Title: Crafting tax incentives for economic development: insights and recommendation

Authors: Ifeanyichukwu Azuka Aniyie

Addresses: Faculty of Business, University of New Brunswick, Philip W Oland Hall, 100 Tucker Park Rd., Saint John, NB, E2K 4L5, Canada

Abstract: This paper utilised of a mix of systematic textual analysis to gain understanding, develop knowledge regarding the nature and corollaries of tax incentives. Its main finding is that despite the duality that is tax incentives and the existence of advisories against their utilisation as policy instrument by states, they have become prominent tools for public policy design and implementation as well as feature during micro or firm level decision making. Based on this, the paper argues that with the use of strategically crafted tax policies that balance the contrasting side of tax incentives, economic development can be fostered by their existence. To this end, it offers insights and practical recommendations for the utilisation of tax incentives by states.

Keywords: revenue; tax incentives; fiscal policy design; tax optimisation.

DOI: 10.1504/IJPLAP.2025.149438

International Journal of Public Law and Policy, 2025 Vol.11 No.4, pp.391 - 405

Received: 09 Jan 2024
Accepted: 11 Feb 2024
Published online: 31 Oct 2025 *

Full-text access for editors Full-text access for subscribers Purchase this article Comment on this article