Tax Policy Reform and Financial Intermediaries in Less Developed Countries

摘要

The study provides an overview for nonspecialists of the way in which tax systems and their reform may influence the development of financial intermediation in less developed countries. Part I discusses the role and functioning of financial intermediaries in a competitive, free market environment. Part II provides information on the primary ways in which financial intermediaries are taxed. Part III provides an analytical framework for evaluating the impact of these tax systems on intermediaries. Finally, Part IV presents policy recommendations aimed at improving the tax system.