@Book{79757137X,
author="Kapaz, Emerson
and Kenyon, Thomas",
title="Informality Trap: Tax Evasion, Finance, and Productivity in Brazil",
series="Viewpoint",
year="2012",
publisher="World Bank",
address="Washington, DC",
keywords="ACCURATE INFORMATION; AFFILIATED ORGANIZATIONS; COMPANY; COMPETITORS; CUSTOMS AUTHORITIES; DEVICES; ELECTRONICS; EMPLOYMENT; ENTREPRENEURS; FEDERAL TAXES; FIRM SIZE; FIRMS; GOVERNMENT REGULATIONS; INNOVATIONS; INTERNAL REVENUE; INVESTMENT CLIMATE; INVESTMENT CLIMATE ASSESSMENT; LAWYERS; MANUFACTURERS; PROFITABILITY; PUBLIC POLICY INNOVATIONS; REGULATORY BURDEN; SALES TAX; SHOPS; SMALL BUSINESS; SMALL ENTERPRISES; TAX ADMINISTRATION; TAX AUTHORITIES; TAX BANDS; TAX BASE; TAX BURDEN; TAX COLLECTION; TAX COMPLIANCE; TAX ENFORCEMENT; TAX EVASION; TAX OBLIGATIONS; TAX RATES; TAX REFORM; TAXATION; TELECOMMUNICATIONS; TRANSPARENCY",
abstract="This Note highlights the adverse consequences of informality for private sector development and explains what governments can do about it. It uses new data from the World Bank's Investment Climate Survey in Brazil that show for the first time the extent of tax evasion and confirm that informal firms are less productive and less likely to access financial markets than other firms. It also provides some advice on how to tackle the problem-by emphasizing the benefits of regulatory compliance, reducing the costs of going formal, and tightening up enforcement",
url="http://hdl.handle.net/10986/11201",
language="English"
}