November 23, 2025Open Access

A Study: Colonial Legacy on Banking, Finance and Taxation

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Discussion

Analysis shows colonial rule shaped banking and taxation in colonized regions, suggesting impacts on economic development.

Colonial legacy created persistent challenges in financial systems and taxation patterns in post-colonial regions.
Evidence highlights extractive fiscal systems and banking institutions formed during colonial rule as key influences.
Study focuses on the implications of colonial policies on modern economies, drawn from British colonial India and other colonies.
Calls for reforms aimed at fostering inclusive development within the contexts of historical financial structures.

Bhimasha K. B. (2025) studied this question.

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