مشوق های مالیاتی برای سرمایه گذاری کسب و کار: آغازگر برای پالیسی سازان در کشورهای در حال توسعه

The use of tax incentives is widespread even though the available empirical evidence on the cost-effectiveness of such incentives in stimulating investment is highly inconclusive. This paper is primarily intended as a primer on the use of tax incentives for policy makers, especially those in developing countries. It discusses the objectives, cost-effectiveness, and transparency of implementing tax incentives; assesses the comparative merits of alternative forms of such incentives; and provides a review of the empirical literature. Its main conclusions are that the justification for the use of tax incentives should be limited to the rectification of market failures, and that the preferred form of tax incentives are those that provide for faster recovery of investment costs.