Policies could damage Tanzania’s strong growth trend

2017 ◽  
Keyword(s):  
Tax Evasion ◽  
Financial Services ◽  
Growth Trend ◽  
Sharp Drop ◽  
Content Type ◽  
Doing Business ◽  
The World ◽  
Ease Of Doing Business ◽  
Tourism Revenue ◽  
Growing Population

Significance The World Bank’s 2017 Ease of Doing Business ranking shows Tanzania improving, moving up to 132nd place from 144 last year. However, an austerity drive and a crackdown on tax evasion may undermine progress. Businesses have shuttered since President John Magufuli took office, and commercial retrenchment could dampen key growth sectors including construction, telecoms and financial services. Impacts A fast-growing population of 53 million will add to an already large consumer base. A sharp drop in tourism revenue could prompt a review of taxation on the sector. Natural gas discoveries could boost revenue, but exports will only begin in the next decade.

Nigerian companies law faces capacity constraints

2020 ◽  
Keyword(s):  
Corporate Governance ◽  
Civil Society ◽  
Capacity Constraints ◽  
Content Type ◽  
Doing Business ◽  
The World ◽  
Ease Of Doing Business

Significance The amendment officially seeks to improve the ease of doing business by establishing a more efficient means of regulating businesses and minimising the compliance burden for small and medium-sized enterprises (SMEs). However, some interest and civil society groups, most notably religious-based organisations, have decried provisions of the new law. Impacts Besides SERAP, there is the possibility of civil actions against the CAC and the presidency by other civil society groups. The new act could help improve Nigeria’s ranking on the World Bank’s ‘Ease of Doing Business’ index. Business oversight bodies could voice their opposition to the inclusion of corporate governance provisions within the CAMA 2020.

Indonesia’s new shipping decree would harm business

2018 ◽  
Keyword(s):  
Dwell Time ◽  
Crude Palm Oil ◽  
Content Type ◽  
Trade Reforms ◽  
Doing Business ◽  
The World ◽  
Ease Of Doing Business ◽  
The Government ◽  
To Come ◽  
Port Infrastructure

Subject Indonesia's new shipping decree and ease of doing business. Significance Darmin Nasution, the coordinating minister for economic affairs, last month chaired a meeting to discuss strategies for improving Indonesia’s position in the World Bank’s Ease of Doing Business rankings. Trade Minister Enggartiasto Lukita announced in February that a new shipping decree requiring Indonesian rather than foreign vessels to export coal and crude palm oil, due to come into effect later this month, would be enforced only after the government and shipping sector were “ready”. Impacts Besides initiating regulatory and trade reforms, Jakarta will seek to reduce bureaucratic obstacles. New customs regulations may help to reduce cargo ships’ ‘dwell time’ in port. Expanding port infrastructure will be key to Indonesia’s vision of being at the fulcrum of a global ‘maritime axis’.

scholarly journals The Problem of the Ease of Doing Business Assessment

10.3846/155 ◽  
2011 ◽  
Vol 1 (3) ◽  
pp. 66-69 ◽  
Author(s):  
Mindaugas Samoška
Keyword(s):  
Data Mining ◽  
Qualitative Methods ◽  
Quantitative Method ◽  
Global Competitiveness ◽  
Doing Business ◽  
The World ◽  
World Economic ◽  
Ease Of Doing Business ◽  
Quantitative And Qualitative Methods

The study deals with the ease of doing business and global competitiveness assessment models. Both models basically describe conditions for doing business in a certain country that is being ranked and evaluated. However, different data mining principles differ the results (quantitative and qualitative methods), although factors measured are basically the same concerning its nature and importance. The World Economic Forum’s method takes into account several factors that are possible to evaluate only in quantitative method (e.g. Ethics and corruption). We have overviewed both models and graphically presented evaluation processes with detailed factors that are evaluated in each model.

scholarly journals Menarik Investasi Ke Indonesia Dengan Tax Holiday

2021 ◽  
Vol 2 (2) ◽  
pp. 135-141
Author(s):  
Irwan Aribowo ◽  
Deny Irawan
Keyword(s):  
World Bank ◽  
Tax Incentives ◽  
Positive Signal ◽  
Doing Business ◽  
The World Bank ◽  
The World ◽  
Ease Of Doing Business ◽  
Tax Holidays ◽  
The Right ◽  
Tax Holiday

