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Chasing shadows : Tax strategies to tackle the shadow economy

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  • Chasing shadows
  • AWASTHI,RAJUL
  • The World Bank


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Title Chasing shadows
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Sub Title

Tax strategies to tackle the shadow economy

Material Type Web-Links
Author(English)

AWASTHI,RAJUL

Publisher

Washington,D.C : The World Bank

Date 2016-06
Subject Country Americas(Americas)
Asia & Pacific(Asia and Pacific)
Europe(Europe)
Language English
File Type Link
Subject Economy < General
Economy < Financial Policy
Holding The World Bank
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Abstract

Tax administrations in developing countries are increasingly concerned about the persistent problem of loss of tax revenues to the shadow economy, and they often deploy a range of strategies to plug tax leaks and augment revenues. The erosion of the tax base prevents governments from collecting the revenue it needs to provide essential services, such as healthcare, road construction, and education. Nonetheless, it’s a sticky problem: how do you convince business owners to pay taxes? Some possible answers, bolstered by evidence, include: simplify tax payment and provide incentives to formalize businesses. The World Bank’s Governance Global Practice will hold a conference between June 27-29 in St Petersburg, Russia, to bring together participants from almost 25 countries of the Europe and Central Asia region to discuss these issues under the aegis of the Tax Administrators eXchange of Global Innovative Practices, a peer-learning network of tax administrators. The event will be hosted by experts from the Public Sector Performance division of the practice.