Generally, the importance of tax lies in its ability to generate revenue for the government, influence the consumption pattern of the people and also regulate the economy through its influence on vital aggregate economic variables such as income, employment, prices of goods and services and investments.
Tax revenue is the result of the application of a tax rate to a tax base increases in tax base result in more socially acceptable increase in revenue than an increase in the rate, which in turn, in certain macroeconomic conditions, could even backfire. The impact and consequences of tax revenues’ components on economic indicators: evidence from panel groups data 101 which are 22 countries in sub-saharan africa from 1980 to 1996.
Database of free economics essays - we have thousands of free essays across a wide range of subject areas sample economics essays search to find a specific economics essay or browse from the list below: unemployment rate is known to be one of the most vital economic indicators to represent a particular country's economic performance. This research will be geared towards the impact of taxes generated on the growth of the nigeria economy 13 objectives of the study the study will focus on the following objectives: to examine the impact of direct tax on economic growth to examine the impact of indirect tax on economic growth. The impact of tax components such as total tax revenue, taxes on income, profit and capital gain, taxes on goods and services, taxes on international trade, total tax rate, and taxes on export are examined with the three economic indicators. Components on economic indicators: evidence from panel groups data 103 income and large amount of international companies in many rich countries that leads to high taxes on income, profit, and capital gain as fraction of total tax revenue (ipct.
Impact of tax revenue components on economic indicators economics essay the impact and consequences of tax revenue's components on economic indicators: evidence from panel groups data abstarct the change in components of tax revenue may result the change in the economic growth and other economic indicators. The impact of tax components such as total tax revenue, taxes on income, profit and capital gain, taxes on goods and services, taxes on international trade, total tax rate, and taxes on export are examined with the three economic indicators these three indicators are highly significant to the tax structures in four groups of country.
This study will be analyzing the impact of government expenditures as a total and its components on the economic growth in palestine (1996-2012) it will have an important limitation, which will be the shortness of the time series that will be taken in analyzing the impact of the government expenditures on the gdp. The purpose of this research therefore, is to examine the empirical impact of tax revenue on economic growth 12 statement of research problem nigeria is a monoculture economy, over depending on the oil sector. Even if spending is allowed to grow by 4 percent each year, the budget deficit quickly shrinks-even if the bush tax cuts are made permanent other economic policy choices matter the size of government has a major impact on economic performance, but it is just one of many important variables.
Fiscal governance and resource mobilization economics essay historically, the structure of taxation has been seen and analyzed under the groups of direct and indirect taxation most developing countries have relied heavily on indirect taxation, mainly on consumption and other indirect taxes since it is easier to tax consumption than to tax. The impact of tax revenue on economic growth: evidence from nigeria doi: 109790/5933-07113238 wwwiosrjournalsorg 33 | page objectives of the study the general objective of the study was to examine the effect of taxation on the growth of the nigerian economy.