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What is fiscal incentives?

Updated: 8/22/2023
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9y ago

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For the most part so-called "tax incentives" simply remove part or all the burden of the tax from whatever market transaction is taking place. This is because almost all taxes impose what economists call an excess burden or a deadweight loss Deadweight loss is the difference between the amount of economic productivity that would occur absent the tax and that which occurs with the tax imposed. -from wikipedia-

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11y ago
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9y ago

Fiscal incentives are tax measures geared to encourage industrial development. They help assist manufacturing entrepreneurship. Under the Fiscal Act of 1974 three years after the expiration date of production an appraisal must be performed.

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15y ago

Fiscal incentives are no taxes given to new companies for the first 5 years.

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