scholarly journals Tax Incentives Policy, Firm Investment, Firm exports, and Gross Output: Panel Econometric Modelling

2021 ◽  
Vol 8 (1) ◽  
pp. p1
Author(s):  
Cyrus Mutuku ◽  
Joseph Sirengo ◽  
Dr. Mohamed Omar
Keyword(s):  
Tax Incentives ◽  
Second Phase ◽  
Firm Investment ◽  
Tax Incentive ◽  
Incentive Policy ◽  
Tax Expenditure ◽  
Firm Exports ◽  
Investment Firm ◽  
The Impact ◽  
Modelling Approach

A panel econometric model consisting of 118,380 firms, spanning 2014 to 2019 was used to determine the impact of tax incentive policy on firm investment, firm gross output, and exports. A two-stage modelling approach was used, first the decision to invest or export was modelled using a binary logit model. In the second phase, the impact of the tax incentives policy was estimated. The decisions to export and invest are marginally driven by tax incentive policy. A shilling given as tax expenditure increases the probability of investing and exporting by 0.018% and 0.48% respectively. The results from the study imply that export and investment-related tax incentives are either redundant or have a negligible impact on their respective target variables.

scholarly journals IMPLEMENTASI INSENTIF PAJAK UMKM DI ERA COVID-19 DI KECAMATAN GEDANGAN KABUPATEN SIDOARJO

2021 ◽  
Vol 4 (2) ◽  
Author(s):  
Alfi Huurin Iin ◽  
Septrian Jihan Aulia Fistabella ◽  
Adellia Nanda Savira ◽  
Kalvin Edo Wahyudi
Keyword(s):  
Income Tax ◽  
Tax Incentives ◽  
Significant Decline ◽  
Point Of View ◽  
Economic Point ◽  
Tax Incentive ◽  
Incentive Policy ◽  
Ministry Of Finance ◽  
The Government ◽  
The Impact

It is known that the people's economy has experienced a significant decline due to the Covid -19 Pandemic which has spread in various regions in Indonesia. From an economic point of view, we found that there was a decrease in income felt by UMKM actors, one of which was in the Gedangan Sub-District, Sidoarjo District which was caused by the Covid-19 pandemic. So that we are interested in examining how the efforts made by the Government through the Ministry of Finance regarding Final Income Tax Incentives to deal with the decline in income faced by UMKM’s. This study aims to determine how the implementation of the Final PPh Tax Incentive policy for UMKM’s during the current Covid-19 pandemic and to find out how the impact felt by UMKM’s regarding the Final Income Tax incentives issued by the Indonesian Minister of Finance. The method we use in this research is descriptive qualitative with data collection techniques using interviews and observations. The results of this study indicate that the tax incentive policy can not be felt by UMKM actors in Gedangan District, this is due to the lack of socialization provided, resulting in their lack of knowledge about this policy and what conditions they must have to get tax incentives issued by the Ministry of Finance.

scholarly journals Tax incentive policy and firm performance: evidence from Vietnam

2020 ◽  
Vol 17 (2) ◽  
pp. 277-296
Author(s):  
Trinh Quoc Trung ◽  
Nguyen Van Tan
Keyword(s):  
Firm Performance ◽  
Tax Incentives ◽  
Real Income ◽  
Operating Efficiency ◽  
Tax Incentive ◽  
Incentive Policy ◽  
Comparison Approach ◽  
Managerial Implications ◽  
Incentive Policies ◽  
The Impact

This paper aims to assess the impact of the tax incentive policy on firm performance after privatization in Vietnam. Using research data of 260 privatized enterprises in Vietnam, this study sheds light on whether tax incentive policies can help improve firm performance after privatization. The paper utilizes a pre-post comparison approach proposed by Megginson, Nash, and Van Randenborgh (1994). The research results reveal that privatized enterprises with tax incentives have improved profitability (ROA, ROE, ROS) and operating efficiency (NIEFF) and reduced leverage after privatization. A statistical reduction in the number of employed and an improvement in output (real income) after privatization are not observed. Besides, there is no statistical evidence proving that privatized enterprises have experienced significant changes in standard deviations of firm performance measures after privatization in Vietnam. Given significant improvements in the profitability of post-privatized enterprises with tax incentives, the authors propose some managerial implications for the Vietnamese government, investors and non-privatized state-owned enterprises (SOEs).

scholarly journals Reshaping R&D Tax Incentive Policy in Terms of International Tax Competition

