TY - BOOK ID - 11943609 TI - Causes, Benefits, and Risks of Business Tax Incentives PY - 2009 SN - 1451916043 1462374956 9786612842436 1451871686 1282842439 1452713758 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Political Science KW - Law, Politics & Government KW - Public Finance KW - Tax incentives. KW - Corporations KW - Taxation. KW - Corporate income tax KW - Corporate taxes KW - Corporation income tax KW - Corporation tax KW - Federal corporation tax KW - Franchises, Taxation of KW - Taxation of franchises KW - Incentives, Tax KW - Tax subsidies KW - Taxation KW - Tax expenditures KW - Finance KW - Valuation KW - Investments: General KW - Personal Finance -Taxation KW - Corporate Taxation KW - Business Taxes and Subsidies KW - International Fiscal Issues KW - International Public Goods KW - Taxation, Subsidies, and Revenue: General KW - Personal Income and Other Nonbusiness Taxes and Subsidies KW - Investment KW - Capital KW - Intangible Capital KW - Capacity KW - Public finance & taxation KW - Corporate & business tax KW - Macroeconomics KW - Tax incentives KW - Tax holidays KW - Tax allowances KW - Depreciation KW - Taxes KW - National accounts KW - Income tax KW - Saving and investment KW - Puerto Rico UR - https://www.unicat.be/uniCat?func=search&query=sysid:11943609 AB - 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 against tax incentives, and by an illustrative analysis of different incentives using effective tax rates. Findings from the empirical literature on tax incentives are also presented. Based on the overview of theoretical and empirical findings, the paper then suggests a matrix of criteria to determine the usefulness of different tax incentives depending on a country's circumstances. ER -