Fiscal incentives used to attract foreign businesses include: I. tax holidays, II. accelerated depreciation, III. import duty relief, IV. lower tax rates on reinvested profits. Which are correct?
Correct answer A. All of I, II, III and IV
Explanation
Governments use tax holidays, faster depreciation allowances, duty-free imports of inputs and reduced tax on reinvested profits to raise after-tax returns for foreign investors.
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