The impact of tax revenue on economic growth: evidence from nigeria doi: 109790/5933-07113238 wwwiosrjournalsorg 33 | page. This study examines the effect of tax revenue on economic growth in ghana using quarterly data for the period 1986 to 2010 within the var framework the study found that there exist both short run and long run relationship between economic growth and tax revenue.
People often think of tax revenue as a function of tax rates if you want to raise more tax revenue, raise tax rates if you don’t want to lose revenue, don’t cut tax rates reality isn’t so simple instead, economic growth is often the key driver of tax revenues the us and uk experience a. Bloomberg | quint is a what explains the 22% surprise rise in india’s tax revenue less from a revenue perspective and more as an indicator of economic growth. India hunts for tax dodgers to stem slowing revenue growth india’s tax office according to the economic survey compiled by modi’s top economic. In india, a return to a gradual path of growth-friendly fiscal consolidation is desirable to create fiscal space, but full and smooth implementation of the new goods and services tax is necessary to avoid tax revenue underperformance resulting in cuts to capital expenditures, the imf said.
Evaluate the long run relationship between tax revenue and economic growth in nigeria the study focuses on the impact of petroleum profit tax. In any country, developed or less developed, mobilization of resources constitutes an important aspect of achieving a higher level of economic growth and, as a source of resource mobilization, the role of tax revenue is very significant in developing countries like india thus, this paper is an.
Read this essay on the impact of tax revenue on economic growth come browse our large digital warehouse of free sample essays get the knowledge you need in order to pass your classes and more. 304 akwe james ayuba: impact of non-oil tax revenue on economic growth: the nigerian perspective is because the bulk of revenue needed for development. Tax buoyancy in oecd countries by how much will faster economic growth boost government revenue tax revenue growth was larger than. The structure and financing of a tax change are critical to achieving economic growth tax rate taxes second, revenue-neutral economics from brookings.
Relationship between the tax revenue and economic growth in zimbabwe were also relationship between government tax revenue and economic growth is important from a. But it does show that, given strongly rising revenue numbers, we've got strong economic growth going on out there our knee to shin bone connection means we have proven not no economic growth even if the accurate amount is still in question. Economic growth is about the long run this comes with some advantages you can skip the current transitory circumstances, fatally noisy an fuzzy, and focus on the enduring factors.
Evidence on the impact of tax revenue on economic growth in nigeria the specific objectives include to: (i) determine the impact of value added tax on economic.
Since a long time it has been the consensus that mobilization of resources is a sine qua non for the planned economic development of a country. Highlighting monetary management and financial intermediation, the economic survey part ii, tabled in the parliament here today reflected strong growth in tax revenue, sustenance of the pace of capital spending and a consolidation of non-salary or pension revenue expenditure. Full-text paper (pdf): the relationship between tax revenue and economic growth of hebei province based on the tax multiplier effect.Download