These types of incentives act as hidden temporary surpluses because the older generations hold a disproportionate share of the claims to the existing capital stock. Thus, investment incentives redistribute resources from the older to the younger generations, thereby reducing aggregate consumption and ...
Highlighting the financial implications of the fiscal incentives, Lyonpo said that the government had forgone Nu 6.5 billion (B) in taxes. In return, the government received a total of Nu 5.3B as taxes from the business establishments that availed fiscal incentives under the FI Act 2017. The ...