Publication:
Helping Firms Realize the Benefits of (Partial) Formalization

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dc.contributor.authorCampos, Francisco
dc.contributor.authorGoldstein, Markus
dc.contributor.authorMcKenzie, David
dc.date.accessioned2018-10-23T18:09:29Z
dc.date.available2018-10-23T18:09:29Z
dc.date.issued2018-10
dc.description.abstractDeveloping country governments seek to reduce pervasive informality of firms for multiple reasons: increasing the tax base, helping firms access formal markets and grow, increasing rule of law, and as a means of obtaining data that can be used for other government functions. The most common approach towards achieving these aims has been to make it easier for firms to formalize, most notably by setting up one-stop shops where firms can register as a legal entity and for tax purposes all at once. But past experiments have showed very few informal firms choose to formalize even after such reforms, and that many of those who do fail to see any benefits on financial access or firm growth. An alternative approach, used in much of Africa, is to separate the process of business registration from tax registration. Getting firms to register legally may help governments reduce informality and achieve some of the aims above, even if it does not raise more taxes. But the question is then whether firms are interested in even this more limited form of formalization, and whether they see any benefits from using it.en
dc.identifierhttp://documents.worldbank.org/curated/en/511561539287441679/Helping-Firms-Realize-the-Benefits-of-Partial-Formalization
dc.identifier.doi10.1596/30590
dc.identifier.urihttps://hdl.handle.net/10986/30590
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesFinance & PSD Impact;No. 52
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectINFORMALITY
dc.subjectTAX REGISTRATION
dc.subjectACCESS TO FINANCE
dc.subjectBUSINESS ENVIRONMENT
dc.subjectBUSINESS REGISTRATION
dc.titleHelping Firms Realize the Benefits of (Partial) Formalizationen
dc.typeBriefen
dc.typeFichefr
dc.typeResumenes
dspace.entity.typePublication
okr.crossref.titleHelping Firms Realize the Benefits of (Partial) Formalization
okr.date.disclosure2018-10-11
okr.doctypePublications & Research
okr.doctypePublications & Research::Brief
okr.docurlhttp://documents.worldbank.org/curated/en/511561539287441679/Helping-Firms-Realize-the-Benefits-of-Partial-Formalization
okr.guid511561539287441679
okr.identifier.doi10.1596/30590
okr.identifier.externaldocumentum090224b086430990_1_0
okr.identifier.internaldocumentum30491659
okr.identifier.report130756
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/511561539287441679/pdf/130756-Newsletter-IN.pdfen
okr.region.administrativeAfrica
okr.region.countryMalawi
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicPrivate Sector Development::Enterprise Development & Reform
okr.topicPrivate Sector Development::Legal Regulation and Business Environment
okr.topicPrivate Sector Development::Small and Medium Size Enterprises
okr.topicPublic Sector Development::Tax Administration
okr.unitDECRG-FP
relation.isAuthorOfPublication442e6ddc-d567-5db8-8fea-62f71781ad6a
relation.isAuthorOfPublication148d6d6d-76e5-5d6f-9af9-98313e30551f
relation.isAuthorOfPublication.latestForDiscovery442e6ddc-d567-5db8-8fea-62f71781ad6a
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