2021 ◽  
Vol 23 (4) ◽  
pp. 43-57
Author(s):  
Katsiaryna Marmilava
Keyword(s):  
Research And Development ◽  
Tax Competition ◽  
Tax Incentives ◽  
Tax Incentive ◽  
Incentive Policy ◽  
International Tax Competition ◽  
Private Research ◽  
International Tax ◽  
Decision Making Model ◽  
The Impact

Policies to stimulate research and development are significant in the government’s agenda and affect  businesses growing internationally. The article highlights  the role of tax incentives in the policy mix to promote  private research and development (R&D). It discusses  evolution and recent trends in R&D tax incentive schemes  in European countries. The impact of international tax  competition on their adoption and generosity is  investigated. Moreover, a decision-making model on  implementation and generosity of R&D tax incentives is  introduced.  

scholarly journals The Evidence of the Fiscal Incentive to Increase the HDI: The Case of Maranhão

2018 ◽  
Vol 9 (4) ◽  
pp. 214
Author(s):  
Fernando Silva Lima ◽  
Mariano Yoshitake
Keyword(s):  
Field Research ◽  
Tax Incentives ◽  
The State ◽  
Regional Government ◽  
Economic Activities ◽  
Tax Incentive ◽  
Fiscal Incentives ◽  
Fiscal Incentive ◽  
Quantitative Descriptive ◽  
The Impact

This article is the result of an investigation about tax incentives in the State of Maranhão, where the purpose was to answer the question: what is the efficiency of tax incentives in relation to the impact on the state of employment? The hypothesis behind this research is that the idea of the Maranese government to create fiscal incentives to stimulate the generation of employment and income can not impact the regions with low human development index (HDI). The general objective of this article is to verify the relationship between the fiscal incentive and the balance of jobs between 2010 and 2016 in Maranhão in regions with lower HDI. The specific objectives are: to investigate the policy of granting the fiscal incentive "more companies" in Maranhão; compare the number of jobs generated with the number of companies that benefited from the tax incentive; to verify the evolution of the jobs generated in each mesoregion and to know the economic activities that generate more jobs in the state. This study is justified because it believes in the relevance it can bring to the academic environment and to the society that encompasses government, companies and professionals, since it presents a more comprehensive perspective regarding economic development in the local regional government of Maranhão. It considers the methodology of this study, a field research, but of quantitative-descriptive character. Among the results, it was identified that the fiscal incentive had no impact on job creation in the Meso-regions that have the lowest HDI indices in the state of Maranhão between 2010 and 2016.

scholarly journals Kebijakan Insentif Pajak Kendaraan Bermotor Selama Masa Pandemi Corona Virus Disease 2019

2021 ◽  
Vol 4 (3) ◽  
pp. 931
Author(s):  
Dhimam Zidny Siradj
Keyword(s):  
Motor Vehicle ◽  
Virus Disease ◽  
Human Life ◽  
Tax Incentives ◽  
Provincial Government ◽  
Motor Vehicles ◽  
Tax Incentive ◽  
Incentive Policy ◽  
The Government ◽  
Administrative Sanctions

AbstractAs a result of the covid-19 pandemic, it has an impact on all sectors of human life in the world, which causes changes in human activities that cause various problems, one of which is in the economic field. In response to this, the government issued Regulation of the Minister of Finance Number 86 of 2020 concerning Tax Incentives for Taxpayers affected by the Covid-19 Pandemic. The East Java Provincial Government itself followed up with the issuance of the Governor of East Java Decree No. 188/394/KPT/013/2020 to become the implementing regulations. In this case, the East Java Provincial Government made a policy of exempting administrative sanctions on motorized vehicle taxes, free from transfer of motor vehicle names to deductions on motor vehicles during the Covid-19 pandemic.Keywords: Covid-19 pandemic; Tax Incentive Policy; Economy.AbstrakAkibat dari adanya pandemi covid-19 berdampak pada segala sektor kehidupan manusia di dunia yang menyebabkan perubahan aktivitas manusia yang menimbulkan berbagai masalah salah satunya adalah dalam bidang ekonomi. Untuk merespons hal ini pemerintah mengeluarkan Peraturan Menteri Keuangan Nomor 86 Tahun 2020 tentang Insentif Pajak Bagi Wajib pajak terdampak Pandemi Covid-19. Pemerintah Provinsi Jawa Timur sendiri menindaklanjuti dengan dikeluarkanya Keputusan Gubernur Jawa Timur No. 188/394/KPT/013/2020 guna menjadi aturan pelaksanaanya. Dalam hal ini Pemerintah Provinsi Jawa Timur membuat kebijakan membebaskan Sanksi Administratif pajak kendaraan bermotor, bebas bea balik nama kendaraan bermotor hingga potongan pokok pajak pada kendaraan bermotor dalam masa pandemi covid-19. Kata Kunci: Pandemi Covid-19; Kebijakan Insentif Pajak; Ekonomi.

