Fiscal Incentives for Investment and Innovation

Fiscal Incentives for Investment and Innovation
Author: Anwar Shah
Publisher: Oxford University Press, USA
Total Pages: 0
Release: 2004
Genre: Business & Economics
ISBN: 9780821359020

All countries, irrespective of their stage of development, offer tax and other incentives in order to stimulate investment in industrial and technological development. However, institutional aspects can hinder realisation of this potential, particularly in developing countries. This publication examines the effect of fiscal incentives on business activity and government revenues in developing countries, and compares their beneficial effects on investment with the resulting losses in tax revenues. The conclusion drawn is that a stable and credible tax regime, with tax rates roughly comparable to those of capital-exporting countries, is a prerequisite for effective investment incentives. Overall, a stable regime of low corporate taxes offers greater promise for investment promotion than a high-tax, high-incentive but unstable tax system.

Rethinking Investment Incentives

Rethinking Investment Incentives
Author: Ana Teresa Tavares-Lehmann
Publisher: Columbia University Press
Total Pages: 369
Release: 2016-07-12
Genre: Business & Economics
ISBN: 0231541643

Governments often use direct subsidies or tax credits to encourage investment and promote economic growth and other development objectives. Properly designed and implemented, these incentives can advance a wide range of policy objectives (increasing employment, promoting sustainability, and reducing inequality). Yet since design and implementation are complicated, incentives have been associated with rent-seeking and wasteful public spending. This collection illustrates the different types and uses of these initiatives worldwide and examines the institutional steps that extend their value. By combining economic analysis with development impacts, regulatory issues, and policy options, these essays show not only how to increase the mobility of capital so that cities, states, nations, and regions can better attract, direct, and retain investments but also how to craft policy and compromise to ensure incentives endure.

Government Incentives for Innovation and Entrepreneurship

Government Incentives for Innovation and Entrepreneurship
Author: Mahmoud M. Abdellatif
Publisher: Springer Nature
Total Pages: 283
Release: 2022-11-30
Genre: Business & Economics
ISBN: 3031101197

This book examines the role of government fiscal and non-fiscal incentives in spurring innovation and entrepreneurship in developed and developing economies. It explores and examines the role of government programs in different stages of firm growth pre-startup, startup, and scale-up. By developing a theoretical framework and reviewing international evidence, the book identifies the best combination of government incentives to stimulate innovation and entrepreneurship, and provides concrete policy recommendations for decision-makers. Some of the issues tackled in this book include national innovation policy, innovation support programs, effectiveness of the support, challenges associated with the programs, risk-sharing and partnerships for innovation. This book is of interest to academics, students, practitioners, policymakers, governmental and non-governmental organizations as well as other stakeholders who wants to be informed about the challenges, progress and current trend in stimulating innovation and entrepreneurship.

Public incentives in support of R+D and innovation in the Federal State of Espirito Santo, Brazil

Public incentives in support of R+D and innovation in the Federal State of Espirito Santo, Brazil
Author: Daniel Streit
Publisher: diplom.de
Total Pages: 109
Release: 2004-02-24
Genre: Business & Economics
ISBN: 3832477438

