The Growth of Contractors in the Construction Industry: Implications for Tax Revenue

2000 ◽  
Vol 11 (1) ◽  
pp. 46-75 ◽  
Author(s):  
John Buchanan ◽  
Cameron Allan
Keyword(s):  
Special Reference ◽  
Construction Industry ◽  
Preliminary Investigation ◽  
Tax Revenue ◽  
Tax System ◽  
Future Of Work ◽  
Construction Contractor ◽  
Legal Structures ◽  
Taxation System ◽  
The Impact

This paper is a preliminary investigation of the impact of the changing legal structures of employment on the tax system and the tax system on the structure of jobs. This issue is explored with special reference to the growth of contractor employment in the Australian construction industry. The paper shows how tax liabilities for individuals can be halved where they are deemed to be contractors. The paper estimates that in the mid 1990s this resulted in the average construction contractor paying around $6,000 a year less than equivalent PAYE workers. Losses to tax revenue could, therefore, be up $2.2 billion annually. The paper concludes that more research is required into the nexus between tax and employment structures. This dynamic has major implications for the future of work as well as the taxation system.

scholarly journals The Tax Revenue in Iraq Between the Efficiency of Tax Administration and the Elements of the Success of the Tax System

2017 ◽  
Vol 1 (2) ◽  
pp. 53-73
Author(s):  
.Mohamed Helou Daoud Al-Khorsan ◽  
Hana Ali Hussein Al-Quraishi ◽  
Ziad Taher Mohamed Ali
Keyword(s):  
Fiscal Policy ◽  
Tax Revenue ◽  
Tax Administration ◽  
State Budget ◽  
Tax System ◽  
Economic Changes ◽  
Tax Revenues ◽  
Political Ideas ◽  
Modest Contribution ◽  
The Impact

There is growing interest by governments in different systems of government in which political ideas which it believes, taxes as instruments of fiscal policy, seeking to achieve through which political, social and economic goals as well as "financial targets, as the tax policy formulated objectives and plans its revenues consistently and harmony with the objectives of economic policy in general, In the context of the tax reform, different countries have resorted to the search for possible alternatives to maintain a financially, economically and socially effective fiscal policy. Iraq should not be different from these countries. It establishes a fiscal policy to achieve tax revenues by activating the role of the tax system to strengthen the budget in the light of economic changes and financial crises in recent years, The main reason for the need to activate the tax system in Iraq is the very modest contribution of tax revenues within the state budget, To address the reasons for the low contribution of tax revenues it is necessary to identify the elements of the success of the tax system and discuss the tax revenue in two aspects The level of general headquarters and branches on the one hand, and knowledge the facilities or obstacles which is provided by the tax system   to increase the proceeds of the receipt of the other, and finally reach the reform of the tax system, which we find an important requirement for the reform of the Iraqi financial and economic system in this time, In this context, the study deals with the tax revenues in Iraq as planned by the tax administration in accordance with the statistics of the tax administration and then identify the impact of the tax system in making the proceeds low for public revenues.

scholarly journals Impact of Capital Flight on Tax Revenue in Nigeria: A Co-integration Approach

2020 ◽  
Vol 11 (5) ◽  
pp. 141
Author(s):  
Damilola Felix Eluyela ◽  
Inemesit Bassey ◽  
Olufemi Adebayo Oladipo ◽  
Adekunle Emmanuel Adegboyegun ◽  
Abimbola Ademola ◽  
...  
Keyword(s):  
Secondary Data ◽  
Least Square ◽  
Capital Flight ◽  
Tax Revenue ◽  
National Bureau ◽  
Tax System ◽  
Positive Direction ◽  
Integration Test ◽  
Inland Revenue ◽  
The Impact

This study presents an empirical analysis of the impact of capital flight on tax revenue in Nigeria. We made use of secondary data collected from the Central Bank of Nigeria Statistical Bulletin of various issues, Federal Inland Revenue Services and National Bureau of Statistics. The empirical measurement covers the sample period between 1980 and 2015. An Ordinary Least Square, Augmented Dickey-Fuller unit root test, Error Correction Mechanism and Co-integration test was adopted in the study. The results revealed that the Gross Domestic Product has a significant effect in the positive direction, while capital flight and inflation rate have a significant effect in the negative direction. The study recommended that the Federal Inland Revenue System, the department saddled with the responsibility of tax collection, should review the tax system and policies with the aim of plugging loopholes in the existing tax system thereby preventing organizations from evading and avoiding taxes.

