Helping hand or the long arm of the law? : do carrots or sticks work best for bringing informal firms into the formal sector? (English)

Since 2004, 75 percent of countries have adopted at least one reform making it easier to register a business. Yet, despite these efforts, the majority of firms in most developing countries remain informal. This is of concern to policymakers, who worry that a large stock of informal firms results in a loss in tax revenue, unfair competition for formal firms, and a culture of informality. Much less attention has been given to increasing the costs of...
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de Andrade, Gustavo Henrique; Bruhn,Miriam; McK.

Helping hand or the long arm of the law? : do carrots or sticks work best for bringing informal firms into the formal sector? (English). Finance & PSD impact evaluation note|no. 24 Washington DC ; World Bank. http://documents.worldbank.org/curated/en/422401468327350203

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