Inhaltsangabe:Problemstellung: Die in englischer Sprache verfasste Arbeit gliedert sich in zwei große Abschnitte einen Theoretischen und einen Praktischen. Im theoretischen Teil werden zunächst die Begriffe Forschung & Entwicklung und Innovation definiert sowie die Eigenschaften eines Nationale Innovationssystems beschrieben. Weiter wird die Frage diskutiert, ob Innovationen beziehungsweise F&E staatliche Unterstützung brauchen, oder ob es angebrachter ist, vorhandene Marktmechanismen die Menge an F&E bestimmen zu lassen. Ein sehr großes Kapitel der Arbeit ist infolge der Beschreibung der einzelnen Instrumente der Innovationspolitik bzw. Innovationsökonomie gewidmet. Hierbei werden nicht nur die zwölf am häufigsten verwendeten staatlichen Maßnahmen zur Förderung von Innovationen und F&E auf ihre Stärken und Schwächen hin untersucht, sondern es wird auch erläutert welche Instrumente in welcher Art und Weise in der Lage sind, die Innovationstätigkeit in einem Land zu erhöhen. Der praktische Teil der Arbeit befasst sich zunächst mit der wirtschaftlichen Situation des Bundesstaates Espirito Santo und dessen Innovationssystem. Im Anschluss daran erfolgt eine Bestandsaufnahme der in Espirito Santo aktuell verwendeten innovationspolitischen Maßnahmen zur Förderung von Innovationen und F&E. Hierbei wurden Daten verwendet, die bei zahlreichen Interviews mit den zuständigen Stellen vor Ort gesammelt wurden. Darauf aufbauend (und mit Hilfe der Erkenntnisse aus dem theoretischen Teil der Arbeit) werden die innovationspolitischen Maßnahmen des Bundesstaates Espirito Santo evaluiert und vereinzelte Verbesserungsmöglichkeiten in der Innovationspolitik des Bundesstaates aufgezeigt. Ein zweiseitiges summary fasst die wichtigsten Ergebnisse am Ende der Arbeit noch einmal zusammen. Inhaltsverzeichnis:Table of Contents: LIST OF FIGURESIII LIST OF TABLESIV 1.INTRODUCTION1 2.EXPLANATION OF BASIC TERMS AND THEORIES2 2.1R&D AND INNOVATION2 2.2INNOVATION, TECHNOLOGY AND SCIENCE POLICY5 2.3NATIONAL INNOVATION SYSTEMS7 3.SHOULD THE GOVERNMENT SUPPORT R&D AND INNOVATIONS?8 3.1THE ARGUMENTS FOR PUBLIC SUPPORT8 3.1.1Externalities9 3.1.2Public goods10 3.1.3Market structure11 3.1.4Imperfect information11 3.2THE ARGUMENTS AGAINST PUBLIC SUPPORT13 4.THE INNOVATION POLICY TOOLS14 4.1FINANCIAL MEASURES17 4.1.1Public funding17 4.1.2Venture capital21 4.1.3Tax incentives23 4.2NON-FINANCIAL MEASURES25 4.2.1Public procurement25 4.2.2Human resource [...]

Incentivising Angels

Incentivising Angels
Author: Stephen Barkoczy
Publisher: Springer
Total Pages: 120
Release: 2019-04-24
Genre: Law
ISBN: 9811366322

This book examines tax incentives for investors in start-up companies through a critical analysis of Australia’s early-stage investors (ESI) program, and a comparison of that program with the United Kingdom’s Seed Enterprise Investment Scheme (SEIS) upon which it is loosely modelled. It discusses the importance of innovation and the special role that venture capital plays in supporting start-ups, and explains the policy rationale for introducing the ESI program as well as dissecting its technical requirements in detail. Special attention is devoted to the program’s ‘early stage’ and ‘innovation’ requirements, which are crucial for determining whether a start-up qualifies for the tax incentives. The book is the first in-depth scholarly legal analysis of the ESI program and the first occasion it has been compared and contrasted with a foreign program. The comparative discussion of the ESI program with the SEIS program enables the authors to make suggestions for reforms to the ESI program so that it can better achieve its policy objectives. The fact that the book includes reform suggestions makes it particularly interesting for policy makers. It is also of broad relevance to legal and finance scholars and students as well as entrepreneurs, angels, venture capitalists and their advisors.

The Right Kind of Help? Tax Incentives for Staying Small

The Right Kind of Help? Tax Incentives for Staying Small
Author: Ms.Dora Benedek
Publisher: International Monetary Fund
Total Pages: 32
Release: 2017-06-13
Genre: Business & Economics
ISBN: 1484302559

Some countries support smaller firms through tax incentives in an effort to stimulate job creation and startups, or alleviate specific distortions, such as financial constraints or high regulatory or tax compliance costs. In addition to fiscal costs, tax incentives that discriminate by firm size without specifically targeting R&D investment can create disincentives for firms to invest and grow, negatively affecting firm productivity and growth. This paper analyzes the relationship between size-related corporate income tax incentives and firm productivity and growth, controlling for other policy and firm-level factors, including product market regulation, financial constraints and innovation. Using firm level data from four European economies over 2001–13, we find evidence that size-related tax incentives that do not specifically target R&D investment can weigh on firm productivity and growth. These results suggest that when designing size-based tax incentives, it is important to address their potential disincentive effects, including by making them temporary and targeting young and innovative firms, and R&D investment explicitly.

Innovation and Public Policy

Innovation and Public Policy
Author: Austan Goolsbee
Publisher: University of Chicago Press
Total Pages: 259
Release: 2022-03-25
Genre: Business & Economics
ISBN: 022680545X

A calculation of the social returns to innovation /Benjamin F. Jones and Lawrence H. Summers --Innovation and human capital policy /John Van Reenen --Immigration policy levers for US innovation and start-ups /Sari Pekkala Kerr and William R. Kerr --Scientific grant funding /Pierre Azoulay and Danielle Li --Tax policy for innovation /Bronwyn H. Hall --Taxation and innovation: what do we know? /Ufuk Akcigit and Stefanie Stantcheva --Government incentives for entrepreneurship /Josh Lerner.