The high incidence of informality in developing countries acts as a drag on economic development due to the associated efficiency and equity costs and implied weak governance. Policy makers therefore want to reduce informality. This note presents guidance on policy levers to make formality more attractive and informality less attractive from the perspective of small, medium and large firms, and from the perspective of micro-entrepreneurs. It elaborates...
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INFORMATION
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2017/10/01
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120354
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1
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1
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2017/10/11
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Disclosed
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Reducing the costs and enhancing the benefits of formality : from the firm's perspective
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reduction in marginal tax rates