scholarly journals Effectiveness of the Value Added Tax Exemption Policy on Gross Domestic Product in Selected ASEAN Countries Towards a Conducive Business Environment Model

2021 ◽  
Vol 1 (2) ◽  
pp. 01-17
Author(s):  
Atty. Prackie Jay T. Acaylar
Keyword(s):  
Growth Rate ◽  
Gross Domestic Product ◽  
Value Added ◽  
Business Environment ◽  
Domestic Product ◽  
Gdp Growth ◽  
Value Added Tax ◽  
Gdp Growth Rate ◽  
Exemption Policy ◽  
Asean Countries

Excessive exemption is detrimental to the effectiveness of the whole Value Added Tax system. This research is primarily focused on VAT exemption affecting the business industry as it influences the Gross Domestic Product of the three (3) selected ASEAN countries, namely, the Philippines, Indonesia, and Singapore. The result of the study showed a negative relationship between VAT exemption policy and GDP growth rate among the selected ASEAN economies. Although the VAT collections among the selected ASEAN countries are significantly increasing with the course of time, the results showed that as the number of VAT exemptions increases by one unit, the degree of growth of the GDP is expected to decrease at a rate of 0.900 units. Thus, a conducive business environment may be achieved by decreasing the number of VAT exemptions and, accordingly, increasing the GDP growth rate.

Analyzing and management of health care expenditure and gross domestic product (GDP) growth rate by adaptive neuro-fuzzy technique

2016 ◽  
Vol 64 ◽  
pp. 524-530 ◽  
Author(s):  
Igor Mladenović ◽  
Miloš Milovančević ◽  
Svetlana Sokolov Mladenović ◽  
Vladislav Marjanović ◽  
Biljana Petković
Keyword(s):  
Health Care ◽  
Growth Rate ◽  
Gross Domestic Product ◽  
Health Care Expenditure ◽  
Domestic Product ◽  
Gdp Growth ◽  
Gdp Growth Rate ◽  
Neuro Fuzzy

scholarly journals Analysis of the Impact of Exchange Rate, Inflation, Export and Import on Gross Domestic Product in Bangladesh

2019 ◽  
pp. 170-175
Author(s):  
Papi Halder
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Exchange Rate ◽  
Gross Domestic Product ◽  
Positive Impact ◽  
Domestic Product ◽  
Gdp Growth ◽  
Policy Makers ◽  
Gdp Growth Rate ◽  
The Impact

This study is about the impact of selected macroeconomic variables on economic growth of Bangladesh. Economic growth of Bangladesh is measured in terms of annual nominal GDP growth rate. Least squared regression model has been employed considering exchange rate, export, import and inflation rate as independent variables and gross domestic product as the dependent variable in this study. The results reveal that export and import have significant positive impact on GDP growth rate. The other variables (exchange rate and inflation) are not significant, indicating that there exists no significant relationship among the variables. The findings will help the policy makers to make policies concerning the country’s economic growth to remain robust in the near future.

scholarly journals VAT Gap Estimation and Influence of Selected Methods of Financial Administration on its Reduction

2021 ◽  
Vol 12 (1) ◽  
pp. 45-60
Author(s):  
Lukáš Moravec ◽  
Jana Hinke ◽  
Monika Borsiczká
Keyword(s):  
Czech Republic ◽  
Gross Domestic Product ◽  
Value Added ◽  
Domestic Product ◽  
National Accounts ◽  
Value Added Tax ◽  
The Czech Republic ◽  
Tax Gap ◽  
Tax Fraud ◽  
Financial Administration

Abstract The aim of this contribution is to quantify the influence of selected methods on elimination of value added tax gap in the Czech Republic within the researched period 2015–2016. To find a possible share of influence of the VAT control statement on tax fraud following priority methods were set: VAT control statement invitation, initiatives from pairing check reports, tax checking and procedures for doubt removal. By quantifying these methods, the values of theoretical benefits are measured and further compared with value added tax gap within the researched period. To set the VAT gap estimation a method was used that calculates via cleaning gross domestic product based on the database of national accounts. By using this approach it was found out that with the influence of selected methods of financial administration there was a tax gap decrease in 2015 by 5.54% and for 2016 by 4.00%.

