外资企业税收优惠的非效率性

A foreign investment is efficient for a nation only if it increases real GNP(not GDP) of this nation.By this criterion this paper analyses separately the investment effect,the tax revenue effect and the resource allocation effect of tax preference for foreign funded enterprises.Tax preference for foreign funded enterprises can increase foreingn investment,and this increase in foreign investment can usually raise real GNP of the nation through raising its tax revenue and income of domestic production factors.But tax preference decreases directly the tax revenue of the nation,distorts its resource alloction through making the demand for production factors by the enterprises with foreign investment and the supply of production factors to the enterprises with foreign investment undue,ineffecient large.Both reduce GNP of the nation.On the whole tax preference for foreign funded enterprises will decrease GNP of the nation.