Does Income Tax Competition Remain Relevant In Attracting FDI? The Case of ASEAN Countries
Journal Title: Journal of Economics, Finance and Management Studies - Year 2024, Vol 7, Issue 08
Abstract
This study evaluates the impact of corporate income tax on foreign direct investment (FDI) in 6 Southeast Asian countries from 1999 to 2022, under the context of the preparation for the Global minimum tax application in many countries in and outside the region. Using classical panel data models (Fixed Effects and Random Effects model), the findings show no significant impact of corporate income tax on FDI inflows to ASEAN nations. Observing the effects of other factors on foreign investments, the study discovers the significant role of infrastructure in attracting FDI for the entire sample. Additionally, we find significant positive impacts of trade openness and significant negative impacts of political stability on FDI inflows for the developing nations in the area. Interestingly, we find positive relationships between economic shocks and FDI and the region's quick recovery of foreign investment flows. Based on the results, we provide several valuable academic and policy suggestions.
Authors and Affiliations
Thi Lam Anh Nguyen
Keywords
Related Articles
- EP ID EP742572
- DOI 10.47191/jefms/v7-i8-24
- Views 39
- Downloads 0
Integrating Input/Output Analysis and Green Technological Innovation to Enhance Sustainable Performance in Economic Units
The research aimed to improve the level of sustainable performance in the economic units, especially the industrial ones. This is done by studying and analyzing the theoretical foundations and knowledge foundations for e...
Effect of Leverage and Free Cash Flow on Earnings Management with an Independent Audit Committee as a Moderation
This study aims to examine the Effect of Leverage and Free Cash Flow on Earnings Management with the Independent Audit Committee as a Moderating Variable. The samples used were manufacturing companies in the basic and ch...
A Critical Review of Economic Policy Responses to the Covid-19 Pandemic: The Case of Zambia
The aim of this paper is to systematically review the economic interventions, measures, and policies that Zambia has implemented in the last four (4) years as a response to COVID 19. The methodology used involved drawing...
Competition between Professional Universities and Traditional Universities -A Case for Japan
This paper provides the theoretical results of the competition between MBA schools and universities. 1) It is thought that admission is decided at a professional university, etc., without observing the research results o...
The Survey of Employers' Job Satisfaction in Georgian Companies
The article - "The survey of employers' job satisfaction in Georgian companies" - discusses the results of the research that the authors of the article carried out in Georgian companies. 1509 employees from both private...