investment incentives

investment incentives

inducements offered by the government or local authorities to encourage capital INVESTMENT by the PRIVATE SECTOR either generally or in a specific area. Government inducements may take the form of capital grants towards the cost of equipment or tax reliefs on any profits earned (see CAPITAL ALLOWANCES for details). Local authority inducements usually take the form of reductions or exemptions from local taxes and organizing the local infrastructure for the convenience of potential investors. The rationale for such incentives depends primarily upon the government's objectives. It may want to increase ECONOMIC GROWTH and reduce UNEMPLOYMENT, in which case investment through the MULTIPLIER effect will help, or it may want to give certain ASSISTED AREAS additional help in tackling local problems of unemployment or urban renewal. See REGIONAL POLICY, INDUSTRIAL POLICY, BUSINESS EXPANSION SCHEME, ENTERPRISE INVESTMENT SCHEME, ENTERPRISE GRANT SCHEME.
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Jahangir Tareen said Pakistan has offered a big incentive package to foreign investors in order to gear up its economy and attract FDI in a large volume Investment incentives in Pakistan are diverse and highly business friendly.
'Bangladesh is offering most attractive investment incentives to the foreigners in many sectors," he said while briefing the head and chief executives of 15 South Korean business houses in Seoul on Tuesday, said a ministry press release, reports BSS.
The second session discussed how to promote the Omani market, as well as held specialised workshops in several fields, including investment incentives and their impact on increasing tourism flows.
The Chamber of Deputies supported the government's proposal to change the system of investment incentives. It will significantly reduce support for purely manufacturing investments.
Discussions also touched on the developments that the Qatari economy has witnessed in recent years and the investment incentives Qatar is offering across various sectors.
'If they (companies) are operating under investment incentives, that's fine with me.
He cited new investment incentives and Egypt's free trade agreements with several countries.
He said Pakistan offers attractive investment incentives and France may consider exploring more avenues for investment to the mutual benefit of two countries.
The meeting discussed ways of creating networking platforms for Qatari businessmen and their counterparts in Kazakhstan and stressed on the Qatari private sector's keen interest to explore partnership opportunities in Kazakhstan and to identify investment incentives. Shokybayev stressed that the Qatari market "is an important one" for Kazakhstan.
Chua said among the abuses done in line with fiscal incentives by businesses include leakage within export zones; diverting activities to outside the region or zones of regional investment incentives; transfer pricing schemes; and disguising nonqualifying activities into qualifying activities.
An increasing number of host governments also provide various forms of investment incentives to encourage foreign owned companies to invest in their jurisdiction.
The Department of Energy (DOE) is throwing its support to the players of the upstream petroleum sector for their bid on non-scrapping of investment incentives - contrary to what is being propounded by the Department of Finance (DOF) under the Tax Reform for Attracting Better and High-quality Opportunities (TRABAHO) Bill.

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