scholarly journals A Performance Analysis of Nigerian Tax Objectives Actualization: Evidence of 2000 – 2012

2015 ◽  
Vol 1 (6) ◽  
pp. 88-100
Author(s):  
Ordu Promise A ◽  
Anele Clement A
Keyword(s):  
Performance Analysis ◽  
Gross Domestic Product ◽  
Final Stage ◽  
Tax Policy ◽  
Tax Incentives ◽  
Domestic Product ◽  
Tax Revenue ◽  
Revenue Generation ◽  
Tax Laws ◽  
Using Data

This paper examines the extent to which objectives set by government (Nigerian) on tax revenue generation are being achieved. In doing this, however, it critically evaluates the comprehensive tax policy – right from reforms to final stage, tax incentives and how they have or have not made the actualization of the policy easier. Furthermore, the paper also evaluates the adequacy of the relevant tax laws as well at its loopholes in the system. In addition, the revenue generated over the years is looked through. Using data of 12 years’ period (2000 -2012), the revenue generated is compared in relation to budget, actual and Gross Domestic Product (GDP) of the country. It concludes with suggestions/strategies of improvements in the system towards increasing tax revenue generated.

scholarly journals Estimating the Impact of Taxes on the Economic Growth in the United States

2017 ◽  
Vol 55 (4) ◽  
pp. 481-499 ◽  
Author(s):  
Branimir Kalaš ◽  
Vera Mirović ◽  
Jelena Andrašić
Keyword(s):  
Economic Growth ◽  
Social Security ◽  
Gross Domestic Product ◽  
Income Tax ◽  
Personal Income ◽  
Domestic Product ◽  
Tax Revenue ◽  
Personal Income Tax ◽  
Gross Domestic Product Growth ◽  
Social Security Contributions

AbstractIn a research paper, the authors provide an empirical approach to taxes and economic growth in the United States in the period 1996-2016. The basic goal is to explore how taxes affect economic growth. The subject of the research is measuring the effects of tax revenue growth and tax form as a personal income tax, corporate income tax and social security contributions on gross domestic product as a proxy for economic growth. Methodology framework includes several tests to clear the potential problem of heteroscedasticity, autocorrelation, multicollinearity and specification of the model. Based on diagnostic tests, a regression model is adequately created where fundamental econometric procedures are applied. Correlation matrix reflects a strong and positive relationship between tax revenue growth and corporate income tax on the one side and gross domestic product growth, on the another side. Also, personal income tax and social security contributions are weakly related to gross domestic product growth. The model shows a significant effect of tax revenue growth and social security contributions, while personal income tax and corporate income tax do not have a significant impact on gross domestic product growth. Interestingly, personal income tax as the main tax form in the tax structure of the United States has no significant impact on economic growth compared to social security contributions which percentage share is lesser.

scholarly journals Is Tourism and Energy Consumption Linked? Evidence from Australia

2021 ◽  
Vol 13 (19) ◽  
pp. 10800
Author(s):  
Avishek Khanal ◽  
Mohammad Mafizur Rahman ◽  
Rasheda Khanam ◽  
Eswaran Velayutham
Keyword(s):  
Energy Consumption ◽  
Gross Domestic Product ◽  
Financial Development ◽  
Primary Energy ◽  
Domestic Product ◽  
Development Indicators ◽  
Distributed Lag ◽  
Long Run ◽  
Using Data ◽  
Australian Bureau Of Statistics

Tourism contributes to the growth of an economy via earning foreign currencies and employment opportunities. However, tourism also contributes to greater energy consumption because of various tourist activities such as hotel accommodations and transportation. This study investigates the long-term cointegrating relationship between international tourist arrivals and primary energy consumption in Australia. In addition, the roles of gross domestic product, gross fixed capital formation, financial development, and total population on energy consumption are also examined. The study covered the last four decades (1976–2018) using data from the Australian Bureau of Statistics, BP Statistical Review, and the World Development Indicators. Augmented Dickey-Fuller, Phillips-Perron, Autoregressive distributed lag (ARDL) bound tests, Johansen and Juselius, Bayer-Hanck cointegration test, and several key diagnostic tests have been conducted to assess the relationship. The estimated results indicate that tourist arrivals, gross domestic product, and financial development have a significant long-run cointegrating relationship with energy consumption. Policy measures are suggested based on the findings of this study.

scholarly journals Revenue Productivity of the Tax System in Namibia: Tax Buoyancy Estimation Approach