scholarly journals TAXES TO DIGITAL BUSINESS IN MEXICO

2021 ◽  
Vol 33 (1) ◽  
pp. 245-255
Author(s):  
Germán Martínez-Prats
Keyword(s):  
Gross Domestic Product ◽  
Public Spending ◽  
Value Added ◽  
Domestic Product ◽  
Value Added Tax ◽  
Tax Collection ◽  
The Creation ◽  
Lodging Services

Tax collection is the pillar of public spending, which affects the execution of programs for the development of the country without the creation of new taxes, in accordance with this, in September 2019, was presented within the Package Fiscal 2020 the proposal to regularize the collection of value-added tax on products and services marketed online.In recent years, this type of trade has grown exponentially, representing 4.6% of Mexico’s gross domestic product, the tax referred to was already provided under our legislation, however, it was not Effectively regularized, the tax package proposal includes taxing services and goods, that is, platforms such as UBER, NETFLIX, UBER EATS, as well as those that offer lodging services in Mexico, are subject to the tax indicated. The purpose of this investigation is to determine the benefits and cons with respect to the aforementioned proposal, through the review of similar taxes in other countries, in order to analyze the behavior and contrast with the reform of said tax

Czech economy in 1998: risks and challenges

1998 ◽  
Vol 7 (2) ◽  
Author(s):  
Kamil Janáček ◽  
Martin Čihák ◽  
Marie Frýdmanová ◽  
Tomáš Holub ◽  
Eva Zamrazilová
Keyword(s):  
Growth Rate ◽  
Gross Domestic Product ◽  
Household Consumption ◽  
Fixed Capital ◽  
Domestic Product ◽  
Gdp Growth ◽  
Government Consumption ◽  
Fixed Capital Formation ◽  
Main Components ◽  
Double Digit

Characteristic for 1997 was a significant slowdown of Gross Domestic Product (GDP) growth: within the first three quarters, GDP grew by 1.1 %, and our estimate for the whole year is 1.4 %. At the same time 1997 was a turning year with respect to some components of Gross Domestic Product. The growth rate of household consumption decreased substantially (by almost one half). After three years of very dynamic, double-digit growth of gross fixed capital formation, in 1997 investment in fixed capital was falling (a decrease of almost 5%). Government consumption practically stagnated. Growing exports were among the main components of GDP growth, especially in the second halt of 1997.

scholarly journals The forecasts-based instrument rule and decision making. How closely interlinked? The case of Sweden

Equilibrium ◽  
2017 ◽  
Vol 12 (2) ◽  
pp. 295 ◽  
Author(s):  
Karolina Tura-Gawron
Keyword(s):  
Decision Making ◽  
Growth Rate ◽  
Central Bank ◽  
Inflation Rate ◽  
Value Added ◽  
Gdp Growth ◽  
Inflation Forecasts ◽  
Gdp Growth Rate ◽  
Central Paths ◽  
Repo Rate

Research background: The Central Bank of Sweden declared in years 1999–2006 the implementation of the Svensson’s concept of inflation forecast targeting (IFT). It means that the repo rate decision-making process depends on the inflation fore-casts. The concept evolved from the strict IFT with the decision-making algorithm called ‘the rule of thumb’ to the flexible IFT.Purpose of the article: The aim of the article is to: (1) analyze the influence of the inflation rate and GDP growth rate on the repo rate decisions, (2) analyze the influence of the inflation rate and GDP growth rate forecasts (in two year horizon) on the repo rate decisions in Sweden in years 1999–2006.Methods: The analysis encompasses the repo rates decisions, CPI inflation rate, GDP growth rate, central paths of CPI inflation forecasts and central paths of GDP growth rate forecasts (the mode values) in the two years horizon published by The Central Bank of Sweden in years 1999–2006. The studies are based on the Taylor-type instrument rule and forecast-based Taylor-type instrument rule. The methodology used is multiple linear regression models.Findings & Value added: The Central Bank of Sweden in years 1999–2006 implemented direct inflation forecast targeting (DIFT) rule. The decision-making algorithm was based on the CPI inflation forecasts and the rule of the thumb algorithm. The exact rule of the thumb was as follow: if the inflation forecast, in the two year forecast’s horizon exceeded the infla-tion target by 1 p.p., then the central bank raised the repo rate by 0.4 p.p; if it was below it, then the central bank reduced the repo rate by 0.4 p.p. If the inflation forecast was equal to the inflation target, then the repo rate remained unchanged. The historical repo rates differ from the theoretical estimated rule of the thumb’s repo rates by +/-0.28 p.p.

