The role of tax accounting as a tool in light of the problematic shadow economy in the Kingdom of Saudi Arabia

The increasing phenomenon of the shadow economy is progressing dramatically in the absence of State culture among officials, whether legislators or implementers, in the absence or ineffectiveness of an organized production sector. Non-compliance with tax accounting procedures is one of the first problems generated by the shadow economy and most difficult not to include it in national output. The lack of tax commitment in the shadow economy leads to an annual tax gap of billions of dollars, if there is no logical interest on the part of the taxing bodies in developing countries, and if domestic and international tax provisions and legislation are not amended to consider of these important economic developments, and how to keep up with this. The issue of the shadow economy is thorny, and the practical way to raise the revenue needed to finance government spending on the goods and services required by society lies in the local and international tax treatment at the technical and legislative levels. Consequently, the current tax systems and their related regulations must be prepared, whether at the technical or legislative level, especially in light of the flow rate of oil barrels and the alternative if it comes into force. The taxation processes allow time to study the tax accounting and tax and take what suits the Saudi environment from them - lessons for the Kingdom of Saudi Arabia, Critical terms for research/shadow economy, tax regulations and systems, tax gab, tax accounting.

ENHANCING TRACKING PRACTICES IN THE MALAYSIAN FREIGHT FORWARDING INDUSTRY

Freight forwarding is the movement of all intermodal commodities on behalf of shippers. Although the freight forwarding industry's contribution to a country's national output may not be as competitive as other sectors, the role that this industry plays in supporting an economy's activity cannot be underestimated. Furthermore, the stiff competition in the freight forwarding industry requires companies to continue to excel to survive and compete with the competitors. Thus, the purpose of this paper is to assess current literature and practices in the freight forwarding industry regarding tracking practices. Furthermore, it is expected that the documentation, freight readiness, route and technology capabilities will serve as a foundation for more effective operations and practices in Malaysia, ensuring the freight forwarding industry's sustainability. The study contributes to the body of knowledge on freight forwarding performance and can assist managers in reacting appropriately to create cost-effective logistic solutions.

Pengaruh Konsumsi Energi dan Deforestasi Terhadap Output Nasional Lima Negara Anggota ASEAN

The economic development aimed at improving people’s welfare often ignores the negative impact of the surrounding environment. The high use of energy aimed to increase the national income of the five ASEAN members hurts the environment by increasing CO2 levels in the air. This research aims to analyze the effect of CO2 emissions, coal consumption, electricity consumption and deforestation on national output in five ASEAN members. The variable used in this research is national output as the dependent variable and CO2 emissions, coal consumption, electricity consumption and deforestation as the independent variables. This research uses secondary data. The data is the panel data of five ASEAN members (Indonesia, Malaysia, Thailand, Philippines, Myanmar) from 2002 until 2018. The research method in this time is panel data regression, using Fixed Effect Model. This research shows that in five ASEAN members from 2002 until 2018, CO2 emissions harm national output, coal consumption, and electricity consumption positively affects national outcome, while deforestation does not affect national output.

Fiscal Transfers in the Spatial Economy

Many countries shift substantial public resources across jurisdictions to mitigate spatial economic disparities. We use a general equilibrium model with multiple asymmetric regions, labor mobility, and costly trade to carve out the aggregate implications of fiscal transfers. Calibrating the model for Germany, we find that transfers indeed deliver smaller disparities across regions. This comes at the cost of lower national output, however, because economic activity is diverted away from core cities and toward remote areas with low productivity. But despite this loss in output per capita by about 2 percent in our baseline specification, welfare still increases by 0.07 percent because the transfer scheme countervails overcongestion in large cities. If the optimal transfer regime was implemented, welfare would increase by 0.06 percent. (JEL H77, J61, R12, R13, R23)

Rent-seeking and asset-price inflation: a total-returns profile of economic polarization in America

This paper reconstructs the National Income and Product Accounts to add asset-price (‘capital’) gains to national income to derive a measure of total returns. It also treats rent-extraction as a charge against national income and GDP, not as a contribution to national output. Segregating the Finance, Insurance, and Real Estate sector from the rest of the private sector shows that most growth in wealth and income derives from rentier activities – from the dynamic of finance capitalism more than that of industrial capitalism.

