distortionary taxation on the rate of economic growth. The growth-enhancing effects of investment in public capital and transfer …

The financial crisis has prompted a reconsideration of the taxation of financial institutions, with practice …, appropriate rate, and revenue yield of corrective taxation of financial institutions addressed to two externalities, consequent on … taxation or a regulatory capital requirement is the better way to address these concerns. The results suggest a potential role …

education (up to 1.5 percentage point of GDP) and health (up to 2.5 percentage points of GDP) without compromising the quality … of services but additional investments for over 3 percent of GDP per year are needed to close large infrastructure gaps …