Fast-Track Tax Reform

Lessons from the Maldives

Business & Finance, Accounting, Taxation, Finance & Investing, Economics, Economic Development
Cover of the book Fast-Track Tax Reform by Asian Development Bank, Asian Development Bank
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Author: Asian Development Bank ISBN: 9789292579586
Publisher: Asian Development Bank Publication: October 1, 2017
Imprint: Asian Development Bank Language: English
Author: Asian Development Bank
ISBN: 9789292579586
Publisher: Asian Development Bank
Publication: October 1, 2017
Imprint: Asian Development Bank
Language: English

The economy of Maldives faced two very challenging episodes traced to the 2004 tsunami and the 2008-2009 global financial crisis. To develop alternative sources of funding and to improve services delivery, the government, with the help of partners like the Asian Development Bank and others, succeeded in transforming the country's revenue system into a modern, e-enabled system for effective tax collection and development of a broader tax base. Find out more about Maldives' fast-track approach to tax reforms which can serve as a guide for other developing countries.

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The economy of Maldives faced two very challenging episodes traced to the 2004 tsunami and the 2008-2009 global financial crisis. To develop alternative sources of funding and to improve services delivery, the government, with the help of partners like the Asian Development Bank and others, succeeded in transforming the country's revenue system into a modern, e-enabled system for effective tax collection and development of a broader tax base. Find out more about Maldives' fast-track approach to tax reforms which can serve as a guide for other developing countries.

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