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The Impact of COVID-19 on Formal Firms: Micro Tax Data Simulations across Countries (English)

How is the COVID-19 pandemic affecting firm profits and tax payments in developing countries? This paper uses administrative corporate tax records from 10 low- and middle-income countries around the world to provide plausible estimates. Modeling the lockdown-triggered revenue shock with simple and transparent assumptions, the analysis predicts that less than half of all firms will remain profitable by the end of 2020, about 5-10 percent of the formal...
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Bachas,Pierre Jean; Brockmeyer,Anne; Semelet,Camille Marine.

The Impact of COVID-19 on Formal Firms: Micro Tax Data Simulations across Countries (English). COVID-19 (Coronavirus)|Paper is funded by the Knowledge for Change Program (KCP)|Policy Research working paper|no. WPS 9437 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/432861602682833105

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