Effect of the Tax Incentives Policy on the Investments in the Colombian Mining- Energy Sector: An Exploratory Analysis of its Effectivity
This article aims to carry out an exploratory analysis of the effectivity of the tax incentives policy on the increase of foreign direct investment (FDI) in the miningenergy sector in Colombia. We analyzed two types of incentives which affect the income tax of the mining-energy sector in Colombia:...
| Autor Principal: | Ruiz-Vargas, Mario Antonio; Universitaria Agustiniana. |
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| Otros Autores: | Velandia-Sánchez, Juliana Maritza; empresa R&R Conocimiento e Innovación., Navarro-Morato, Oscar Saúl; Universidad Nacional de Colombia. |
| Formato: | info:eu-repo/semantics/article |
| Idioma: | spa |
| Publicado: |
Editorial Pontificia Universidad Javeriana
2017
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| Materias: | |
| Acceso en línea: |
http://revistas.javeriana.edu.co/index.php/cuacont/article/view/18285 |
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| Sumario: |
This article aims to carry out an exploratory analysis of the effectivity of the tax incentives policy on the increase of foreign direct investment (FDI) in the miningenergy sector in Colombia. We analyzed two types of incentives which affect the income tax of the mining-energy sector in Colombia: deductions due to investment on tangible fixed assets and tax deductions, establishing the effective income tax rate (EITR) as the measure for the tax levels of the sector and comparing its behavior with that of the FDI for the 2000-2011 period. Results showed that, although incentives create a positive effect on the tax burden of companies by reducing the EITR, their effectivity regarding the FDI is not significant, since the international prices of the mining-energy commodities explain the FDI levels in the country. |
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