scholarly journals INSENTIF PAJAK DALAM MERESPONS DAMPAK PANDEMI COVID-19 PADA SEKTOR PARIWISATA

2020 ◽  
Vol 2 (1) ◽  
pp. 124-137
Author(s):  
Nafis Dwi Kartiko
Keyword(s):  
Value Chain ◽  
Value Added ◽  
Tax Incentives ◽  
Easy Access ◽  
Business World ◽  
Social Distancing ◽  
Tax Incentive ◽  
Incentive Policy ◽  
Tourism Sector ◽  
The Government

ABSTRAKThe social distancing and physical distancing policies due to the COVID-19 pandemic have disrupted the value chain of the business world, causing various impacts on the Indonesian economy, resulting in shocks in sectors in the economy. One of the sectors experiencing the worst shocks is the tourism sector. The policy pursued by the government to reduce these shocks is by providing an economic stimulus in the form of tax incentives. The tax incentives provided have not been able to accommodate all the needs of the Tourism Business in facing the COVID-19 pandemic. This encourages the author to find out the needs of the tourism sector in facing the negative impacts of the COVID-19 pandemic, the benefits of tax incentives in the tourism sector, and alternative tax incentive policy solutions to overcome economic problems in the tourism sector due to the COVID-19 pandemic. This research uses qualitative research methods with the type of library research. The results of this study indicate that there are two needs of the tourism sector that have not been responded to in the tax incentive policy by the government, namely support to increase demand and consumption, and easy access to business credit. The author at the end of the study recommends providing value-added tax incentives to increase demand and consumption, and tax incentives for platforms and lenders in fintech lending for easy access to business credit. Kebijakan social distancing dan physical distancing akibat pandemi COVID-19 menimbulkan gangguan pada rantai nilai dunia usaha sehingga menyebabkan berbagai dampak pada perekonomian Indonesia yang berakibat timbulnya goncangan pada sektor-sektor dalam perekonomian.  Salah satu sektor yang mengalami goncangan terparah adalah sektor pariwisata. Kebijakan yang ditempuh oleh pemerintah untuk mengurangi goncangan tersebut adalah dengan cara memberikan stimulus ekomoni berupa insentif pajak. Insentif pajak yang diberikan ternyata belum dapat mengakomodir semua kebutuhan Usaha Pariwisata dalam menghadapi pandemi COVID-19. Hal tersebut mendorong penulis untuk mengetahui kebutuhan sektor pariwisata dalam menghadapi dampak negatif akibat pandemi COVID-19, manfaat insentif pajak pada sektor pariwisata, dan alternatif solusi kebijakan insentif pajak bagaimana yang dapat untuk mengatasi masalah ekonomi pada sektor pariwisata akibat pandemi COVID-19. Penelitian ini menggunakan metode penelitian kualitatif dengan jenis penelitian kepustakaan. Hasil penelitian ini menunjukkan bahwa terdapat dua kebutuhan sektor pariwisata yang belum direspons dalam kebijakan insentif pajak oleh pemerintah, yaitu dukungan untuk menaikkan permintaan dan konsumsi, serta kemudahan akses kredit usaha. Penulis pada akhir penelitian merekomendasikan untuk diberikannya insentif pajak pertambahan nilai untuk menaikkan permintaan dan konsumsi, dan insentif pajak untuk platform dan pemberi pinjaman dalam fintech lending untuk kemudahan akses kredit usaha.

scholarly journals Tax Incentive Policy for Geothermal Development: A Comparative Analysis in ASEAN

2020 ◽  
Vol 9 (1) ◽  
pp. 53-62
Author(s):  
Mohammad Zainul Abidin ◽  
Haula Rosdiana ◽  
Roy Valiant Salomo
Keyword(s):  
Power Plants ◽  
Lao Pdr ◽  
Tax Incentives ◽  
The Philippines ◽  
Investment Climate ◽  
Tax Incentive ◽  
Asean Member ◽  
Incentive Policy ◽  
Binary Cycle ◽  
Incentive Policies

