The Comparative Analysis of Different Types of Tax Holidays Under Uncertainty

Vadim Arkin (), Alexander Slastnikov () and Svetlana Arkina ()
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Vadim Arkin: Central Economics and Mathematics Institute
Alexander Slastnikov: Central Economics and Mathematics Institute
Svetlana Arkina: Central Economics and Mathematics Institute

Chapter 56 in Operations Research Proceedings 2008, 2009, pp 345-350 from Springer

Abstract: Summary Tax holidays, that exempt firms (fully or partially) from tax payment for a certain period of time, have been widely used over the world as one of the most effective stimuli for investment attraction (see [1]). Below, we present the model of investment attraction by means of tax holidays (for other mechanisms of investment attraction see, e.g., [2]). Within the framework of this model, we compare two alternative mechanisms of tax holidays: tax holidays of deterministic (fixed) duration and tax holidays based on the payback period of the initial investment.

Keywords: Wiener Process; Payback Period; Regional Budget; Investment Threshold; Investment Rule (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-642-00142-0_56

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DOI: 10.1007/978-3-642-00142-0_56

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