2019 ◽  
Vol 11 (2(J)) ◽  
pp. 112-119
Author(s):  
A Shikongo ◽  
A Shikongo ◽  
O Kakujaha-Matundu ◽  
T Kaulihowa
Keyword(s):  
Gross Domestic Product ◽  
National Income ◽  
Domestic Product ◽  
Tax Revenue ◽  
Economic Activities ◽  
Tax System ◽  
Correction Model ◽  
Tax Rate ◽  
Revenue Collection ◽  
The Government

Buoyancy refers to how tax revenue responds to a gross domestic product without correcting for discretionary alterations in the tax system. The paper assessed the buoyancy of Namibia’s overall tax system in an attempt to measure the response of the tax system in entirety because of fluctuations in the national income and/or the deliberate act by the government to increase tax rate, reviewed tax code and tax machinery etc. The study employed the Engle-Granger approach to the error correction model to estimate the tax buoyancy for the period 2001 to 2014. The empirical findings from the study revealed that overall the Namibian tax system is income inelastic and not buoyant. This is confirmed by a low and negative value of 0.036 which is less than unit. Thus, the economy is not generating sufficient revenue both through discretionary tax measure and through the expansion in the economic activities. Therefore, the government need to introduce measures that will allow for more tax revenue collection to have a stable revenue base. This also means the government need to keep track of tax mobilization with growth in the gross domestic product as well as to ascertain taxes that are productive.

scholarly journals PENGARUH PENYALURAN DANA BANK KONVENSIONAL DAN BANK SYARIAH TERHADAP PRODUK DOMESTIK BRUTO DI INDONESIA

Media Ekonomi ◽  
2016 ◽  
Vol 24 (2) ◽  
pp. 127
Author(s):  
Sinta Rani Siti Sarah ◽  
Sumiyarti ,
Keyword(s):  
Linear Regression ◽  
Gross Domestic Product ◽  
Least Square Method ◽  
Least Square ◽  
Domestic Product ◽  
Islamic Banks ◽  
Ordinary Least Square ◽  
Analysis Technique ◽  
Using Data ◽  
Conventional Banks

<p><em>This study aims to analyse the distribution of Islamic banks and the distribution of conventional bank funds to the gross domestic product in Indonesia. The analysis was carried out using data scanned by the Central Statistics Agency (BPS) and Bank Indonesia for 2004: 01-2014: 04 period. The analysis technique used in this study was Multiple Linear Regression using the OLS (Ordinary Least Square) method. The results showed that the distribution of Islamic banks had a positive and not significant effect on the growth of Gross Domestic Product (GDP), while the distribution of funds from conventional banks and Islamic banks was significant towards Gross Domestic Product.</em></p>

scholarly journals Implications of Tax Revenue on Economy Growth in Nigeria

2019 ◽  
pp. 1-16
Keyword(s):  
Gross Domestic Product ◽  
Secondary Data ◽  
Domestic Product ◽  
Tax Revenue ◽  
Weak Correlation ◽  
Economy Growth ◽  
Specific Objective ◽  
Independent Variable ◽  
Social Amenities ◽  
The Relationship

The paper examined the implications of tax revenue on economy growth in Nigeria. The specific objective of this study is to examine the relationship between tax revenue and gross domestic product in Nigeria. Simple Regression was used to achieve the objective of this study. Secondary data will be sourced from International Monetary Fund’s Government Finance Statistics. It was revealed that there was a weak correlation between dependent and independent variable. It was also discovered that there was no significant relationship between tax revenue and gross domestic product in Nigeria. The study therefore recommends that Government should formulate policies that will minimize the volume of tax leakages in order to increase total tax revenue that will contribute positively to economic growth in Nigeria. The study also recommends that Government should always make sure that tax revenue is spent on social amenities and welfares of the Nigerian citizens.

scholarly journals STUDI FAKTOR-FAKTOR PEMOTIVASI MANAJEMEN MELAKUKAN TAX PLANNING

2017 ◽  
Vol 19 (3) ◽  
pp. 370
Author(s):  
Indrawati Indrawati ◽  
Gideon Setyo Budiwitaksono
Keyword(s):  
Tax Policy ◽  
Tax Planning ◽  
Tax Revenue ◽  
Tax Law ◽  
Tax Administration ◽  
Tax Laws ◽  
Potential Loss ◽  
The Government

