scholarly journals Expected economic impacts of income tax in Saudi Arabia: Macroeconomic analysis: الآثار الاقتصادية المتوقعة لضريبة الدخل في المملكة العربية السعودية: دراسة تحليلية للاقتصاد الكلي

2021 ◽  
Vol 5 (21) ◽  
pp. 48-22
Author(s):  
Imtithal A. Althumairi Imtithal A. Althumairi
Keyword(s):  
Saudi Arabia ◽  
Income Tax ◽  
Tax Reform ◽  
Economic Welfare ◽  
Research Approach ◽  
Macroeconomic Analysis ◽  
Macroeconomic Indicators ◽  
Government Transfers ◽  
Oil Revenues ◽  
Positive Results

  The study aims to predict the macroeconomic effects of income tax in Saudi Arabia to diversify government income flows and increase non-oil government revenues. The research approach is based on using the dynamic general equilibrium model of the Saudi economy to achieve the results of simulating the scenario of applying income tax by 5% during the period (2020-2030). The results exhibit that income and profit tax reform showed positive results when transferring revenue through government transfers to households. A 5% income and profit tax are expected to improve GDP performance by 0.12%. Macroeconomic indicators, including consumption, investment, exports, and imports, are also improving slightly. Government revenues have enhanced due to the implementation of this scenario, and non-oil revenues are expected to increase from 370 billion Saudi riyals in 2020 to about 568 billion Saudi riyals in 2030. This will increase the contribution of non-oil revenues to total government revenues from 47% in 2020 to 57% in 2030. If income from income tax in the economy is transferred through government transfers to households, this will improve economic welfare.

scholarly journals The Impact of Big Data on Electronic Commerce in Profit Organisations in Saudi Arabia

2019 ◽  
Vol 10 (4) ◽  
pp. 106
Author(s):  
Bader A. Alyoubi
Keyword(s):  
Saudi Arabia ◽  
Big Data ◽  
Inventory Management ◽  
New Technologies ◽  
Predictive Analytics ◽  
Business Environment ◽  
Primary Data ◽  
Research Approach ◽  
Multiple Sources ◽  
The Impact

Big Data is gaining rapid popularity in e-commerce sector across the globe. There is a general consensus among experts that Saudi organisations are late in adopting new technologies. It is generally believed that the lack of research in latest technologies that are specific to Saudi Arabia that is culturally, socially, and economically different from the West, is one of the key factors for the delay in technology adoption in Saudi Arabia. Hence, to fill this gap to a certain extent and create awareness about Big Data technology, the primary goal of this research was to identify the impact of Big Data on e-commerce organisations in Saudi Arabia. Internet has changed the business environment of Saudi Arabia too. E-commerce is set for achieving new heights due to latest technological advancements. A qualitative research approach was used by conducting interviews with highly experienced professional to gather primary data. Using multiple sources of evidence, this research found out that traditional databases are not capable of handling massive data. Big Data is a promising technology that can be adopted by e-commerce companies in Saudi Arabia. Big Data’s predictive analytics will certainly help e-commerce companies to gain better insight of the consumer behaviour and thus offer customised products and services. The key finding of this research is that Big Data has a significant impact in e-commerce organisations in Saudi Arabia on various verticals like customer retention, inventory management, product customisation, and fraud detection.

The Effect of Tax Reform on the Dairy Farmer

1973 ◽  
Vol 2 (2) ◽  
pp. 80-88
Author(s):  
E.L. LaDue ◽  
W.R. Bryant
Keyword(s):  
Low Income ◽  
Income Tax ◽  
Tax Reform ◽  
Capital Gains ◽  
Dairy Farmer ◽  
Competitive Disadvantage ◽  
Tax Loss ◽  
Tax Accounting

Recent Congressional testimony has focused on the desirability of eliminating certain income tax “preferences” that are important in agriculture. Specifically, separate proposals have urged that capital gains treatment pertaining to livestock, vineyards and orchards be eliminated and that the cash method of tax accounting no longer be permitted. The justification for these proposals is based on the continued activity of wealthy individuals in tax loss or tax sheltered farming, despite provisions of the Tax Reform Act of 1969 to limit such ventures. Furthermore, it is argued that these tax preferences result in a greater subsidy to the high tax bracket individual than low tax bracket individual and thus place low income bonafide farmers at a competitive disadvantage which could force them out of business.

