The role of tax incentives in attracting foreign investment: international case studies
DOI:
https://doi.org/10.62452/pc1zvd78Keywords:
Taxation, foreign investment, taxes, economic development, cost effectivenessAbstract
Latin America recognizes the importance of tax incentives to stimulate economic development and attract investment. Strategies such as income tax exemption, reduced rates and tax credits are applied to encourage investment, especially in remote areas. The region seeks to attract foreign direct investment (FDI) through special regimes with additional benefits. In this regard, the International Monetary Fund highlights FDI as a tool to establish long-term connections and improve economic growth. However, the implementation of tax incentives faces challenges, such as the possible decrease in tax collection and the complexity of tax systems. High tax burden, fiscal instability and evasion are also challenges that can affect the attraction of foreign investors. On this basis, the present research seeks to examine the impact of tax incentives on the region's ability to attract foreign investments.
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