Tujuan penelitian ini adalah untuk menguji pengaruh Kebijakan Pajak, Hukum Pajak, dan Administrasi Pajak Perencanaan Pajak. Sampel kami terdiri dari 20 Klien konsultan Pajak di Surabaya. Hasil penelitian ini menunjukkan bahwa kebijakan dan administrasi perpajakan bukan merupakan faktor yang dapat memotivasi manajemen untuk melakukan perencanaan pajak. Sementara undang-undang pajak merupakan faktor yang dapat memotivasi manajemen untuk melakukan perencanaan pajak. Penelitian ini menunjukkan kepada Pemerintah untuk menerbitkan peraturan pajak jelas dan tegas bahwa tidak ada potensi kerugian penerimaan pajak yang disebabkan oleh kesenjangan.The purpose of this study is to examine the influence of Tax Policy, Tax Law, and Tax Administration on Tax Planning. Our samples consist of 20 Tax Cosultant’s Clients in Surabaya.The Results of this study show that tax policy and tax administration is not a factor that can motivate management to perform tax planning. While the tax laws is a factor that can motivate management to perform tax planning. This research suggests to the Government to issue tax regulations clearly and unambiguously that there is no potential loss in tax revenue caused by the gap

scholarly journals ANALYSIS OF RELATIONSHIP AMONG FACTORS THAT INFLUENCE ATTITUDE TAX PAYER ON TAX PAYER COMPLIANCE

2013 ◽  
Vol 7 (1) ◽  
pp. 22
Author(s):  
Norbertus Purnomolastu
Keyword(s):  
Gross Domestic Product ◽  
Compliance Rate ◽  
Domestic Product ◽  
Tax Revenue ◽  
Ratio Increase ◽  
Compliance Level

The low tax ratio as comparison between tax revenue and gross domestic product rate of Indonesia compared with other countries indicated low tax payer compliance rate on compulsion to pay tax. The tax payer compliance level is influenced by factors of tax payer attitude and law supremacy. Stronger law supremacy will influence tax payer compliance and attitude in paying tax. The tax payer attitude is influenced by factors of service, socialization and law supremacy. Law supremacy can influence tax payer compliance in direct and indirect manner that in turn influence tax payer attitude and finally his/her compliance. By identifying the extent of socialization, service and law supremacy factors influence on tax payer attitude that will influence tax payer compliance it is expected to give benefit for stakeholder where in this case is taxation general directorate. By identifying which factor that has greaterinfluence it is expected to give more priority in performing influencing activities in improving tax revenue. Tax revenue improvement is expected to be able to improve tax ratio. Tax ratio increase is indication of increased tax payer compliance in performing his duty of paying tax.

scholarly journals Are there any turning points for external debt in Malaysia? Case of adaptive neuro-fuzzy inference systems model

2021 ◽  
Vol 10 (1) ◽  
Author(s):  
Abdul Aziz Bin Karia
Keyword(s):  
Gross Domestic Product ◽  
Fuzzy Inference ◽  
Turning Points ◽  
Government Expenditure ◽  
External Debt ◽  
Domestic Product ◽  
Tax Revenue ◽  
Domestic Saving ◽  
Inference System ◽  
Neuro Fuzzy

AbstractThis paper intends to investigate whether the turning points exist between tax revenue, gross domestic product, government expenditure, and gross domestic saving towards Malaysia’s total external debt. The researcher implements the adaptive neuro-fuzzy inference system model to forecast the total external debt in Malaysia. The total external debt prediction then projects the three-dimensional surface diagrams to depict whether the turning points exist among the variables. This study’s empirical finding reveals that the turning points are noticeable between the tax revenue, gross domestic product, and gross domestic saving toward external debt in Malaysia. However, government expenditure depicts a direct relationship with external debt. This finding demonstrates that the anomaly between the theories and scholarly activities. This study also recommends that the tax revenue be collected at maximum holding the government expenditure and gross domestic product are maximum statistics to reduce Malaysia’s external debt.

The impact of ethnic diversity on tourism revenue and tourist arrivals

2018 ◽  
Vol 24 (6) ◽  
pp. 753-761
Author(s):  
Sefa Awaworyi Churchill ◽  
Ahmed Salim Nuhu
Keyword(s):  
Gross Domestic Product ◽  
Ethnic Diversity ◽  
Domestic Product ◽  
Ethnic Fractionalization ◽  
Country Differences ◽  
Cross Country ◽  
Using Data ◽  
The Impact ◽  
Tourism Revenue

We address the question “can cross-country differences in ethnic diversity explain cross-country differences in tourism revenues and tourist arrivals?” Thus, using data from 141 countries, we examine the effects of ethnic diversity on tourism revenues and tourist arrivals. We measure ethnic diversity using indices of ethnic fractionalization and measure tourism revenue using total, direct and indirect tourism contributions to gross domestic product. We find detrimental effects of ethnic diversity. Our results are robust to alternative estimation approaches as well as alternative ways to measure ethnic diversity.

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