01688cas a2200241 a 4500 AALejournalIMF008997 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451843606 1018-5941 BD-DhAAL BD-DhAAL Huizinga, Harry. Witholding Taxes and the Cost of Public Debt / Harry Huizinga. Washington, D.C. : International Monetary Fund, 1994. 1 online resource (22 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 Several industrialized countries impose withholding taxes on public interest accruing to nonresidents. This paper examines the international incidence of such withholding taxes by estimating to what extent these taxes raise the cost of government borrowing. It is found that the pretax interest rate is most sensitive to the tax withheld on Japanese investors. In particular, the gross-up is about half of this tax, which suggests that about half is returned to the investor in the form of foreign tax credits. The extent of the gross-up rises over the 1989-93 period, which indicates that in recent years foreign tax credits have been available to a lesser extent. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1994/018 Full text available on IMF http://elibrary.imf.org/view/journals/001/1994/018/001.1994.issue-018-en.xml IMF e-Library