scholarly journals CONCEPTUAL BASIS OF TAX POLICY FORMATION IN THE GLOBALIZATION CONDITIONS

2020 ◽  
Vol 6 (2) ◽  
pp. 81-92 ◽  
Author(s):  
Svetlana Khalatur ◽  
Olena Trokhymets ◽  
Oleksandr Karamushka
Keyword(s):  
Tax Policy ◽  
Direct Investment ◽  
Capital Gains ◽  
Tax Revenue ◽  
The European Union ◽  
Tax System ◽  
Tax Rate ◽  
Capital Gains Taxes ◽  
The Impact ◽  
The Eu

The purpose of the article is to analyze the tax systems of the countries of the European Union and Ukraine, the impact of individual indicators of the tax system on the economies development, study the possibility of applying the accumulated experience. The subject-matter of the study is the methodological and conceptual foundations of the tax policy-making process of the EU and Ukraine. Methodology. Based on the analyzed scientific literature on tax policy formulation of countries, the methodological principles of this study provide for the joint application of a set of well-known general scientific and special methods of research in economics. In particular, the dialectical method, the method of scientific abstraction, the method of systematic analysis, economic and mathematical modeling were used. Results. The article analyzes the individual indicators of the tax system functioning of 28 countries of the European Union and Ukraine; and the impact of these indicators on the economy development. In particular, the following indicators were studied: customs and other import duties, firms expected to give gifts in meetings with tax officials; firms that do not report all sales for tax purposes; firms visited or required meetings with tax officials; labor tax and contributions; net taxes on products; other taxes; other taxes payable by businesses; profit tax; tax payments; tax revenue; taxes on exports; taxes on goods and services; taxes on income, profits and capital gains; taxes on income, profits and capital gains; taxes on international trade; time to prepare and pay taxes; total tax rate. The dependence of foreign direct investment on profit tax, tax revenue; taxes on income, profits and capital gains; time to prepare and pay taxes and total tax rate have been studied. The study shows that, on average, tax revenue affects foreign direct investment, net inflows with the same strength as time to prepare and pay taxes, but almost twice as much as taxes on income, profits and capital gains. Practical implications. The article contains a set of tools and rules for reviewing approaches, guidelines and criteria for the effectiveness of Ukraine's tax policy in line with the global development concept. Value / originality. The conceptual criteria for the formation and implementation of the tax policy of the state are determined, it is carried out the comparative analysis of the tax policy of Ukraine and the EU countries within the framework of the European economic integration, which occurs simultaneously with the globalization of the world economy.

scholarly journals TAX REVENUE AND ECONOMIC GROWTH NEXUS: EMPIRICAL EVIDENCE FROM THE NIGERIAN ECONOMY

2020 ◽  
Vol 4 (2) ◽  
Author(s):  
Olabode Agunbiade ◽  
Alesanmi Abraham Idebi
Keyword(s):  
Economic Growth ◽  
Decomposition Analysis ◽  
Variance Decomposition ◽  
Tax Revenue ◽  
Gdp Growth ◽  
Tax System ◽  
Variance Decomposition Analysis ◽  
The Impact ◽  
The Relationship ◽  
Direct Tax

<p>This paper examined the relationship between tax revenue and economic growth in Nigeria over 1981–2019 period, with special focus on Companies Income Tax, Value Added Tax and Petroleum Profits Tax. The data were sourced from the National Bureau of Statistics (NBS) and the Federal Inland Revenue Service (FIRS). The study employed the Vector Error Correction Model (VECM) to establish the nature and strength of the relationship between taxation and economic growth. The Johansen test of cointegration reveals that there is at least one cointegrating equation in the long-run between the variables. Granger causality test found a causal relationship among Real GDP and the different tax components. The impulse response functions and the variance decomposition analysis uphold the findings that the impact of the shock in the indirect tax (VAT) and direct tax (CIT and PPT) on GDP growth does not die out over the specified period under consideration. Variance decomposition analysis found that the effect of the shock to the direct tax (CIT and PPT) on GDP growth tends to be low, whereas the effect of the shock to the indirect tax (VAT) on GDP growth tends to be significant to increase over the period. Therefore, this study recommended that in order to expand tax revenue, there should be a broad base tax strategy, focusing on all key areas of the tax system with measurable outcomes. Emphasis should be on simplification of the tax system and ease of implementation with priority given to quick wins and low hanging fruits, while more challenging aspects should be deferred until positive results are being recorded. The regulatory authorities charged with the responsibility of collecting tax should further be strengthened to enforce compliance by taxpayers, among other recommendations.</p><p> </p><p><strong>JEL: </strong>C1, H20, H21</p>

