Narrow Your Choices

Refine By Countries

Refine By Series

Refine By Language

Refine By Date

—

Refine By IMF Taxonomy

Refine By JEL Taxonomy

Refine by LOC Taxonomy

Refine By THEMA Taxonomy

  • Print
  • Save

Business and Economics > Corporate Taxation

You are looking at 1 - 5 of 5 items for :

  • Type: Journal Issue x
Clear All Modify Search
Cover IMF Staff Country Reports
Sri Lanka: Selected Issues
International Monetary Fund. Asia and Pacific Dept
Selected Issues
Keywords:
A. government financing; General government tax revenue; indirect tax revenue composition; B. tax revenue performance; average revenue; Value-added tax; Consumption taxes; Informal employment; COVID-19; South Asia; Global; Asia and Pacific
Cover IMF Staff Country Reports
Philippines: Technical Assistance Report on Road Map for a Pro-Growth and Equitable Tax System
International Monetary Fund
The Technical Assistance Report on the Philippines’ road map for a pro-growth and equitable tax system is examined. Tax revenue has declined over the last decade in the Philippines owing to generous and expanding tax incentives, tariff rate reduction, deteriorating tax compliance caused by ineffective and inefficient revenue administration, and a gradual erosion of excise revenue owing to nonindexation. One of the key reasons for providing tax incentives in the Philippines is concern that the country needs to be competitive with other countries in the region to attract foreign direct investment.
Keywords:
ISCR; CR; excise tax; tax rate; tax burden; income tax; tax revenue; withholding tax; gross sales; flat rate; taxable income; tax system; excise rate; Excises; Tax incentives; Corporate income tax; Income and capital gains taxes; Global
Cover IMF Working Papers
A Partial Race to the Bottom: Corporate Tax Developments in Emerging and Developing Economies
Junhyung Park
,
Mr. Sukhmani Bedi
,
S. M. Ali Abbas
, and
Mr. Alexander D Klemm
This paper assembles a new dataset on corporate income tax regimes in 50 emerging and developing economies over 1996-2007 and analyzes their impact on corporate tax revenues and domestic and foreign investment. It computes effective tax rates to take account of complicated special regimes, such as partial tax holidays, temporarily reduced rates and increased investment allowances. There is evidence of a partial race to the bottom: countries have been under pressure to lower tax rates in order to lure and boost investment. In the case of standard tax systems (i.e. tax rules applying under normal circumstances), the effective tax rate reductions have not been larger than those witnessed in advanced economies, and revenues have held up well over the sample period. However, a race to the bottom is evident among special regimes, most notably in the case of Africa, creating effectively a parallel tax system where rates have fallen to almost zero. Regression analysis reveals higher tax rates adversely affect domestic investment and FDI, but do raise revenues in the short-run.
Keywords:
WP; tax rate; revenue; GDP; investment; Effective Tax Rates; Corporate Income Tax; Special Economic Zones; Emerging Markets; Low-Income Countries; Developing Economies; investment impact; tax rate cut; regime data; economic rent; tax competition; present discounted value; capital tax elasticity; lowering tax rates; corporate tax; Effective tax rate; Average effective tax rate; Marginal effective tax rate; Africa; Europe; Sub-Saharan Africa; Global
Cover IMF Staff Country Reports
Sri Lanka: Selected Issues and Statistical Appendix
International Monetary Fund
This Selected Issues paper on Sri Lanka reviews several issues that highlight both Sri Lanka’s accomplishments and their policy constraints amidst a protracted period of civil conflict and political instability. High intermediation costs have held back development of the financial sector and could also frustrate Sri Lanka’s quest for higher growth. The main constraints to achieving higher growth include the civil conflict, political instability, high fiscal deficits and inflation, and underdeveloped financial markets.
Keywords:
ISCR; CR; export; India; bank; revenue; yield; growth performance; WB business survey; exports to India; NPL problem; bank profit; Exports; Value-added tax; Commercial banks; Income and capital gains taxes; South Asia; East Asia; Central and Eastern Europe; Asia and Pacific
Cover IMF Staff Country Reports
Sri Lanka: Selected Issues and Statistical Appendix
International Monetary Fund
This paper explores how monetary policy affects other macroeconomic variables, mainly output and inflation. First, it provides an overview of the framework for implementing monetary policy and then discusses the transmission mechanism itself. In this study, the following statistical data are listed in detail: GDP and expenditure components, savings, investment, current account, consumption and prices of petroleum and electricity, price indicators, employment by economic sectors, monetary survey, selected interest rates, balance of payments, exports and imports by commodity, direction of trade, services and income.
Keywords:
ISCR; CR; repo rate; exchange rate; transmission mechanism; accelerated depreciation; private sector; reverse repo; central bank; Tax incentives; Repo rates; Tax holidays; Corporate income tax; Credit; Middle East