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Are Tax Breaks the Best Strategy to Make Guatemalan Economy Competitive?

LADB Article ID: 78746
Category/Department: Region
Date: 2012-09-13
By: Louisa Reynolds

Guatemala and other countries in the region—such as El Salvador, Nicaragua, Haiti and Honduras—are wrestling with the question of how to promote and retain foreign investment. The problem is that many foreign investors take actions that force these countries to compete with each other. The notion that foreign capital will flee the country if it does not offer better investment conditions than its neighbors—such as low wages and generous tax breaks—appears to be a common fear among Central American business leaders and politicians.

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