Fiscal incentive: Difference between revisions
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<onlyinclude>'''Fiscal incentives''' are aspects of [[fiscal policy]] that are able to influence and induce the behaviors of people and firms to act in a particular way by offering financial reward for certain activities.</onlyinclude><ref>J.Black, N. Hashimzade, and G. Myles. (2009) "Fiscal Policy." [Online], Available: http://www.oxfordreference.com/view/10.1093/acref/9780199237043.001.0001/acref-9780199237043-e-1214?rskey=Vd7okA&result=1, 2009 [Aug 22, 2016]</ref> Also referred to as [[tax incentive]]s, these incentives come in a variety of forms and usually involved the reduction or periodic freeze of tax payments.<ref name=IPCC_SRREN> Verbruggen, A., W. Moomaw, J. Nyboer, 2011: Annex I: Glossary, Acronyms, Chemical Symbols and Prefixes. In IPCC Special Report on Renewable Energy Sources and Climate Change Mitigation [O. Edenhofer, R. Pichs- Madruga, Y. Sokona, K. Seyboth, P. Matschoss, S. Kadner, T. Zwickel, P. Eickemeier, G. Hansen, S. Schlömer, C. von Stechow (eds)], Cambridge University Press, Cambridge, United Kingdom and New York, NY, USA.</ref> | <onlyinclude>'''Fiscal incentives''' are aspects of [[fiscal policy]] that are able to influence and induce the behaviors of people and firms to act in a particular way by offering financial reward for certain activities.</onlyinclude><ref>J.Black, N. Hashimzade, and G. Myles. (2009) "Fiscal Policy." [Online], Available: http://www.oxfordreference.com/view/10.1093/acref/9780199237043.001.0001/acref-9780199237043-e-1214?rskey=Vd7okA&result=1, 2009 [Aug 22, 2016]</ref> Also referred to as [[tax incentive]]s, these incentives come in a variety of forms and usually involved the reduction or periodic freeze of tax payments.<ref name=IPCC_SRREN> Verbruggen, A., W. Moomaw, J. Nyboer, 2011: Annex I: Glossary, Acronyms, Chemical Symbols and Prefixes. In IPCC Special Report on Renewable Energy Sources and Climate Change Mitigation [O. Edenhofer, R. Pichs- Madruga, Y. Sokona, K. Seyboth, P. Matschoss, S. Kadner, T. Zwickel, P. Eickemeier, G. Hansen, S. Schlömer, C. von Stechow (eds)], Cambridge University Press, Cambridge, United Kingdom and New York, NY, USA.</ref> | ||
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Revision as of 20:04, 10 July 2026
Fiscal incentives are aspects of fiscal policy that are able to influence and induce the behaviors of people and firms to act in a particular way by offering financial reward for certain activities.[1] Also referred to as tax incentives, these incentives come in a variety of forms and usually involved the reduction or periodic freeze of tax payments.[2]
Some forms of fiscal incentives:
Fiscal incentives are a designed to make certain decisions more desirable to people than they would be otherwise.[3] Fiscal incentives can be used for a variety of reasons, if a government wanted to increase the amount of R&D in a particular field it could offer a tax credit to firms that invest more money in R&D. If a government wanted to encourage households to use cleaner forms of electricity, the government could offer a tax credit or tax refund to encourage households to invest in these technologies such as solar panels or more energy efficient HVAC systems.
See Also
References
- ↑ J.Black, N. Hashimzade, and G. Myles. (2009) "Fiscal Policy." [Online], Available: http://www.oxfordreference.com/view/10.1093/acref/9780199237043.001.0001/acref-9780199237043-e-1214?rskey=Vd7okA&result=1, 2009 [Aug 22, 2016]
- ↑ Verbruggen, A., W. Moomaw, J. Nyboer, 2011: Annex I: Glossary, Acronyms, Chemical Symbols and Prefixes. In IPCC Special Report on Renewable Energy Sources and Climate Change Mitigation [O. Edenhofer, R. Pichs- Madruga, Y. Sokona, K. Seyboth, P. Matschoss, S. Kadner, T. Zwickel, P. Eickemeier, G. Hansen, S. Schlömer, C. von Stechow (eds)], Cambridge University Press, Cambridge, United Kingdom and New York, NY, USA.
- ↑ H. Kerr, K. McKenzie and J. Mintz. Tax Policy in Canada. Toronto: Canadian Tax Foundation, 2012, pp.10:26.