scholarly journals THE IMPACT OF TAX SYSTEM ON GLOBAL COMPETITIVENESS. ANALYSIS ON THE LEVEL OF EUROPEAN UNION MEMBER STATES

2015 ◽  
Author(s):  
Brandusa Tudose ◽  
Constantin Strapuc
Keyword(s):  
European Union ◽  
Union Member ◽  
The European Union ◽  
Tax System ◽  
Member States ◽  
Tax Rate ◽  
Global Competitiveness ◽  
Taxation System ◽  
The Impact ◽  
European Union Member States

Summarizing the results of theoretical and empirical research, the paper aims to analyze the impact of tax system on global competitiveness through the following three variables: taxation on incentives to invest; total tax rate and taxation on incentives to work. Summarizing the analysis to the European Union member states, the paper presents rankings and provides interpretations for each case. Luxembourg is the country where there is registered: a) the biggest impact on competitiveness of tax policies supporting investment, b) the largest fiscal affordability (measured by GDP/capita and total tax rate) and c) the most generous labor taxation system in the EU. However, in the ranking realized based on the global competitiveness index Luxembourg ranks on the 22nd place, on the first place being Finland.

Agricultural Tax - Condition and Prospects

2013 ◽  
Vol 8 (2) ◽  
pp. 109-120
Author(s):  
Roman Kisiel ◽  
Katarzyna Idźkowska
Keyword(s):  
Statistical Data ◽  
Secondary Analysis ◽  
Tax Burden ◽  
Tax System ◽  
New Approach ◽  
Eu Member States ◽  
The Family ◽  
The Individual ◽  
Taxation System ◽  
The Impact

During the recent years the issues of taxation on the family agricultural farms has been neglected frequently. Currently, with the discussions pending in Poland on the planned changes in that area, the issues of taxation imposed on agricultural farming requires a new approach. The main aim of this paper is to analyze the actual tax burden on farms in Poland and to investigate the impact of agricultural tax on the formation of revenue of local government. However, an important is to consult opinions of the farmers about the individual tax burden farming structures as well as the entire system of taxation. It is important also to propose changes in the tax applied to the Polish agriculture. Suggested by farmers alternatives in the taxation of individual farms can be used as an attempt to adjust the tax system in our country, to the solutions applied in EU member states. The paper presents the analysis of the taxation on family agricultural farms in Poland with particular focus on the agricultural tax. For the purpose of evaluating the actual burdens to the farms resulting from that title and the analysis of the volume of tax revenues to the budgets of selected communes in 2010, the method of secondary analysis of statistical data originating from the commune administration offices situated in the area of Mazowieckie voivodship was applied. It was analyzed the budgetary resolutions and reports on their implementation in the surveyed municipalities. The authors conducted the study using a questionnaire interview. The studies encompassing 200 family agricultural farms aimed at obtaining the opinions from farmers concerning the taxation system in Poland and possibilities of introducing changes proposed by the State. 

The impact of the tax system on self‐employment in the British construction industry

2000 ◽  
Vol 21 (8) ◽  
pp. 596-614 ◽  
Author(s):  
Geoff Briscoe ◽  
Andrew Dainty ◽  
Sarah Millett
Keyword(s):  
Construction Industry ◽  
Tax System ◽  
Self Employment ◽  
The Impact

scholarly journals Reforms of Tax System in Vietnam in Response to International Integration Commitments until 2020

2015 ◽  
Vol 22 (02) ◽  
pp. 02-26
Author(s):  
Thanh Su Dinh ◽  
Trung Bui Thanh ◽  
Kien Tran Trung
Keyword(s):  
Tax Reform ◽  
Prime Minister ◽  
International Standards ◽  
Tax Revenue ◽  
System Reform ◽  
Tax Base ◽  
Tax System ◽  
International Integration ◽  
Reform Program ◽  
Taxation System

