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

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 o...

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Main Author:	Bruhn, Miriam
Format:	Viewpoint
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ACCOUNTING AFFILIATED ORGANIZATIONS ANNUAL SALES BUSINESS ENVIRONMENT BUSINESS INVESTMENT BUSINESS TAX BUSINESS TAXES CAPITAL INVESTMENT CAPITAL TAXES CONSUMPTION TAXES CORPORATE INCOME TAX CORPORATE TAX CORPORATE TAX RATE CORPORATE TAX RATES CORPORATE TAXES CURRENCY DEDUCTIONS DEREGULATION DEVELOPING COUNTRIES DIVIDEND DIVIDEND TAX DOMESTIC INVESTMENT ECONOMIC PERFORMANCE EFFECTIVE TAX RATES EXPORT EXPORTERS EXPORTS FEDERAL TAX FINANCE CORPORATION FIRM PERFORMANCE FISCAL POLICY FOREIGN DIRECT INVESTMENT GOVERNMENT REVENUE IMPLICIT TAX INCOME TAX RATE INTERNATIONAL DEVELOPMENT INTERNATIONAL FINANCE INVESTMENT CLIMATE INVESTMENT DECISIONS MONETARY FUND PAYROLL TAXES PERSONAL INCOME PERSONAL INCOME TAXES POLITICAL ECONOMY PRIVATE SECTOR DEVELOPMENT PUBLIC FINANCE PUBLIC POLICY PUBLIC POLICY INNOVATIONS REGULATORY BURDEN RETURN RETURN ON INVESTMENTS SALES GROWTH SALES TAX SMALL BUSINESSES STATUTORY TAX STATUTORY TAX RATE STATUTORY TAX RATES TAX TAX ADMINISTRATION TAX BENEFITS TAX CODE TAX COMPLIANCE TAX COMPLIANCE COSTS TAX CONCESSIONS TAX EVASION TAX INCENTIVE TAX INCENTIVES TAX LIABILITY TAX PAYMENT TAX PAYMENTS TAX POLICY TAX RATE TAX RATES TAX REFORM TAX REFORMS TAX REGIME TAX SIMPLIFICATION TAX STRUCTURE TAX SYSTEM TAXATION TAXPAYER TAXPAYER COMPLIANCE TRANSITION COUNTRIES VALUE ADDED TAX WORLD ECONOMY
Online Access:	http://documents.worldbank.org/curated/en/2011/12/16198906/reforming-business-taxes-effect-private-sector-development http://hdl.handle.net/10986/11053

