Volume 29, Number 2

Fiscal Incentives Revisited

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PJD 2002 Vol. XXIX No. 2-a
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Abstract

This short paper attempts to clarify some of the issues and provide suggestions for reforms in the fiscal incentive system. In particular, it focuses on the Investment Incentive System embodied in the Omnibus Investment Code. The paper attempts to provide some estimate of revenues forgone, specifically from income tax holiday under different assumptions. It urges that the government should be aware of these costs, be very choosy in granting incentives, and should make sure that social benefits from preferred activities compensate for the costs. Toward this end, the paper proposes a two-tiered approach for reforms--generic and special incentives.

Citations

  1. Revilla, Ma. Laarni D. 2016. Cross-country econometric study on the impact of fiscal incentives on Foreign Direct Investment. Discussion Papers DP 2016-17. Philippine Institute for Development Studies.
  2. Revilla, Ma. Laarni D. 2016. Cross-country econometric study on the impact of fiscal incentives on FDI. Working Papers id:11472. eSocialSciences.
Full Issue
 
2002-10-01
Volume 29, Number 2
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June 1, 2002
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The Philippine Journal of Development (PJD) is a multidisciplinary, peer-reviewed journal published biannually by the Philippine Institute for Development Studies (PIDS). It serves as a platform for disseminating policy-oriented research on development issues, including the economy, business, public administration, foreign relations, sociology, and political dynamics. 

P-ISSN 2508-0954 • E-ISSN 2508-0849 • https://doi.org/10.62986/pjd