01583 a2200157 4500 26111 26111 9781108408530 338.922 JEN-I Jensen Nathan M. Malesky J. Edmund Incentives to Pander : how politicians use corporate welfare for political gain Cambridge University Press 2019 Cambridge Include Reference and Index policies targeting individual companies for economic development incentives, such as tax holidays and abatements, are generally seen as inefficient, economically costly, and distortionary. Despite this evidence, politicians still choose to use these policies to claim credit for attracting investment. Thus, while fiscal incentives are economically inefficient, they pose an effective pandering strategy for politicians. Using original surveys of voters in the United States, Canada and the United Kingdom, as well as data on incentive use by politicians in the US, Vietnam and Russia, this book provides compelling evidence for the use of fiscal incentives for political gain and shows how such pandering appears to be associated with growing economic inequality. As national and subnational governments surrender valuable tax revenue to attract businesses in the vain hope of long-term economic growth, they are left with fiscal shortfalls that have been filled through regressive sales taxes, police fines and penalties, and cuts to public education. Production Government policy Tax incentives Tax credits Corporations United State ddc BK 0 0 0 0 NASSDOC NASSDOC 2020-06-29 OP 1584.92 2020-06-11 0 338.922 JEN-I 50881 2020-07-13 00:00:00 2171.13 2020-06-11 BK