Toward a More Business Friendly Tax Regime

Reva, Anna

doi:10.1596/1813-9450-7513

Working Paper

Toward a More Business Friendly Tax Regime : Key Challenges in South Asia

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collection.link.5	https://openknowledge.worldbank.org/handle/10986/9
collection.name.5	Policy Research Working Papers
dc.contributor.author	Reva, Anna
dc.date.accessioned	2015-12-22T17:00:39Z
dc.date.available	2015-12-22T17:00:39Z
dc.date.issued	2015-12
dc.date.lastModified	2021-04-23T14:04:15Z
dc.description.abstract	This paper discusses competitiveness-related issues surrounding the design and administration of corporate and value added/sales taxes in four South Asian countries -- Bangladesh, India, Pakistan, and Sri Lanka. The paper is based largely on analysis of tax legislation; in addition, data from the World Banks enterprise surveys, the Doing Business report, as well as industry studies are used for evidence on tax compliance costs for business. The review of tax regulations in the region shows several commonalities: (1) widespread use of tax incentives to support selected industries, types of firms, and industrial locations; (2) many exemptions from value-added taxes as well as the practice of levying multiple indirect taxes on the same base; and (3) high costs of tax compliance for businesses. The paper discusses the consequences of tax policies for the competitiveness of South Asian producers, describes the main problems in tax administration, and outlines key directions for reforms.	en
dc.identifier	http://documents.worldbank.org/curated/en/2015/12/25669891/toward-more-business-friendly-tax-regime-key-challenges-south-asia
dc.identifier.uri	http://hdl.handle.net/10986/23477
dc.language	English
dc.language.iso	en_US
dc.publisher	World Bank, Washington, DC
dc.relation.ispartofseries	Policy Research Working Paper;No. 7513
dc.rights	CC BY 3.0 IGO
dc.rights.holder	World Bank
dc.rights.uri	http://creativecommons.org/licenses/by/3.0/igo/
dc.subject	TAX INCENTIVES
dc.subject	TAX RESEARCH
dc.subject	CAPITAL MARKETS
dc.subject	LIABILITY
dc.subject	SALES TAX
dc.subject	EQUIPMENT
dc.subject	TAX CREDIT
dc.subject	ACCOUNTING
dc.subject	CORPORATE INCOME TAX
dc.subject	WAREHOUSE
dc.subject	TAX RATES
dc.subject	TAX EXEMPTION
dc.subject	LANDHOLDERS
dc.subject	PROPERTY TAX
dc.subject	ADDED TAX
dc.subject	USE TAX
dc.subject	VALUE‐ ADDED TAX
dc.subject	STOCK
dc.subject	INFORMATION TECHNOLOGY
dc.subject	TAX INCENTIVES
dc.subject	TAX BURDENS
dc.subject	TAX COMPLIANCE COSTS
dc.subject	GIFTS
dc.subject	GOVERNMENT SPENDING
dc.subject	CONSUMPTION TAXES
dc.subject	EXCHANGE
dc.subject	OPTION
dc.subject	DEVELOPING COUNTRIES
dc.subject	TAX BASES
dc.subject	TAX‐RATES
dc.subject	EXPORTERS
dc.subject	REVENUES
dc.subject	SALES TAX
dc.subject	CONSUMPTION TAXES
dc.subject	TAX BENEFITS
dc.subject	TAX SIMPLIFICATION
dc.subject	TAX COMPLIANCE
dc.subject	TAX EVASION
dc.subject	FEDERAL TAX
dc.subject	TAX SYSTEMS
dc.subject	TAX
dc.subject	INCOME TAX
dc.subject	TAXABLE INCOME
dc.subject	TAX LEGISLATION
dc.subject	LEVEL PLAYING FIELD
dc.subject	CORPORATE INCOME TAX
dc.subject	INTERNATIONAL BANK
dc.subject	CONSUMPTION TAX
dc.subject	DEVELOPING COUNTRY
dc.subject	TAX LEGISLATION
dc.subject	BUDGET
dc.subject	VALUE‐ADDED TAX
dc.subject	FOREIGN MARKETS
dc.subject	MACROECONOMIC STABILITY
dc.subject	SMALL BUSINESS
dc.subject	TAX SYSTEM
dc.subject	TAX ADMINISTRATION
dc.subject	TAX POLICIES
dc.subject	TAX EXEMPTION
dc.subject	CURRENCY
dc.subject	CORPORATE INCOME TAXES
dc.subject	CORPORATE TAX RATES
dc.subject	TAX BURDENS
dc.subject	TAX REGIME
dc.subject	TAX REGULATIONS
dc.subject	TAX LIABILITIES
dc.subject	TAX EXEMPTIONS
dc.subject	TURNOVER TAXES
dc.subject	MONETARY FUND
dc.subject	VALUE ADDED TAX
dc.subject	MARKETS
dc.subject	RETURN
dc.subject	CONSUMPTION TAX
dc.subject	TAX BASE
dc.subject	TAX RETURNS
