“…Several LAC countries grant numerous tax incentives or preferential tax treatment to certain assets, firms, sectors, or regions (Andersen, Kett, and von Uexkull, 2017;Celani, Dresser, and Hanappi, 2022;Redonda, von Haldenwang, and Aliu, 2021). While this paper does not explicitly discuss these provisions, empirical evaluations tend to show that their effectiveness in attracting investment is limited (James, 2013;Klemm and Van Parys, 2010).…”