OECD Sees Uptick in Use of Tax Incentives to Spur Investment

Developing and emerging economies have employed corporate tax incentives to increase investment in their economy in the past two years, a new OECD report showed.

The Organization for Economic Cooperation and Development released its Tax Incentives Database Update on Wednesday, which tracks 70 countries’ use, design, and granting of company tax incentives.

The report showed that between 2022 and 2024, jurisidictions’ use of corporate tax incentives to incentivize investment increased in the 52 economies included in both the new report and the 2022 edition. More than a third of tax incentives were aimed at reaching sustainable development goals ...