This research contains about how tax holiday as one of the tax incentives used by the Indonesian government to attract investment Ease of Doing Business index (EoDB)  released by the World Bank. Tax holiday is expected to be able to provide a positive signal to investors that Indonesia is the right country to invest in. In this paper it was found that tax holidays are not capable of attracting investment alone, but other factors are needed in order for tax holidays to be successful in attracting investment. Penelitian ini berisi tentang bagaimana tax holiday sebagai salah satu insentif pajak yang digunakan oleh pemerintah Indonesia untuk menarik investasi Karena pajak merupakan salah satu yang menjadi perhitungan dalam indeks kemudahan bisnis yang dirilis oleh Bank Dunia. Tax holiday diharapkan mampu memberikan sinyal positif kepada para investor bahwa Indonesia adalah negara yang tepat untuk berinvestasi. Dalam penelitian ini dtemukan bahwa tax holiday tak mampu sendirian menarik investasi, akan tetapi dibutuhkan faktor-faktor lain agar tax holiday berhasil menarik investasi,

Does corruption cause tax evasion? Evidence from an emerging economy

2019 ◽  
Vol 22 (2) ◽  
pp. 217-232 ◽  
Author(s):  
John Kwaku Amoh ◽  
Abdallah Ali-Nakyea
Keyword(s):  
Emerging Economies ◽  
Tax Evasion ◽  
Structural Equation ◽  
Emerging Economy ◽  
Generation Process ◽  
Content Type ◽  
Five Dimensions ◽  
Development Indicators ◽  
The World ◽  
Development Goals

Purpose The purpose of this study is to examine the corruption-tax evasion nexus and to establish the strength of relationships among corrupting activities. Design/methodology/approach The research applied structural equation modelling on selected data from the World Economic Forum Executive Opinion Survey on corruption activities and data on tax evasion triggering factors from the World Development Indicators and the Bank of Ghana to test two hypotheses. Findings The test of the first hypothesis suggests that corrupting activities significantly cause tax-evading activities in Ghana; hence, there is at least one corrupting activity triggering tax evasion. Testing the second hypothesis revealed that corruption in Ghana exhibits all of the five dimensions of corruption that were examined. Hence, there is correlation among the corrupting activities. Research limitations/implications The research is limited by the availability of data; hence, only data for selected variables for the period were examined. Practical implications The results are indicative that most emerging economies tend to have more than one type of dominating corruption dimension, which are tax-evading triggers. Originality/value The study extends the literature by examining the various dimensions of corruption, analysing the strength of their relationships and how they impact tax evasion in an emerging economy. By identifying and employing specific corrupting activities, there is a better understanding and appreciation of the corruption-tax evasion nexus in the revenue generation process. This may aid emerging economies in the drafting of tax evasion and corruption reduction policies/programmes to ensure the achievement of sustainable development goals.

A new index to measure ease of doing business at the sub-national level

2018 ◽  
Vol 25 (3) ◽  
pp. 515-537 ◽  
Author(s):  
Khee Giap Tan ◽  
Mulya Amri ◽  
Nurina Merdikawati
Keyword(s):  
Explanatory Power ◽  
National Level ◽  
Market Potential ◽  
Business Community ◽  
Primary Data ◽  
Macroeconomic Factors ◽  
Content Type ◽  
Doing Business ◽  
Ease Of Doing Business

Purpose The purpose of this paper is to propose a novel framework to measure ease of doing business (EDB) that undertakes a holistic approach incorporating three distinct environments: attractiveness to investors, business friendliness, and competitive policies (ABC). This is offered as an alternative to existing popular indicators of doing business (DB), allowing for better approximation of investment and economic growth at the sub-national level. Design/methodology/approach The proposed “EDB Index ABC” aggregates 74 indicators into five sub-environments, three environments, and ultimately into the overall EDB Index ABC. Values are standardised using the standardised score method. The framework is applied to 33 Indonesian provinces using a combination of primary data from surveying the business community and government departments as well as secondary data from formal government statistics. Findings The findings suggest a positive association between the proposed EDB Index ABC and competitiveness as well as investments into Indonesian provinces. In terms of explanatory power, attractiveness to investors and business friendliness seem to be stronger and more consistent, while the role of competitive policies is more ambiguous. Originality/value This research departs significantly from conventional approaches to the study of DB that tend to overwhelmingly focus on formal regulatory aspects by including macroeconomic factors such as market potential and infrastructure resilience as well as micro-level variables such as profitability and cost effectiveness, and the role of government in managing competition. Responding to calls for a bottom-up approach in understanding the EDB, the EDB Index ABC is applied to 33 Indonesian provinces.

