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Fiscal Incentives Revisited

Author

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  • Medalla, Erlinda M.

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.

Suggested Citation

  • Medalla, Erlinda M., 2002. "Fiscal Incentives Revisited," Philippine Journal of Development PJD 2002 Vol. XXIX No. 2-, Philippine Institute for Development Studies.
    • Handle: RePEc:phd:pjdevt:pjd_2002_vol__xxix_no__2-a
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    File URL: https://www.pids.gov.ph/publication/philippine-journal-of-development/fiscal-incentives-revisited
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    Cited by:

    1. Manasan, Rosario G., 2003. "Analysis of the President's Budget for 2004: Looking for the Complete (Fiscal) Picture," Discussion Papers DP 2003-17, Philippine Institute for Development Studies.
    2. Ma. Laarni D. Revilla, 2016. "Cross-country Econometric Study on the Impact of Fiscal Incentives on FDI," Working Papers id:11472, eSocialSciences.
    3. Manasan, Rosario G., 2002. "Analysis of the President's Budget for 2003," Discussion Papers DP 2002-24, Philippine Institute for Development Studies.
    4. 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.
    5. Revilla, Ma. Laarni D., 2016. "Cross-Country Econometric Study on the Impact of Fiscal Incentives on Foreign Direct Investment," Research Paper Series DP 2016-17, Philippine Institute for Development Studies.

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