Informal x Formal Sector (Beck, Lin & Ma)

“Can financial sector reform help bring informal firms into the formal sector?” by Thorsten Beck, Chen Lin and Yue Ma.Can financial sector reform help bring informal firms into the formal sector? This column examines over 22,000 firms from 43 countries. Firms in countries with a credit registry are 20% less likely to evade taxes, and the tax evasion ratio in such countries is 11% lower. See: