Tax Concessions and Foreign Direct Investmentin the Eastern Caribbean Currency Union.

By: Chai, JingqingContributor(s): Goyal, RishiMaterial type: TextTextSeries: IMF Working PapersPublisher: Washington : International Monetary Fund, 2008Copyright date: ©2008Description: 1 online resource (35 pages)Content type: text Media type: computer Carrier type: online resourceISBN: 9781451915686Subject(s): Eastern Caribbean Currency Union | Investments, Foreign -- Caribbean Area -- Econometric models | Monetary unions -- Caribbean Area -- Econometric models | Tax credits -- Caribbean Area -- Econometric modelsGenre/Form: Electronic books.Additional physical formats: Print version:: Tax Concessions and Foreign Direct Investmentin the Eastern Caribbean Currency UnionDDC classification: 332.673 LOC classification: HG4538 -- .C43 2008ebOnline resources: Click to View
Contents:
Intro -- Contents -- I. Introduction -- II. Tax Concessions in the ECCU -- A. Firm-Level Analysis -- B. Purposes of Concessions -- III. Revenue Costs of Concessions -- A. Exemptions from Import Duties and Taxes -- B. Corporate Income Tax Holidays -- C. Revenue Collection from Removing Concessions: An Elasticies Approach -- IV. Benefits of Incentives: FDI Performance in the ECCU -- V. Policy Alternatives -- VI. Conclusions -- Appendices -- I. Calculating the Change in Revenue from Removing Import-Related Tax Concessions -- II. Constructing Foreign Direct Investment Regime Indices -- Figures -- 1. Regional Comparisons: GDP Growth and Tourism Receipts -- 2. ECCU: Import-Related Taxes and Revenue Forgone from Concessions -- 3. ECCU: Corporate Income Taxes and Revenue Forgone from Concessions -- 4. FDI/GDP and Tax Concessions -- 5. FDI/GDP and FDI Restrictions Index -- 6. FDI/GDP and FDI Incentives Index -- 7. FDI/GDP and Statutory Corporate Income Tax Rate -- 8. FDI/GDP and Statutory Import-Related Tax Rate -- Tables -- 1. Firm Size and Concessions: A Rank Correlation Analysis -- 2. Concessions by Purpose -- 3. ECCU: Customs Revenue Losses from Concessions -- 4. ECCU: Corporate Income Tax Collections -- 5. Revenue Gains from the Removal of Concessions: An Elasticities Approach -- 6. FDI Performance Index -- 7. Data for Cross-Country Regression Analysis: Summary Statistics -- 8. Cross-Country Ordinary Least Square Regressions: Dependent Variable Ln (FDI/GDP) -- 9. Cross-Country Ordinary Least Square Regressions: Dependent Variable Ln (FDI per capita) -- 10. Tax Holidays: An Illustrative Example -- 11. Accelerated Depreciation and Loss Carry Forward: An Illustrative Example -- Appendix Tables -- II.1. Government Policies Toward Foreign Direct Investment -- References.
Summary: Many developing economies are heavily exposed to commodity markets, leaving them vulnerable to the vagaries of international commodity prices. This paper examines the use of commodity options-including plain vanilla, risk reversal, and barrier options-to hedge such risk. It then proposes the use of a new structured product-a sovereign Eurobond with an embedded option on a specific commodity price.
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Intro -- Contents -- I. Introduction -- II. Tax Concessions in the ECCU -- A. Firm-Level Analysis -- B. Purposes of Concessions -- III. Revenue Costs of Concessions -- A. Exemptions from Import Duties and Taxes -- B. Corporate Income Tax Holidays -- C. Revenue Collection from Removing Concessions: An Elasticies Approach -- IV. Benefits of Incentives: FDI Performance in the ECCU -- V. Policy Alternatives -- VI. Conclusions -- Appendices -- I. Calculating the Change in Revenue from Removing Import-Related Tax Concessions -- II. Constructing Foreign Direct Investment Regime Indices -- Figures -- 1. Regional Comparisons: GDP Growth and Tourism Receipts -- 2. ECCU: Import-Related Taxes and Revenue Forgone from Concessions -- 3. ECCU: Corporate Income Taxes and Revenue Forgone from Concessions -- 4. FDI/GDP and Tax Concessions -- 5. FDI/GDP and FDI Restrictions Index -- 6. FDI/GDP and FDI Incentives Index -- 7. FDI/GDP and Statutory Corporate Income Tax Rate -- 8. FDI/GDP and Statutory Import-Related Tax Rate -- Tables -- 1. Firm Size and Concessions: A Rank Correlation Analysis -- 2. Concessions by Purpose -- 3. ECCU: Customs Revenue Losses from Concessions -- 4. ECCU: Corporate Income Tax Collections -- 5. Revenue Gains from the Removal of Concessions: An Elasticities Approach -- 6. FDI Performance Index -- 7. Data for Cross-Country Regression Analysis: Summary Statistics -- 8. Cross-Country Ordinary Least Square Regressions: Dependent Variable Ln (FDI/GDP) -- 9. Cross-Country Ordinary Least Square Regressions: Dependent Variable Ln (FDI per capita) -- 10. Tax Holidays: An Illustrative Example -- 11. Accelerated Depreciation and Loss Carry Forward: An Illustrative Example -- Appendix Tables -- II.1. Government Policies Toward Foreign Direct Investment -- References.

Many developing economies are heavily exposed to commodity markets, leaving them vulnerable to the vagaries of international commodity prices. This paper examines the use of commodity options-including plain vanilla, risk reversal, and barrier options-to hedge such risk. It then proposes the use of a new structured product-a sovereign Eurobond with an embedded option on a specific commodity price.

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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2018. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.

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