Local Taxes, Regulations, and the Business Environment : Finding the Right Balance

Regional and municipal governments play a key role in establishing a local business environment that is attractive to foreign and domestic investors. However, in many countries, entrepreneurs face a complex web of local taxes, regulatory fees, and...

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Bibliographic Details
Main Author:	Corthay, Laurent
Format:	Brief
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ACCOUNTABILITY ADMINISTRATIVE COSTS ASSIGNMENT OF TAXES AUTONOMY BARRIERS TO ENTRY BUDGET CONSTRAINTS BUSINESS LICENSES BUSINESS TAXES COMPLIANCE COSTS CUSTODY DEBT DECENTRALIZATION DEVELOPING COUNTRIES DEVELOPMENT BANK ECONOMIC DEVELOPMENT ECONOMIC EFFICIENCY ENABLING ENVIRONMENT ENFORCEMENT MECHANISMS EXCISE TAXES FIRM PERFORMANCE FISCAL DECENTRALIZATION FISCAL FEDERALISM FOREIGN INVESTMENT GARBAGE COLLECTION GOVERNMENT POLICIES GOVERNMENT REVENUE HARD BUDGET CONSTRAINTS HUMAN RESOURCES INCOME INCOME TAX INFRASTRUCTURE FINANCE INSTRUMENT INSURANCE INTERGOVERNMENTAL TRANSFERS INTERNATIONAL DEVELOPMENT INTERNATIONAL FINANCE INVENTORY INVESTING INVESTMENT CLIMATE LEGAL OBLIGATION LEGISLATION LEVIES LEVY LICENSES LOCAL AUTHORITIES LOCAL BUSINESS LOCAL FEES LOCAL GOVERNMENT LOCAL GOVERNMENT TAXATION LOCAL GOVERNMENTS LOCAL LEVEL LOCAL OFFICIALS LOCAL REVENUE LOCAL TAXES MARKET FAILURES MICRO-ENTERPRISES MUNICIPAL MUNICIPAL GOVERNMENTS NATIONAL TREASURY NATURAL RESOURCES PRIVATE SECTOR PRODUCTIVITY PROPERTY RIGHTS PROPERTY TAX BASE PROPERTY TAXES PROPERTY TRANSFER TAXES PUBLIC PUBLIC ADMINISTRATION PUBLIC ASSETS PUBLIC BENEFITS PUBLIC FINANCES PUBLIC SECTOR PUBLIC WORKS REGISTRATION FEE REGULATORY AUTHORITY REGULATORY GOVERNANCE RESIDENTIAL PROPERTY RESIDENTIAL PROPERTY TAXES RETURN REVENUE COLLECTION REVENUE SOURCES SMALL BUSINESSES SUBNATIONAL FINANCE SUBNATIONAL GOVERNMENTS SURCHARGES TAX TAX ADMINISTRATION TAX POLICY TAX REFORM TAX REGIME TAX REVENUES TAX SYSTEM TAXATION TRANSITION ECONOMIES TRANSPARENCY TRANSPORT USER CHARGES UTILITIES VOTERS
Online Access:	http://documents.worldbank.org/curated/en/2009/04/10501455/local-taxes-regulations-business-environment-finding-right-balance http://hdl.handle.net/10986/10566

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Summary:	Regional and municipal governments play a key role in establishing a local business environment that is attractive to foreign and domestic investors. However, in many countries, entrepreneurs face a complex web of local taxes, regulatory fees, and other charges. This situation increases the costs and risks of doing business, thus limiting the potential for business growth, investment, and job creation. This note explores the roots of this problem and introduces options for addressing it.

Local Taxes, Regulations, and the Business Environment : Finding the Right Balance

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