This paper examines tax incentive policies in geothermal industries in ASEAN to better understand the development of geothermal industry investment in the ASEAN Member States (AMS) using a qualitative method. The results indicate that tax incentive policies have supported the investment climate and the development of geothermal industries in the AMS. Geothermal investments and production capacities in AMS have increased significantly. AMS that provide geothermal tax incentives include Indonesia, Lao PDR, the Philippines, Thailand and Vietnam. The performance of geothermal tax incentive policies is reflected in the level of utilization of geothermal potential, which is higher in states that provide greater tax incentives. The results also indicate that geothermal power plants in AMS use dry steam, flash and binary cycle technologies with flash plants being the most common. Results suggest that the future development of geothermal energy in AMS will be related to the tax incentive policy and investment climate in those states. Furthermore, the granting of various types of tax incentives should be focused on the initial investment in geothermal development. ©2020. CBIORE-IJRED. All rights reserved

How Taxpayers Behavior takes Advantage in Tax Incentives Policy

2021 ◽  
Vol 39 (10) ◽  
Author(s):  
Ida Farida Adi Prawira ◽  
Fitri Anggrayni
Keyword(s):  
Value Added ◽  
Tax Incentives ◽  
The West ◽  
West Java ◽  
Regional Office ◽  
Tax Rate ◽  
Tax Incentive ◽  
Incentive Policy ◽  
National Economic ◽  
Incentive Policies

Tax incentives Preliminary Refund of Value Added Tax (VAT) is one of the government's tax relaxation facilities in the context of national economic recovery. This study aims to observe the effect of the incentive for the Preliminary Return of VAT on taxpayer behavior in dealing with this tax incentive policy. This is qualitative research using descriptive approach. The data were collected by in-depth interviews with 38 taxpayers in the West Java I Directorate Jenderal of Taxes (DJP) Regional Office and Banten area, which were then processed using the nVivo application. The result shows that several factors contribute to taxpayers' behavior to propose the Tax Incentives Preliminary Refund of VAT. The factors are taxpayers more require tax incentives policy to reduce the tax rate of VAT, or there will not be an examination. The Implication of this research is how the Directorate Jenderal of Taxes (DJP) can arrange other tax incentive policies that can give more easiness to the taxpayers in the future. This research is limited only to the West Java I DJP Regional Offices and Banten. Also, the number of taxpayers interviewed is only a few due to pandemic, so it does not represent the field's facts.

scholarly journals Tax Incentive Policy Evaluation on Donation for Disaster Charity in Indonesia

2019 ◽  
Vol 35 (2) ◽  
pp. 371-382
Author(s):  
Galuh Ayu Wasilah ◽  
Maria R.U.D. Tambunan
Keyword(s):  
Disaster Management ◽  
Policy Evaluation ◽  
Qualitative Data ◽  
Evaluation Criteria ◽  
Tax Incentives ◽  
Literature Study ◽  
Tax Incentive ◽  
Incentive Policy ◽  
The Government ◽  
Depth Interviews

This research is conducted to evaluate tax incentives for donation activities of disaster management based on policy evaluation criteria by William Dunn which consists of effectiveness, efficiency, adequacy, equity, responsiveness, and accuracy. The research method used is qualitative approach and qualitative data analysis techniques. In qualitative research, the researcher occupied theory as a tool to guide the research by collecting data through interviews and literature study until reaching the conclusion. The data used in this research is qualitative data, gathered through literature review, documentation study, and in-depth interviews with experts (policymakers, policy implementers, academicians, civil society). The result of this study indicates that the tax incentive policy on donations for disaster management has not met William Dunn's policy evaluation criteria. The research shows that quite limited benefit granted and less clear of technical guidance of tax incentives implementation for disaster donations lead the taxpayer which has been undertaking the role as donators to not utilize the incentives. In order to occupy tax incentives to contribute to disaster management effectively, the government needs to socialize the implementation with clear guidance.

Risk Attitude and Corporate Investment under Output Market Uncertainty: Evidence from The Mekong River Delta, Vietnam

2016 ◽  
pp. 59-70
Author(s):  
Ninh Le Khuong ◽  
Nghiem Le Tan ◽  
Tho Huynh Huu
Keyword(s):  
Negative Relationship ◽  
Risk Attitude ◽  
Business Strategies ◽  
Risk Averse ◽  
Market Uncertainty ◽  
Firm Investment ◽  
Output Market ◽  
The Impact ◽  
The Relationship

This paper aims to detect the impact of firm managers’ risk attitude on the relationship between the degree of output market uncertainty and firm investment. The findings show that there is a negative relationship between these two aspects for risk-averse managers while there is a positive relationship for risk-loving ones, since they have different utility functions. Based on the findings, this paper proposes recommendations for firm managers to take into account when making investment decisions and long-term business strategies as well.

Sign in / Sign up

Export Citation Format

Share Document