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Policy Briefs


Higher levels of tax evasion in a corrupt economy, encourage policy making that hinders the functioning of private financial markets

Rangan Gupta and Emmanuel Ziramba
When amplified levels of corruption and reduced penalties for illegal behaviour encourage greater levels of tax evasion, the policy response will exacerbate measures that constrain the functioning of private‐sector financial markets. In the ERSA working paper “Tax evasion and financial repression:...
Feb 2009
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