Private Service Firms in a Transitional Economy

Private Service Firms in a Transitional Economy

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Studies of Economies in Transformation Paper 11. The service industry is the largest and most dynamic sector of the newly emerging private sector in St. Petersburg. Little is known, however, about the entrepreneurs and firms in this sector or aboutLess than half the firms, however, pay the excess wage tax, and most firms tried to reduce payroll and profits taxes in various ways. Where possible, firms used cash transactions, since it was difficult to avoid paying taxes on bank transactions . They also paid ... The majority of firms used a private commercial bank, a substantial minority used state banks, and a few used Sberbank, the state savings bank.

Title:Private Service Firms in a Transitional Economy
Author:Martha De Melo, Gur Ofer
Publisher:World Bank Publications - 1994-01-01


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