Global reduction in 'unbanked' numbers to gather pace

2015 ◽  
Keyword(s):  
World Bank ◽  
Financial Services ◽  
Positive Impact ◽  
Significant Progress ◽  
Financial Access ◽  
Content Type ◽  
The World Bank ◽  
Credit Creation ◽  
The World ◽  
Global Reduction

Subject Progress in the reduction of the number of unbanked people. Significance The World Bank has set an ambitious goal of universal financial access for everyone by 2020. The latest statistics show that many countries are making significant progress towards this goal. Some technological measures that increase access to financial services may increase transparency, stemming corruption and curtailing money laundering. However, by making it easier to spot corruption, these measures may boomerang, leading to the withdrawal of some institutions, particularly international ones, from problematic markets. Impacts Lack of access to financial services will remain a global problem that traps individuals in cycles of poverty. The World Bank encourages people to use bank accounts; having one in name only has little positive impact. Countries that mistake credit creation for improving financial access risk exacerbating financial and economic instability.

China's state restructuring will have enduring impact

2018 ◽  
Keyword(s):  
Interest Groups ◽  
Foreign Aid ◽  
Content Type ◽  
Doing Business ◽  
Rubber Stamp ◽  
State Restructuring ◽  
The World ◽  
Business In China ◽  
People's Congress ◽  
Powerful Interest

Subject Reforms and appointments announced at the National People's Congress. Significance A massive restructuring of China's bureaucracy was announced at the annual meeting of China's rubber-stamp parliament this month, where a new cohort of leaders was also promoted to key cabinet positions. Impacts Several new cabinet appointees have international experience, which may improve China's ability to engage effectively with the world. Consolidating foreign aid under a new agency could result in more joined-up policy, with more powerful advocates. Doing business in China could become easier with a reduction in the number of agencies firms to deal with. Consolidating ministries into larger units could create more powerful interest groups able to assert their own agendas. If consolidated government organs can better tackle pollution and food and drug safety, this would help ameliorate major public grievances.

Nigeria’s 2020 budget plans could prove impossible

2019 ◽  
Keyword(s):  
Interest Rate ◽  
World Bank ◽  
Growth Potential ◽  
High Interest Rate ◽  
Content Type ◽  
National Assembly ◽  
Doing Business ◽  
Deficit Financing ◽  
Rate Environment ◽  
Ease Of Doing Business

Subject Nigeria's 2020 budget. Significance President Muhammadu Buhari on October 8 proposed a 10.3-trillion-naira (28.4-billion-dollar) budget for 2020. The budget plans to increase spending on much-needed infrastructure, while deficit financing trends also look set to continue with a proposed 2.18-trillion-naira deficit. However, the proposed budget is plagued by the same challenges that have crippled previous Buhari plans, namely overly optimistic revenue expectations. Impacts A curtailing of infrastructure spending, combined with the high interest rate environment, will likely limit the economy's growth potential. Increased compliance costs could hurt an already diminished investment reputation and future World Bank ‘ease of doing business’ rankings. An easier relationship between the presidency and the national assembly should see the budget passed without the major delays of past years.

Investment ease will shape East Africa’s recovery

2020 ◽  
Keyword(s):  
Limited Resources ◽  
East African ◽  
Content Type ◽  
Doing Business ◽  
Developing Markets ◽  
Ease Of Doing Business ◽  
Economic Slowdown

Significance However, with FDI flows expected to be much reduced amid the global economic slowdown, especially for ‘riskier’ frontier or developing markets, ease of doing business is likely to become a much more immediate concern for companies looking to invest limited resources in the region. Impacts The challenges associated with investing in Tanzania will see non-extractives-focused companies look to other East African markets. Kenya’s poor corruption rankings will deter firms as scrutiny on anti-bribery compliance, especially for large multinationals, increases. Rwanda may prove especially attractive to small and medium-sized enterprises (SMEs) that are more cost conscious than multinationals.

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