scholarly journals Determinants of Liquidity Management: Evidence from Nigerian Banking Sector

2021 ◽  
pp. 96-111
Author(s):  
Sunday Kajola ◽  
Wasiu Sanyaolu ◽  
Abdul-Azeez Alao ◽  
Ayorinde Babatolu
Keyword(s):  
Growth Rate ◽  
Significant Relationship ◽  
Fixed Effects ◽  
Inflation Rate ◽  
Business Environment ◽  
Sustainable Growth ◽  
Capital Adequacy ◽  
Gdp Growth ◽  
Liquidity Management ◽  
Gdp Growth Rate

The study examined the determinants of liquidity management in twelve Nigerian banks during 2009–2018. Liquidity ratio (LQR) and deposit to asset ratio (DAR) were used as surrogates for liquidity management. As the potential liquidity management determinant indicators, five bank-specific variables (capital adequacy, size, asset quality, profitability and deposit growth) and three macroeconomic variables (GDP growth rate, inflation rate and interest rate) were used as proxies. Results from balanced fixed effects least square regression analytical technique show that size, profitability, GDP growth rate and inflation rate are important liquidity determinants in Nigerian banks. Specifically, bank size has a positive and significant influence on LQR, while GDP growth rate and inflation rate exhibit a negative and significant relationship with LQR. It further reveals a positive and significant relationship between profitability (ROA) and DAR. It is recommended that banks’ management should focus attention on both bank-specific (size and profitability) and macroeconomic (GDP growth and inflation rate) factors when deciding appropriate liquidity management strategy to be adopted. These four variables have the capacity to influence the profitability, sustainable growth and survival of banks operating in a volatile business environment such as Nigeria.

scholarly journals Impact of Tax Revenue on Economic Development in Nigeria

2020 ◽  
Vol 13 (6) ◽  
pp. 1
Author(s):  
Uket E. Ewa ◽  
Wasiu A. Adesola ◽  
Etim N. Essien
Keyword(s):  
Economic Development ◽  
Gross Domestic Product ◽  
Income Tax ◽  
Value Added ◽  
Least Square ◽  
Domestic Product ◽  
Value Added Tax ◽  
Gross Domestic Product Growth ◽  
Petroleum Companies ◽  
The Impact

There has been conflicting preposition as to the extent of tax contribution to the development of Nigerian economy. This study is to determine the impact of taxation proceeds on the development of Nigerian economy. The study explored the impact of three tax income streams – Income tax from companies’ profits, income tax from petroleum companies profits  and Value Added Tax on economic development represented by Gross Domestic Product (at current basic prices) growth for the period 1994 to 2018. The study applied Ordinary Least Square statistical tool with the help of SPSS 20.0. The study revealed a positive relationship with a coefficient of determination of 99.2% of the variation in economic development attributable to the tax income streams studied. Also although the study revealed the existence of significant effect of taxes from companies’ profits and Value Added Tax on Gross Domestic Product Growth, there is little or no significant impact of taxes on profits of Petroleum companies on Gross Domestic Product growth in Nigeria due to restriction by Organization of Petroleum Exporting Countries production ceiling on Nigeria’s production/sales and the global price shocks of crude oil over the decade. Also the study revealed tax payers apathy to tax payment and presence of tax leakages due to corruption and administrative inefficiencies by the tax authorities.

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