Asian Tigers. Comparison of their tax systems’ attractiveness for foreign direct investments

      Аннотация: Hong Kong, Taiwan, Singapore and South Korea, commonly known as Asian Tigers, are the perfect examples of the economic miracles. Beginning in 1960s, they have undergone a rapid industrialization process and nowadays are among the most developed regions worldwide. Undeniably, much of their success can be attributed to the increased inflows of foreign direct investments (FDIs). Foreign capital is predominantly attracted by the business friendly environment. Not surprisingly, one of the crucial components creating such business oriented environment is the taxation system. Thus, this work investigates the attractiveness of each Asian Tiger’s tax system for the foreign investors. Several components of a fiscal system, that are considered as the most important in the eyes of the potential foreign investors, have been singled out, thoroughly analyzed and compared between the regions. This work summarizes the strong and weak points of each Asian Tiger and explains the advantages of some regions over the others.

Ключевые слова: foreign direct investment, Investments, Tax, Asian Tigers, tax system