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Investment Incentives and Effective Tax Rates in the Philippines.
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 inv...
| Cote: | Libro Electrónico |
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| Auteur principal: | |
| Autres auteurs: | , |
| Format: | Électronique eBook |
| Langue: | Inglés |
| Publié: |
Washington :
International Monetary Fund,
2008.
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| Collection: | IMF Working Papers.
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| Sujets: | |
| Accès en ligne: | Texto completo |
| Résumé: | 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 investment incentives are comparable to those in neighboring countries. Tax holidays are most attractive for very profitable firms, creating redundancy, and for investment in short-lived assets. We also consider recently-proposed tax reforms that would replace tax holidays by a reduced corporate income. |
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| Description: | Appendix: Derivation of Effective Tax Rates. |
| Description matérielle: | 1 online resource (36 pages) |
| ISBN: | 9781451915181 1451915187 1462328555 9781462328550 1452756147 9781452756141 1282841580 9781282841581 9786612841583 6612841583 1451870655 9781451870657 |