id	okr-10986-11053
recordtype	oai_dc
spelling	okr-10986-110532021-04-23T14:02:53Z Reforming Business Taxes : What is the Effect on Private Sector Development? Bruhn, Miriam ACCOUNTING AFFILIATED ORGANIZATIONS ANNUAL SALES BUSINESS ENVIRONMENT BUSINESS INVESTMENT BUSINESS TAX BUSINESS TAXES CAPITAL INVESTMENT CAPITAL TAXES CONSUMPTION TAXES CORPORATE INCOME TAX CORPORATE TAX CORPORATE TAX RATE CORPORATE TAX RATES CORPORATE TAXES CURRENCY DEDUCTIONS DEREGULATION DEVELOPING COUNTRIES DIVIDEND DIVIDEND TAX DOMESTIC INVESTMENT ECONOMIC PERFORMANCE EFFECTIVE TAX RATES EXPORT EXPORTERS EXPORTS FEDERAL TAX FINANCE CORPORATION FIRM PERFORMANCE FISCAL POLICY FOREIGN DIRECT INVESTMENT GOVERNMENT REVENUE IMPLICIT TAX INCOME TAX RATE INTERNATIONAL DEVELOPMENT INTERNATIONAL FINANCE INVESTMENT CLIMATE INVESTMENT DECISIONS MONETARY FUND PAYROLL TAXES PERSONAL INCOME PERSONAL INCOME TAXES POLITICAL ECONOMY PRIVATE SECTOR DEVELOPMENT PUBLIC FINANCE PUBLIC POLICY PUBLIC POLICY INNOVATIONS REGULATORY BURDEN RETURN RETURN ON INVESTMENTS SALES GROWTH SALES TAX SMALL BUSINESSES STATUTORY TAX STATUTORY TAX RATE STATUTORY TAX RATES TAX TAX ADMINISTRATION TAX BENEFITS TAX CODE TAX COMPLIANCE TAX COMPLIANCE COSTS TAX CONCESSIONS TAX EVASION TAX INCENTIVE TAX INCENTIVES TAX LIABILITY TAX PAYMENT TAX PAYMENTS TAX POLICY TAX RATE TAX RATES TAX REFORM TAX REFORMS TAX REGIME TAX SIMPLIFICATION TAX STRUCTURE TAX SYSTEM TAXATION TAXPAYER TAXPAYER COMPLIANCE TRANSITION COUNTRIES VALUE ADDED TAX WORLD ECONOMY 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. 2012-08-13T14:00:14Z 2012-08-13T14:00:14Z 2011-12 http://documents.worldbank.org/curated/en/2011/12/16198906/reforming-business-taxes-effect-private-sector-development http://hdl.handle.net/10986/11053 English Viewpoint: Public Policy for the Private Sector; Note No. 330 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Viewpoint Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	ACCOUNTING AFFILIATED ORGANIZATIONS ANNUAL SALES BUSINESS ENVIRONMENT BUSINESS INVESTMENT BUSINESS TAX BUSINESS TAXES CAPITAL INVESTMENT CAPITAL TAXES CONSUMPTION TAXES CORPORATE INCOME TAX CORPORATE TAX CORPORATE TAX RATE CORPORATE TAX RATES CORPORATE TAXES CURRENCY DEDUCTIONS DEREGULATION DEVELOPING COUNTRIES DIVIDEND DIVIDEND TAX DOMESTIC INVESTMENT ECONOMIC PERFORMANCE EFFECTIVE TAX RATES EXPORT EXPORTERS EXPORTS FEDERAL TAX FINANCE CORPORATION FIRM PERFORMANCE FISCAL POLICY FOREIGN DIRECT INVESTMENT GOVERNMENT REVENUE IMPLICIT TAX INCOME TAX RATE INTERNATIONAL DEVELOPMENT INTERNATIONAL FINANCE INVESTMENT CLIMATE INVESTMENT DECISIONS MONETARY FUND PAYROLL TAXES PERSONAL INCOME PERSONAL INCOME TAXES POLITICAL ECONOMY PRIVATE SECTOR DEVELOPMENT PUBLIC FINANCE PUBLIC POLICY PUBLIC POLICY INNOVATIONS REGULATORY BURDEN RETURN RETURN ON INVESTMENTS SALES GROWTH SALES TAX SMALL BUSINESSES STATUTORY TAX STATUTORY TAX RATE STATUTORY TAX RATES TAX TAX ADMINISTRATION TAX BENEFITS TAX CODE TAX COMPLIANCE TAX COMPLIANCE COSTS TAX CONCESSIONS TAX EVASION TAX INCENTIVE TAX INCENTIVES TAX LIABILITY TAX PAYMENT TAX PAYMENTS TAX POLICY TAX RATE TAX RATES TAX REFORM TAX REFORMS TAX REGIME TAX SIMPLIFICATION TAX STRUCTURE TAX SYSTEM TAXATION TAXPAYER TAXPAYER COMPLIANCE TRANSITION COUNTRIES VALUE ADDED TAX WORLD ECONOMY
spellingShingle	ACCOUNTING AFFILIATED ORGANIZATIONS ANNUAL SALES BUSINESS ENVIRONMENT BUSINESS INVESTMENT BUSINESS TAX BUSINESS TAXES CAPITAL INVESTMENT CAPITAL TAXES CONSUMPTION TAXES CORPORATE INCOME TAX CORPORATE TAX CORPORATE TAX RATE CORPORATE TAX RATES CORPORATE TAXES CURRENCY DEDUCTIONS DEREGULATION DEVELOPING COUNTRIES DIVIDEND DIVIDEND TAX DOMESTIC INVESTMENT ECONOMIC PERFORMANCE EFFECTIVE TAX RATES EXPORT EXPORTERS EXPORTS FEDERAL TAX FINANCE CORPORATION FIRM PERFORMANCE FISCAL POLICY FOREIGN DIRECT INVESTMENT GOVERNMENT REVENUE IMPLICIT TAX INCOME TAX RATE INTERNATIONAL DEVELOPMENT INTERNATIONAL FINANCE INVESTMENT CLIMATE INVESTMENT DECISIONS MONETARY FUND PAYROLL TAXES PERSONAL INCOME PERSONAL INCOME TAXES POLITICAL ECONOMY PRIVATE SECTOR DEVELOPMENT PUBLIC FINANCE PUBLIC POLICY PUBLIC POLICY INNOVATIONS REGULATORY BURDEN RETURN RETURN ON INVESTMENTS SALES GROWTH SALES TAX SMALL BUSINESSES STATUTORY TAX STATUTORY TAX RATE STATUTORY TAX RATES TAX TAX ADMINISTRATION TAX BENEFITS TAX CODE TAX COMPLIANCE TAX COMPLIANCE COSTS TAX CONCESSIONS TAX EVASION TAX INCENTIVE TAX INCENTIVES TAX LIABILITY TAX PAYMENT TAX PAYMENTS TAX POLICY TAX RATE TAX RATES TAX REFORM TAX REFORMS TAX REGIME TAX SIMPLIFICATION TAX STRUCTURE TAX SYSTEM TAXATION TAXPAYER TAXPAYER COMPLIANCE TRANSITION COUNTRIES VALUE ADDED TAX WORLD ECONOMY Bruhn, Miriam Reforming Business Taxes : What is the Effect on Private Sector Development?
relation	Viewpoint: Public Policy for the Private Sector; Note No. 330
description	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.
format	Publications & Research :: Viewpoint
author	Bruhn, Miriam
author_facet	Bruhn, Miriam
author_sort	Bruhn, Miriam
title	Reforming Business Taxes : What is the Effect on Private Sector Development?
title_short	Reforming Business Taxes : What is the Effect on Private Sector Development?
title_full	Reforming Business Taxes : What is the Effect on Private Sector Development?
title_fullStr	Reforming Business Taxes : What is the Effect on Private Sector Development?
title_full_unstemmed	Reforming Business Taxes : What is the Effect on Private Sector Development?
title_sort	reforming business taxes : what is the effect on private sector development?
publisher	World Bank, Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/2011/12/16198906/reforming-business-taxes-effect-private-sector-development http://hdl.handle.net/10986/11053
_version_	1764415349996912640

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

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