Peru’s Works for Taxes Scheme : An Innovative Solution to Accelerate Private Provision of Infrastructure Investment

Peru’s Works for Taxes Scheme : An Innovative Solution to Accelerate Private Provision of Infrastructure Investment

Created in Peru in 2008, Works for Taxes is an innovative approach to accelerating infrastructureinvestment. It allows private firms to “pay” their income taxes in advance through the execution ofpublic works projects. By accepting infrastructure p...

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Bibliographic Details
Main Author: Del Carpio Ponce, Paola Elvira
Format: Brief
Language:English
Published: International Finance Corporation, Washington, DC 2018
Subjects:
INFRASTRUCTURE FINANCE
INFRASTRUCTURE INVESTMENT
PUBLIC WORKS
TAXATION
PUBLIC-PRIVATE PARTNERSHIPS
EMERGING MARKET ECONOMIES
Online Access:http://documents.worldbank.org/curated/en/163871532527022459/Peru-s-works-for-taxes-scheme-an-innovative-solution-to-accelerate-private-provision-of-infrastructure-investment
http://hdl.handle.net/10986/30381
id okr-10986-30381
recordtype oai_dc
spelling okr-10986-303812021-05-25T10:54:41Z Peru’s Works for Taxes Scheme : An Innovative Solution to Accelerate Private Provision of Infrastructure Investment Del Carpio Ponce, Paola Elvira INFRASTRUCTURE FINANCE INFRASTRUCTURE INVESTMENT PUBLIC WORKS TAXATION PUBLIC-PRIVATE PARTNERSHIPS EMERGING MARKET ECONOMIES Created in Peru in 2008, Works for Taxes is an innovative approach to accelerating infrastructureinvestment. It allows private firms to “pay” their income taxes in advance through the execution ofpublic works projects. By accepting infrastructure projects in lieu of future taxes, national, regional, and local governments can forego mobilization of public funds and reduce the burden on government budgets, as the private sector assumes the upfront costs and management of new infrastructure projects. The mechanism’s success derives from its ability to align public and private sector incentives for better quality projects and more efficient use of funds. Works for Taxes has great potential for replication in other emerging market countries with similar obstacles to infrastructure investment. 2018-09-06T21:08:56Z 2018-09-06T21:08:56Z 2018-06 Brief http://documents.worldbank.org/curated/en/163871532527022459/Peru-s-works-for-taxes-scheme-an-innovative-solution-to-accelerate-private-provision-of-infrastructure-investment http://hdl.handle.net/10986/30381 English EMCompass,no. 55; CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo International Finance Corporation International Finance Corporation, Washington, DC Publications & Research Publications & Research :: Brief Latin America & Caribbean Peru
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic INFRASTRUCTURE FINANCE
INFRASTRUCTURE INVESTMENT
PUBLIC WORKS
TAXATION
PUBLIC-PRIVATE PARTNERSHIPS
EMERGING MARKET ECONOMIES
spellingShingle INFRASTRUCTURE FINANCE
INFRASTRUCTURE INVESTMENT
PUBLIC WORKS
TAXATION
PUBLIC-PRIVATE PARTNERSHIPS
EMERGING MARKET ECONOMIES
Del Carpio Ponce, Paola Elvira
Peru’s Works for Taxes Scheme : An Innovative Solution to Accelerate Private Provision of Infrastructure Investment
geographic_facet Latin America & Caribbean
Peru
relation EMCompass,no. 55;
description Created in Peru in 2008, Works for Taxes is an innovative approach to accelerating infrastructureinvestment. It allows private firms to “pay” their income taxes in advance through the execution ofpublic works projects. By accepting infrastructure projects in lieu of future taxes, national, regional, and local governments can forego mobilization of public funds and reduce the burden on government budgets, as the private sector assumes the upfront costs and management of new infrastructure projects. The mechanism’s success derives from its ability to align public and private sector incentives for better quality projects and more efficient use of funds. Works for Taxes has great potential for replication in other emerging market countries with similar obstacles to infrastructure investment.
format Brief
author Del Carpio Ponce, Paola Elvira
author_facet Del Carpio Ponce, Paola Elvira
author_sort Del Carpio Ponce, Paola Elvira
title Peru’s Works for Taxes Scheme : An Innovative Solution to Accelerate Private Provision of Infrastructure Investment
title_short Peru’s Works for Taxes Scheme : An Innovative Solution to Accelerate Private Provision of Infrastructure Investment
title_full Peru’s Works for Taxes Scheme : An Innovative Solution to Accelerate Private Provision of Infrastructure Investment
title_fullStr Peru’s Works for Taxes Scheme : An Innovative Solution to Accelerate Private Provision of Infrastructure Investment
title_full_unstemmed Peru’s Works for Taxes Scheme : An Innovative Solution to Accelerate Private Provision of Infrastructure Investment
title_sort peru’s works for taxes scheme : an innovative solution to accelerate private provision of infrastructure investment
publisher International Finance Corporation, Washington, DC
publishDate 2018
url http://documents.worldbank.org/curated/en/163871532527022459/Peru-s-works-for-taxes-scheme-an-innovative-solution-to-accelerate-private-provision-of-infrastructure-investment
http://hdl.handle.net/10986/30381
_version_ 1764471840128892928

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