To what extent can tax incentives be challenged under the WTO’s Subsidy Agreement?
This article focuses on government subsidies which distort the competition in the market due to discriminatory treatment of certain private economic actors. The WTO Agreement, like the GATT, regulates these government practices under the title ‘Subsidy’. Although ‘tax incentives’ are adequate instru...
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| Dokumentumtípus: | Könyv része |
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Department of Private International Law, Faculty of Law, University of Szeged
Szeged
2022
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| Sorozat: | Challenges of international trade and investment in the 21st century
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| Kulcsszavak: | Adózás |
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| Online Access: | http://acta.bibl.u-szeged.hu/77594 |
| Tartalmi kivonat: | This article focuses on government subsidies which distort the competition in the market due to discriminatory treatment of certain private economic actors. The WTO Agreement, like the GATT, regulates these government practices under the title ‘Subsidy’. Although ‘tax incentives’ are adequate instruments to attract foreign investments, create job opportunities, and spread new projects in specific geographical areas, favorable tax treatment is one of the measures through which the subsidy can materialize. Therefore, the goal of this paper is to scrutinize the question when is tax incentive considered a subsidy from the WTO perspective? In short, every tax incentive is deemed a subsidy, but not every subsidy is prohibited under the WTO law. In order to challenge the tax incentive before the WTO Dispute Settlement Body some strict requirements must be met. |
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| Terjedelem/Fizikai jellemzők: | 107-134 |
| ISBN: | 978-963-306-898-4 |