Published in:IMF Working Paper, Vol. , pp. 1-30, 1990
Extent:
1 Online-Ressource (34 p)
Language:
Not determined
DOI:
10.2139/ssrn.885162
Identifier:
Origination:
Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments December 1990 erstellt
Description:
This paper compares the effective rates of taxation faced by a representative investor located in a major capital-exporting country for investments in machinery and buildings in nine capital-importing European countries. Poland and Hungary are found to have relatively high effective tax rates on equity-financed investment. The analysis suggests that both countries would benefit from streamlining capital cost recovery allowances and possibly lowering statutory corporate tax rates--as permitted by the revenue constraint--rather than providing tax preferences for foreign investors