02117cas a2200265 a 4500 AALejournalIMF005292 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451870657 1018-5941 BD-DhAAL BD-DhAAL Klemm, Alexander. Investment Incentives and Effective Tax Rates in the Philippines : A Comparison With Neighboring Countries / Alexander Klemm, Dennis Botman, Reza Baqir. Washington, D.C. : International Monetary Fund, 2008. 1 online resource (34 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students We compare the general tax provisions and investment incentives in the Philippines to six other east-Asian economies-Malaysia, Indonesia, Lao, Vietnam, Cambodia, and Thailand. We calculate effective tax rates and find that general effective tax rates are relatively high in the Philippines, while investment incentives are comparable to those in neighboring countries. Tax holidays are most attractive for very profitable firms, creating redundancy, and for investment in short-lived assets. We also consider recently-proposed tax reforms that would replace tax holidays by a reduced corporate income tax rate or a low tax on gross receipts. The results suggest that this would result in stronger incentives to invest, while government revenue increases. Alternatively, replacing holidays with a general reduction in the corporate tax rate and offering accelerated depreciation will either not provide the same incentives or be very costly. Mode of access: Internet Baqir, Reza. Botman, Dennis. IMF Working Papers; Working Paper ; No. 2008/207 Full text available on IMF http://elibrary.imf.org/view/journals/001/2008/207/001.2008.issue-207-en.xml IMF e-Library