National and subnational outcomes of waste management policies for 1718 municipalities in Japan: development of a bottom-up waste flow model and its application to a declining population through 2030

Japan has been promoting 3R (reduce, reuse, and recycle) policies for several decades, but the recycling rate of the whole country has leveled off, and more effective policies are needed. At the same time, municipalities have been implementing measures for municipal waste management considering their specific regional conditions, but the relationship between the municipalities’ policy inputs and national policy output is unclear, which causes difficulties in setting national targets and identifying effective policies. We, therefore, developed the Municipal Input and National Output Waste (MINOWA) model, which represents the municipal waste flows of all 1718 municipalities in Japan. The model enables users to establish various 3R measures at the municipal level and estimate their effects at the national level. Using the model, we estimated the flows under business-as-usual (BaU) and additional-measure scenarios that extended the use of conventional policies to 2030. The results revealed differences in the policy effects between areas with different populations. In addition, the results showed that the extension of conventional measures will be insufficient to achieve national goals. The developed model links municipal policies, regional characteristics, and national policy and goal-setting in an integrated framework, and supports ways to find more effective policies.

THE ROLE OF WORLD THE FIGHT AGAINST COVID-19

In under two decades, the world has encountered three flare-ups of fatal Coronaviruses, including the ongoing pandemic of Coronavirus Disease 2019 (COVID-19) in China. COVID-19 represented a crisis of worldwide concerns, and cases have been accounted for more than 200 nations/districts that came about in wellbeing, lives, and monetary misfortunes. China's financial development is anticipated to tumble to 5.6% this year, the International Monetary Fund (IMF) anticipated that arrangement venture and expense strategies to execute $3.3 trillion and contributes further $4.5 trillion. IMF conjectures develop from 3.7% of worldwide total national output (GDP) in 2019 to 9.9% in 2020. Gross domestic product proportion anticipated from 3.0% in 2019 to become 10.7% in 2020, the US proportion expected to increment from 5.8-15.7%. There is a desperate requirement for local and universal co-activity to stretch out hands to forestall further spreading of COVID-19. The IMF has reacted to the COVID emergency with exceptional speed and greatness of financial aid. This paper shows the response of the world against COVID-19. How the countries are helping each other to control the spread and discovering the cure of this virus. Asia has survived usefully and also defending the second wave of virus, but on the other hand, the Europe is the most infected region with the highest rate of death. Why Asia is near to win this fight with a stable economy, but the Europe is not, instead of this the economy is going to be crashed. These questions raises to the Economy, Behavior and...........

Austerity Effects on National Output and Income Inequality: A Systematic Literature Review

Fiscal sustainability issues over rising national debt concerns and the consequent expansionary fiscal retrenchment hypothesis has fuelled the contentious austerity vis-à-vis stimulus debate which has spawned a large empirical literature of conflicting findings on the economic effects of austerity – with particular emphasis revolving around equity and distributional issues. In this paper we attempt to summarise the growing literature on the recent developments regarding the theoretical as well as empirical approaches on national output and distributional aspects of austerity. By exploring the existing evidence in the literature on the effect of consolidation programs, we offer a more holistic overview of the subject matter through a synthesis of the extant literature and, by so doing, propose directions for future research pertinent to both academic researchers and policymakers.

Role of Governance in Debt-Growth Relationship: Evidence from Panel Data Estimations

This paper provides an empirical analysis of the relationship between debt and national output mediated by a measure of the quality of state governance. Using WGIs dataset of 106 countries for the period 1996–2015, the paper analyzes the mediated effect of governance on debt-growth relationship. For this purpose, we use the fixed effect (LSDV) and system GMM estimation technique in order to overcome the possible problem of endogeneity. Results show the non-linear pattern between public debt and economic growth via governance. Although, public debt has negative impact on economic growth, but the results are statistically positive and significant when public debt is interacted with governance, which confirms that governance is a channel by which public debt influences economic growth. Moreover, we calculate the threshold of governance which shows that the public debt has positive impact on economic growth when the governance level is higher than the threshold and adversely affects the economic growth in the case of low level of governance than threshold. Evidence from this study reveals the fact that governance plays a mediating role in debt-growth relationship as there is a pattern of complementarity between public debt and governance: the higher the level of governance, the lesser the adverse effect of public debt on economic growth.

Growth Econometrics

Growth econometrics is the application of statistical methods to the study of economic growth and levels of national output or income per head. Researchers often seek to understand why growth rates differ across countries. The field developed rapidly in the 1980s and 1990s, but the early work often proved fragile. Cross-section analyses are limited by the relatively small number of countries in the world and problems of endogeneity, parameter heterogeneity, model uncertainty, and cross-section error dependence. The long-term prospects look better for approaches using panel data. Overall, the quality of the evidence has improved over time, due to better measurement, more data, and new methods. As longer spans of data become available, the methods of growth econometrics will shed light on fundamental questions that are hard to answer any other way.