dc.subject	TAX REFORM
dc.subject	TAX BREAKS
dc.subject	LOANS
dc.subject	TAX REVENUES
dc.subject	TAX BASE
dc.subject	TAX REVENUES
dc.subject	FINANCE
dc.subject	TAX BASES
dc.subject	FOREIGN CURRENCY
dc.subject	CORPORATE TAX
dc.subject	TAX LIABILITIES
dc.subject	TAX POLICIES
dc.subject	TAXES
dc.subject	TAX TABLE
dc.subject	TAX REFORMS
dc.subject	INVESTMENT DECISIONS
dc.subject	EXPENDITURE
dc.subject	DOUBLE TAXATION
dc.subject	TAX TABLE
dc.subject	INTERNATIONAL STANDARDS
dc.subject	INCOME TAXES
dc.subject	INVESTORS
dc.subject	MACROECONOMIC INSTABILITY
dc.subject	VALUE ADDED TAXES
dc.subject	TAX CREDIT
dc.subject	GOOD
dc.subject	TAX INCENTIVE
dc.subject	TAX RATE
dc.subject	CORPORATE TAX
dc.subject	TRANSPARENCY
dc.subject	TAX REVENUE
dc.subject	INCOME TAXES
dc.subject	COMPLIANCE COSTS
dc.subject	TURNOVER
dc.subject	TAX LAWS
dc.subject	CORPORATE INCOME TAX
dc.subject	RETURNS
dc.subject	FIXED CAPITAL
dc.subject	TAX REGIMES
dc.subject	GOVERNMENT EXPENDITURE
dc.subject	TAX CONCESSIONS
dc.subject	GOVERNMENT REVENUE
dc.subject	INPUT TAX
dc.subject	EXPENDITURES
dc.subject	INPUT TAX
dc.subject	TAX EVASION
dc.subject	CORPORATE TAXES
dc.subject	TAX EXPENDITURE
dc.subject	TAX‐BREAKS
dc.subject	TAX RATES
dc.subject	TAX COMPLIANCE
dc.subject	VALUE ADDED TAX
dc.subject	TAX EXPENDITURES
dc.subject	TAX EXEMPTIONS
dc.subject	TAX LIABILITY
dc.subject	MARKET
dc.subject	TAX RATE
dc.subject	TAX REVENUE
dc.subject	LEVY
dc.subject	INSURANCE
dc.subject	TAX LIABILITY
dc.subject	TAXATION
dc.subject	ECONOMIC DEVELOPMENT
dc.subject	TAX LAW
dc.subject	TAXABLE INCOME
dc.subject	TAX CREDITS
dc.subject	GOODS
dc.subject	SECURITY
dc.subject	TAX LAWS
dc.subject	LAND TAX
dc.subject	INVESTMENT
dc.subject	STOCK EXCHANGE
dc.subject	FEDERAL TAX
dc.subject	INDIRECT TAXATION
dc.subject	TURNOVER TAXES
dc.subject	ADDED TAXES
dc.subject	INVESTMENT CLIMATE
dc.subject	TAX SYSTEM
dc.subject	TAX SYSTEMS
dc.subject	DIFFERENTIAL TAX TREATMENT
dc.subject	INVESTMENT REQUIREMENTS
dc.subject	TAX POLICY
dc.subject	TAX‐REVENUE
dc.subject	TAXPAYERS
dc.subject	TAX ADMINISTRATION
dc.subject	REVENUE
dc.subject	TAX POLICY
dc.subject	LEVIES
dc.subject	PROFIT
dc.subject	TAX BREAKS
dc.subject	TAX DEDUCTIONS
dc.subject	INVESTMENTS
dc.subject	TAX TREATMENT
dc.subject	DEDUCTIONS
dc.subject	TAX REFORM
dc.subject	TAX EXPENDITURES
dc.subject	TAX PREFERENCES
dc.subject	CAPITAL INVESTMENT
dc.subject	PROFITS
dc.subject	PUBLIC SPENDING
dc.subject	LIABILITIES
dc.subject	TAX RETURNS
dc.subject	TAX REFORMS
dc.subject	SMALL BUSINESSES
dc.subject	TAX REGULATIONS
dc.subject	TAX PREFERENCES
dc.subject	INVESTING
dc.title	Toward a More Business Friendly Tax Regime	en
dc.title.subtitle	Key Challenges in South Asia	en
dc.type	Working Paper	en
okr.date.disclosure	2015-12-14
okr.doctype	Publications & Research :: Policy Research Working Paper
okr.doctype	Publications & Research
okr.docurl	http://documents.worldbank.org/curated/en/2015/12/25669891/toward-more-business-friendly-tax-regime-key-challenges-south-asia
okr.googlescholar.linkpresent	yes
okr.identifier.doi	10.1596/1813-9450-7513
okr.identifier.externaldocumentum	090224b083c597cc_2_0
okr.identifier.internaldocumentum	25669891
okr.identifier.report	WPS7513
okr.imported	true
okr.language.supported	en
okr.pdfurl	http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2015/12/15/090224b083c597cc/2_0/Rendered/PDF/Toward0a0more00lenges0in0South0Asia.pdf	en
okr.region.administrative	South Asia
okr.region.geographical	South Asia
okr.topic	Public Sector Development
okr.topic	Law and Development :: Tax Law
okr.topic	Macroeconomics and Economic Growth :: Taxation & Subsidies
okr.unit	Equitable Growth, Finance and Institutions Global Practice Group

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Toward a More Business Friendly Tax Regime : Key Challenges in South Asia

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