSB01 FAN01 FHA01 FKE01 FLA01 FNU01 LCO01 SBG01 SBR01 TUM01 UBA01 UBG01 UBM01 UBR01 UBT01 UBW01 UBY01 UEI01 UER01 UPA01 Volltext |
| Zusammenfassung: | Tax concessions have been employed as a central component of the development strategy in the small island states comprising the Eastern Caribbean Currency Union. This paper compares the costs of concessions in terms of revenues forgone with the benefits in terms of increased foreign direct investment. The costs are very large, while the benefits appear to be marginal at best. Forgone tax revenues range between 91/2 and 16 percent of GDP per year, whereas total foreign direct investment does not appear to depend on concessions. A rethinking of the use of concessions in the region is needed urgently |
| Beschreibung: | 1 Online-Ressource (33 p) |
| ISBN: | 1451871155 9781451871159 |
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| index_date | 2024-07-03T20:13:26Z |
| indexdate | 2024-07-10T09:35:34Z |
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| spelling | Chai, Jingqing Verfasser aut Tax Concessions and Foreign Direct Investmentin the Eastern Caribbean Currency Union Chai, Jingqing Washington, D.C International Monetary Fund 2008 1 Online-Ressource (33 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 08/257 Tax concessions have been employed as a central component of the development strategy in the small island states comprising the Eastern Caribbean Currency Union. This paper compares the costs of concessions in terms of revenues forgone with the benefits in terms of increased foreign direct investment. The costs are very large, while the benefits appear to be marginal at best. Forgone tax revenues range between 91/2 and 16 percent of GDP per year, whereas total foreign direct investment does not appear to depend on concessions. A rethinking of the use of concessions in the region is needed urgently Online-Ausg Goyal, Rishi Sonstige oth http://elibrary.imf.org/view/IMF001/09716-9781451871159/09716-9781451871159/09716-9781451871159.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Chai, Jingqing Tax Concessions and Foreign Direct Investmentin the Eastern Caribbean Currency Union |
| title | Tax Concessions and Foreign Direct Investmentin the Eastern Caribbean Currency Union |
| title_auth | Tax Concessions and Foreign Direct Investmentin the Eastern Caribbean Currency Union |
| title_exact_search | Tax Concessions and Foreign Direct Investmentin the Eastern Caribbean Currency Union |
| title_exact_search_txtP | Tax Concessions and Foreign Direct Investmentin the Eastern Caribbean Currency Union |
| title_full | Tax Concessions and Foreign Direct Investmentin the Eastern Caribbean Currency Union Chai, Jingqing |
| title_fullStr | Tax Concessions and Foreign Direct Investmentin the Eastern Caribbean Currency Union Chai, Jingqing |
| title_full_unstemmed | Tax Concessions and Foreign Direct Investmentin the Eastern Caribbean Currency Union Chai, Jingqing |
| title_short | Tax Concessions and Foreign Direct Investmentin the Eastern Caribbean Currency Union |
| title_sort | tax concessions and foreign direct investmentin the eastern caribbean currency union |
| url | http://elibrary.imf.org/view/IMF001/09716-9781451871159/09716-9781451871159/09716-9781451871159.xml |
| work_keys_str_mv | AT chaijingqing taxconcessionsandforeigndirectinvestmentintheeasterncaribbeancurrencyunion AT goyalrishi taxconcessionsandforeigndirectinvestmentintheeasterncaribbeancurrencyunion |