Taxation and the Cost of Capital in Hungary and Poland : A Comparison with Selected European Countries

This paper compares the effective rates of taxation faced by a representative investor located in a major capital-exporting country for investments in machinery and buildings in nine capital-importing European countries. Poland and Hungary are found to have relatively high effective tax rates on equity-financed investment. The analysis suggests that both countries would benefit from streamlining capital cost recovery allowances and possibly lowering statutory corporate tax rates-as permitted by the revenue constraint-rather than providing tax preferences for foreign investors.
Publication date: December 1990
ISBN: 9781451938289
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Economics- Macroeconomics , Economics / General , International - Economics , tax wedge , tax system , corporate tax , taxation , tax rates

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