Reforming Business Taxes : What is the Effect on Private Sector Development?

• Tác giả: Miriam Bruhn
• Ngôn ngữ: eng
• Ký hiệu phân loại: 338.61 Private enterprise
• Thông tin xuất bản: World Bank, Washington, DC, 2012
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 305081
• Chủ đề: 1. ACCOUNTING; 2. AFFILIATED ORGANIZATIONS; 3. ANNUAL SALES; 4. BUSINESS ENVIRONMENT; 5. BUSINESS INVESTMENT

Tóm tắt

Tax rates and the administrative costs of tax compliance are key concerns of business. Studies within and across countries suggest that lowering corporate tax rates can increase investment, reduce tax evasion by formal firms, promote the creation of formal firms, and ultimately raise sales and Gross Domestic Product (GDP). These benefits, however, need to be balanced against other objectives of the tax regime. Although less is known about the effects of reducing compliance costs, evidence suggests that this too can lead to more formal firms and higher sales.