https://www.taxtmi.com/news?id=15747 Barriers to exit generate fiscal, economic and political costs by sustaining inefficient, low productivity firms; vested interests, weak or inflexible institutions, and enduring ideology impede removal of entitlements and effective enforcement. Recommended responses include promoting competition via private entry, legal and procedural reforms to expedite exit, strengthening institutions with flexibility, leveraging technology to reduce discretion, increasing transparency on scheme costs and benefits, and presenting exit as an opportunity for renewal. en-us Fri, 26 Feb 2016 14:34:20 +0530 Fri, 26 Feb 2016 14:34:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=15747 Barriers to exit generate fiscal, economic and political costs by sustaining inefficient, low productivity firms; vested interests, weak or inflexible institutions, and enduring ideology impede removal of entitlements and effective enforcement. Recommended responses include promoting competition via private entry, legal and procedural reforms to expedite exit, strengthening institutions with flexibility, leveraging technology to reduce discretion, increasing transparency on scheme costs and benefits, and presenting exit as an opportunity for renewal. News - Fri, 26 Feb 2016 14:34:20 +0530 https://www.taxtmi.com/news?id=15747