Toward a More Business Friendly Tax Regime

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.

Bibliographic Details

Main Author:	Reva, Anna
Format:	Working Paper biblioteca
Language:	English en_US
Published:	World Bank, Washington, DC 2015-12
Subjects:	TAX INCENTIVES, TAX RESEARCH, CAPITAL MARKETS, LIABILITY, SALES TAX, EQUIPMENT, TAX CREDIT, ACCOUNTING, CORPORATE INCOME TAX, WAREHOUSE, TAX RATES, TAX EXEMPTION, LANDHOLDERS, PROPERTY TAX, ADDED TAX, USE TAX, VALUE‐ ADDED TAX, STOCK, INFORMATION TECHNOLOGY, TAX BURDENS, TAX COMPLIANCE COSTS, GIFTS, GOVERNMENT SPENDING, CONSUMPTION TAXES, EXCHANGE, OPTION, DEVELOPING COUNTRIES, TAX BASES, TAX‐RATES, EXPORTERS, REVENUES, TAX BENEFITS, TAX SIMPLIFICATION, TAX COMPLIANCE, TAX EVASION, FEDERAL TAX, TAX SYSTEMS, TAX, INCOME TAX, TAXABLE INCOME, TAX LEGISLATION, LEVEL PLAYING FIELD, INTERNATIONAL BANK, CONSUMPTION TAX, DEVELOPING COUNTRY, BUDGET, VALUE‐ADDED TAX, FOREIGN MARKETS, MACROECONOMIC STABILITY, SMALL BUSINESS, TAX SYSTEM, TAX ADMINISTRATION, TAX POLICIES, CURRENCY, CORPORATE INCOME TAXES, CORPORATE TAX RATES, TAX REGIME, TAX REGULATIONS, TAX LIABILITIES, TAX EXEMPTIONS, TURNOVER TAXES, MONETARY FUND, VALUE ADDED TAX, MARKETS, RETURN, TAX BASE, TAX RETURNS, TAX REFORM, TAX BREAKS, LOANS, TAX REVENUES, FINANCE, FOREIGN CURRENCY, CORPORATE TAX, TAXES, TAX TABLE, TAX REFORMS, INVESTMENT DECISIONS, EXPENDITURE, DOUBLE TAXATION, INTERNATIONAL STANDARDS, INCOME TAXES, INVESTORS, MACROECONOMIC INSTABILITY, VALUE ADDED TAXES, GOOD, TAX INCENTIVE, TAX RATE, TRANSPARENCY, TAX REVENUE, COMPLIANCE COSTS, TURNOVER, TAX LAWS, RETURNS, FIXED CAPITAL, TAX REGIMES, GOVERNMENT EXPENDITURE, TAX CONCESSIONS, GOVERNMENT REVENUE, INPUT TAX, EXPENDITURES, CORPORATE TAXES, TAX EXPENDITURE, TAX‐BREAKS, TAX EXPENDITURES, TAX LIABILITY, MARKET, LEVY, INSURANCE, TAXATION, ECONOMIC DEVELOPMENT, TAX LAW, TAX CREDITS, GOODS, SECURITY, LAND TAX, INVESTMENT, STOCK EXCHANGE, INDIRECT TAXATION, ADDED TAXES, INVESTMENT CLIMATE, DIFFERENTIAL TAX TREATMENT, INVESTMENT REQUIREMENTS, TAX POLICY, TAX‐REVENUE, TAXPAYERS, REVENUE, LEVIES, PROFIT, TAX DEDUCTIONS, INVESTMENTS, TAX TREATMENT, DEDUCTIONS, TAX PREFERENCES, CAPITAL INVESTMENT, PROFITS, PUBLIC SPENDING, LIABILITIES, SMALL BUSINESSES, INVESTING,
Online Access:	http://documents.worldbank.org/curated/en/2015/12/25669891/toward-more-business-friendly-tax-regime-key-challenges-south-asia https://hdl.handle.net/10986/23477
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