nearly a decade of tight credit and declining loan approvals from banks and traditional lenders, are turning to online … markets for debt and equity, online alternative finance addresses demands unmet by traditional sources. Banks and other … funds, pension funds, hedge funds, family offices, asset management firms and traditional banks. This level of …

and Venezuela. We find that, for a given tax rate, revenue declines over time. Therefore, in order to meet a fixed revenue … target in real terms, the tax rate needs to be raised repeatedly. However, we also find that successive increases in the tax … rate erode the tax base by more than they raise revenue yield and that the higher the increase in the tax rate, the more …

and Venezuela. We find that, for a given tax rate, revenue declines over time. Therefore, in order to meet a fixed revenue … target in real terms, the tax rate needs to be raised repeatedly. However, we also find that successive increases in the tax … rate erode the tax base by more than they raise revenue yield and that the higher the increase in the tax rate, the more …

what practitioners would expect, efficient banks have lower overhead costs relative to total income, use resources better …