Does the reliance on diversified tax structure enhance resilience to fiscal risks? This paper gives an answer to this question by proposing a new cross-country tax revenue diversification index (RDI). The RDI builds on the Theil index, and unlike the few existing tax diversification indices,...

Recent work draws attention to the fragility of domestic tax revenues - a vital resource for the developing world - to illicit financial flows. To cope with two major challenges in the illicit financial flows-tax revenues relationship - related to the mere illicit financial flows measurement and...

Recent work draws attention to the fragility of domestic tax revenues-a vital resource for the developing world-to illicit financial flows. To cope with two major challenges in the illicit financial flows-tax revenues relationship-related to the mere illicit financial flows measurement and...