Vietnam’s taxation system has undergone fundamental reforms since the 1990s. Tax reform program of the 2000–2010 period was conducted successfully, putting in place a tax system appropriate to the market economy and necessary legal conditions for accession to the World Trade Organization and international integration. After over 20 years of tax reform, taxation capacity has been improved; raising tax revenue is comparable to economic and structural potentials of tax system. The Vietnamese Prime Minister ratified a tax system reform strategy for 2010–2020 with ambitious target of tax revenue at 23–24% of GDP. The present study finds that raising tax revenue size is of no benefit to economic growth. Therefore, by 2020, Vietnam will have overcome several challenges in the process of tax reform such as broadening the tax base, simplifying the tax administration according to international standards, and harmonizing tax system grounds between ASEAN members.

scholarly journals DEVELOPMENT AND IMPLEMENTATION OF METHODOLOGICAL APPROACH TO SUBSTANTIATION OF ECONOMIC AND CADASTRAL VALUE OF COMPLEXCOAL DEPOSITS

2021 ◽  
Vol 1 (37(64)) ◽  
pp. 57-60
Author(s):  
L. Shulyatieva
Keyword(s):  
Coal Mining ◽  
Methodological Approach ◽  
The State ◽  
Tax Burden ◽  
Tax System ◽  
Mineral Extraction ◽  
Geological Conditions ◽  
Mining Complex ◽  
Taxation System ◽  
The Impact

The results of the analysis of the state and the problems of development of the coal mining complex of Russia are given. The analysis of the state of the taxation system of coal mining. The urgency of the problem and the need to link the interests of mining enterprises and the formation of the tax burden on the tax on mineral extraction are substantiated. A methodological approach is proposed to assess the impact of factors that complicate the development of reserves and affect the efficiency of their excavation and improvement of the tax system of coal mining in complex mining and geological conditions, designed to stimulate maximum involvement in the development of reserves within the mining branch of mines.

scholarly journals Comparative Review of Tax Systems in the Republic of Albania and Great Britain

2018 ◽  
Vol 4 (2) ◽  
pp. 166-170
Author(s):  
Henris Balliu
Keyword(s):  
United Kingdom ◽  
Great Britain ◽  
Central Government ◽  
Tax System ◽  
The United Kingdom ◽  
Comparative Review ◽  
The World ◽  
Tax Systems ◽  
Taxation System ◽  
The Impact

Abstract The taxation system is most certainly one of the main pillars of economic development towards sustainable growth.The aim of this paper is to critically assess the importance of an effective Tax System, its impact on the Albanian economy. Furthermore we shall outline a comparison of the Albanian Tax system to that of the United Kingdom. At this time a number of very important reforms are being undertaken by the government of Albania in light of future integration towards the European Union.The overview on the United Kingdom has the aim to enlighten the path on what should be our focus while building a Tax System that can help economic growth, to that effect Great Britain as a country of a stable and strong economy can be of example.Many differences can be noticed between the United Kingdom tax system and the Albanian one. This fact is simple to be accepted as Britain is one of the world superpowers, while the Albanian economy is a developing one. The tax systems in these two countries, the development history, application of VAT or Income Tax have had very different processions.The United Kingdom has one of the most voluminous Tax Acts in the world. The international company of legal research “LexisNexis” discovered that the Acts of Parliament on Taxation in the United Kingdom have more than doubled since 1997. The annual amendments to taxation are part of the Finance Act which has the power to change norms and principles of taxation as previously defined. Taxation in the United Kingdom usually includes payments for central government agencies called Her Majesty’s Revenues and Incomes and local councils. Local Councils collect a tax called business norms from businesses. The Albanian Taxation System consists of a packet of laws, regulations, guidance and tax agreements, on the procedure of application, measure, amendment and removal of taxes.Taxes are the main source of income in the state budget and the local government budget and the foundation of the whole Albanian tax system. In conclusion, we shall analyze the impact of the frequent changes to Taxation Law within the Albanian system and the challenges faced in light of this changes in terms of implementation and application.

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