IMF Policy Discussion Papers

Legal and Institutional Obstacles to Growth and Business in Russia

By Elaine Karen Buckberg

November 1, 1997

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Elaine Karen Buckberg. Legal and Institutional Obstacles to Growth and Business in Russia, (USA: International Monetary Fund, 1997) accessed November 8, 2024

Summary

Although financial stabilization has laid the foundation for growth, structural reform of the economy will determine whether Russia achieves sustained medium-term growth. The next step for Russia is to create an institutional and regulatory environment that fosters investment and promotes new private sector activity. This paper examines the most critical reforms for promoting private sector development: reforming the tax system, reducing red tape and bureaucratic corruption, strengthening the judicial system, and improving capital market infrastructure.

Subject: Corporate income tax, Corruption, Crime, Legal support in revenue administration, Revenue administration, Tax incidence, Tax law, Tax policy, Taxes

Keywords: Corporate income tax, Corruption, Financial condition, Firm, Firm's value, Investment, Investment decision, Legal support in revenue administration, PDP, Russia, Sc, Shareholder, Shareholder interest, Tax incidence, Tax law, Unprofitable company, Value, Wage arrears

Publication Details

  • Pages:

    10

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Policy Discussion Paper No. 1997/008

  • Stock No:

    PPIEA0081997

  • ISBN:

    9781451970814

  • ISSN:

    1564-5193

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