Legitimizing Transformation without Calling it Change:Tajdīd, Iṣlāḥ, and Saudi Arabia’s Place in the Contemporary World

2015 ◽  
Vol 2 (1-2) ◽  
pp. 55-70
Author(s):  
Sean Foley
Keyword(s):  
Saudi Arabia ◽  
Political System ◽  
New Technologies ◽  
Social Institutions ◽  
Advanced Technology ◽  
The West ◽  
Contemporary World ◽  
The People ◽  
Diverse Society ◽  
Oil Revenues

For decades, many scholars have contended that Saudi Arabia is a fixed political system, where a conservative monarchy uses advanced technology, oil revenues, and religion to dominate the people. Such a system is often portrayed as inherently unstable, a seemingly never-ending series of collisions between an unchanging traditional political structure seeking to hold on to power at any cost and a dynamic modernity—a view encapsulated in a phrase expressed at virtually every public discussion of the Kingdom in the West: ‘you must admit that Saudi Arabia must change’. Ironically this phrase confirms what this article argues is a secret to the success of Saudi Arabia in the contemporary era: the ability to legitimize transformation without calling it change. No society is static, including Saudi Arabia. Throughout the Kingdom’s history, the defining social institutions have repeatedly utilized Tajdīd (Revival) and Iṣlāḥ (Reform) to respond to new technologies and the changing expectations of a diverse society. While Muslim scholars are most often entrusted to arbitrate this process, ordinary Saudis use this process to guide their actions in the various social spaces they encounter both at home and abroad. Critically, this process reflects the response of King Abdulaziz and the founders of the third Saudi state in the early twentieth century to the factors that had brought down previous Saudi states in the nineteenth century.

scholarly journals Barriers to the Diffusion and Adoption of Green Buildings in Saudi Arabia

2015 ◽  
Vol 5 (4) ◽  
pp. 104 ◽  
Author(s):  
Ibrahim Mosly
Keyword(s):  
Saudi Arabia ◽  
Water Conservation ◽  
Green Building ◽  
Green Buildings ◽  
Government Policies ◽  
Research Approach ◽  
The Public ◽  
Environmental Disasters ◽  
The Us ◽  
And Diffusion

<p>Many countries around the globe have recently pursued sustainability. The public and governments are demanding sustainability due to worldwide environmental disasters caused by pollution and man-made activities that impact the ecological system. Green buildings represent a significant component of sustainability, as their construction is intended to reduce natural resources consumption through energy and water conservation. Saudi Arabia is one of the world’s richest countries, but its number of certified green buildings is notably low. In addition, all of these buildings are certified by the US Green Building Council LEED rating system and not by a national organization. It seems that numerous barriers exist, slowing the development and diffusion of green buildings in Saudi Arabia. Through a systematic qualitative research approach, this research aims to explore barriers to the diffusion and adoption of green buildings in Saudi Arabia, which will facilitate the development of green buildings in Saudi Arabia. This research concludes the identification of 14 green building barriers, with lack of skilled personal and unsupportive government policies and regulations being the most significant barriers.</p>

scholarly journals Evaluation the impact of the personal income tax reform in the Czech Republic in 2021 on effective tax rate and tax progressivity

2021 ◽  
Vol 7 (2) ◽  
pp. 134-145
Author(s):  
M. Krajňák ◽  
Keyword(s):  
Income Tax ◽  
Tax Reform ◽  
Personal Income ◽  
Personal Income Tax ◽  
Effective Tax Rate ◽  
Tax Base ◽  
Tax Rate ◽  
Tax Progressivity ◽  
The Impact ◽  
Income Tax Reform

Legislation governing personal income taxation is often subject to changes. A significant personal income tax reform was carried out in the Czech Republic in 2021. The reform implements a progressive tax rate, changes the way the tax base is determined, and increases the tax relief for the taxpayer. The aim of the article is to evaluate the impact of the personal income tax reform on the effective tax rate and tax progressivity. To that end, methods of regression analysis have been used. The source of information for analysis was the data published by the Czech Statistical Office. It was found that in 2021, in comparison with 2020, the tax burden represented in this study by the effective tax rate, in all cases became lower, approximately by 5%. The main reason for this decline is the adjustment of the method of construction of the tax base, which, for the first time in the history of the Income Tax Act, is gross wages. Until the end of 2020, the tax base was a super-gross wage, or the gross wage increased by social security contribution borne by the employer at his costs. The second factor that reduces the tax burden is a CZK 3,000 increase in the deduction per taxpayer per year. This fact increases the degree of tax progressivity, as confirmed by the results of the progressivity analysis and the regression analysis. The changes that have taken place in the personal income tax this year have a positive impact on the taxpayer, but from the point of view of the state, this reform has reduced the state budget revenues.

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