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Using administrative tax data to understand the implications of COVID-19 (coronavirus) for formal firms

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The COVID-19 (coronavirus) pandemic and associated containment measures are expected to cause far-reaching damage to economies around the world. Firms are suffering from reduced demand due to movement restrictions, from reduced labor supply and from constraints to sourcing material inputs. The breakup of otherwise healthy businesses in response to a temporary shock implies large social costs. Governments are therefore intent on designing emergency policies to keep businesses afloat. Yet, limited availability of firm censuses and survey data in many lower-income countries hampers policy makers’ ability to simulate economic scenarios and the effect of policy measures.

This blog discusses how policy makers can use firm-level administrative tax records to simulate the effects of the COVID-19 shock on formal sector firms.

This blog was originally published by the World Bank. You can access it here

More on this topic

Presentation
Presentation
40% of the growth in the UK’s workforce since 2008 has come from people working for their own business. IFS researchers are using administrative tax records to learn more about the self-employed and company owner-managers, including their characteristics, how these groups have been changing in ...
IFS Working Paper W18/03
Firm-level investment paths are commonly characterised by periods of low or zero investment punctuated by large investment ‘spikes’. We document that such spikes are important for understanding firm and aggregate level investment in the UK.
IFS Working Paper W17/03