Effectiveness and Economic Impact of Tax Incentives in the SADC ...

Contents (continued)
ILLUSTRATIONS
Figures
Figure 3-1. Tax Incentives and the User Cost of Capital 3-11
Figure 7-1. Standard Company and Dividend Tax Rates, SADC Member Countries, 2003 7-4
Figure 7-1. Illustrative METR with Standard Tax System and with Tax Incentives 7-17
Tables
Table 4-1. International Comparisons of the Marginal Effective Tax Rate, circa 1985 4-6
Table 4-2. Relative Cost-effectiveness of Various Tax Incentives 4-7
Table 4-3. Conceptual Basis for Screening Selective Tax Incentives 4-13
Table 5-1. Evaluation of Major Tax Incentive Instruments 5-14
Table 6-1. Prisoner’s Dilemma and Tax Incentives 6-5
Table 7-1. SADC Fiscal Indicators, Three- year Averages, 1999-2001(as % of GDP) 7-3
Table 7-2. Illustrative Marginal Effective Tax Rate Calculations, SADC Member Countries,
Standard Tax Systems (non-exporters, without special incentives) 7-6
Table 7-3. Investment Tax Incentives in the SADC Region (2003)—Who Does What? 7-8
Table 7-4. Illustrative Marginal Effective Tax Rate Calculations, SADC Member Countries:
Case—Tax Incentives for Projects Manufacturing Goods for Export 7-16
Table 7-5. Elements of Tax Structure Facing Companies in SADC Member Countries 7-23
Table 7-6. Parameters used for METR Calculation in SADC Countries,
Exhibits
with Tax Incentives 7-28
Exhibit 2-1. A Productivity Package 2-4
Exhibit 2-2. Policies Affecting Investment Risk and Return 2-5
Exhibit 3-1. Success Stories in Malaysia, Ireland, Costa Rica, and Mauritius 3-3
Exhibit 3-2. Small Companies, Giant Loopholes 3-9
Exhibit 3-3. Import Duties, Effective Rate of Protection, and Economic Efficiency 3-12
Exhibit 3-4. Impact of Tax Differentials on the Allocation of Capital 3-13
Exhibit 3-5. Elimination of Tax Incentives in Uganda, 1997 3-19
Exhibit 3-6. Elimination of Tax Incentives for Indonesia, 1984 3-20
Exhibit 4-1. How Different Tax Incentives Affect the Marginal Effective Tax Rate 4-5
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