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Investment incentives, marginal effective tax rates and the cost of capital in Egypt
المؤلفون المشاركون
Khayr al-Din, Hana
Fawzi, Samiyah
Rifat, Amal
المصدر
Economic Research Forum : Working Paper Series
العدد
المجلد 2000، العدد 200040 (31 ديسمبر/كانون الأول 2000)20ص.
الناشر
منتدى البحوث الاقتصادية للدول العربية إيران و تركيا
تاريخ النشر
2000-12-31
دولة النشر
مصر
عدد الصفحات
20
التخصصات الرئيسية
الموضوعات
الملخص EN
Although taxation is not the most important determinant of investment, it has a major impact on its competitiveness and its net profitability through its affects on the cost of capital and on the expected net profitability from a given investment.
This paper attempts to assess the overall tax burden on capital by analyzing the impact of different aspects of the Egyptian tax system (corporate and non-corporate) on the cost of capital and hence on investment efficiency.
The effects of the statutory tax rates, related tax incentives and tax administration are also considered along with various activity-specific and economy-wide factors that interact with taxes.
A computerized model developed by Dunn and Pellechio (1990) is used to calculate Marginal Effective Tax Rates (METRs) on capital.
The study shows that METRs in Egypt are relatively high as compared to statutory income tax rates and to the level of METRs in some MENA countries.
Tax rates are further non-uniform, with the actual tax burden on firms varying according to legal form, economic activity, market orientation (domestic versus export), means of financing, types of assets and location.
Therefore, if Egypt is to simultaneously promote investment and growth, it cannot avoid a reform of its tax system with respect to the treatment of capital.
The reform will have to involve the reduction of tax rates, the unification of tax treatment of various investments, rationalization and targeting of tax incentives, and reforming tax administration.
نمط استشهاد جمعية علماء النفس الأمريكية (APA)
Khayr al-Din, Hana& Fawzi, Samiyah& Rifat, Amal. 2000. Investment incentives, marginal effective tax rates and the cost of capital in Egypt. Economic Research Forum : Working Paper Series،Vol. 2000, no. 200040.
https://search.emarefa.net/detail/BIM-153460
نمط استشهاد الجمعية الأمريكية للغات الحديثة (MLA)
Khayr al-Din, Hana…[et al.]. Investment incentives, marginal effective tax rates and the cost of capital in Egypt. Economic Research Forum : Working Paper Series No. 200040 (2000).
https://search.emarefa.net/detail/BIM-153460
نمط استشهاد الجمعية الطبية الأمريكية (AMA)
Khayr al-Din, Hana& Fawzi, Samiyah& Rifat, Amal. Investment incentives, marginal effective tax rates and the cost of capital in Egypt. Economic Research Forum : Working Paper Series. 2000. Vol. 2000, no. 200040.
https://search.emarefa.net/detail/BIM-153460
نوع البيانات
مقالات
لغة النص
الإنجليزية
الملاحظات
Includes Appendix.
رقم السجل
BIM-153460
قاعدة معامل التأثير والاستشهادات المرجعية العربي "ارسيف Arcif"
أضخم قاعدة بيانات عربية للاستشهادات المرجعية للمجلات العلمية المحكمة الصادرة في العالم العربي
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