Analysis of the Contribution of Tax to the Local Government Revenue Generation
Journal Title: International Journal of Business and Management Invention - Year 2018, Vol 7, Issue 4
Abstract
The study aimed to analyze the contribution of tax to the local government Revenue generation in Southern Ethiopia, Wolaita Zone. The study employed descriptive design which includes surveys and factfinding enquiry on tax trend, volume of volatility and major source of tax revenues. Taxation is intended at enhancing the revenue base of a nation through its contribution to the wealth of the economy. The total tax revenue for each year however differs, fluctuating from one year to another depending on how much each source adds to the total tax revenue. The contribution of each type of tax system is however dependent on many factors important among them are the economic situation of the time, government policies, emphasis effectiveness and reliability of the assessment collection system which all allows more tax revenue generation from one source than another. The financial impact of taxation to revenue Wolaita Zone, Southern Ethiopia, has been relatively about 65% each year. It was however discovered that this contribution is not the "optimal" and that a lot is still left to be desired about this contribution. The finding also shows that the volatility in ratio of tax to local revenue amounts 5.1%. Since direct tax is the significant source of the revenue structure of the study area it should be reshaped and need to respond to external economic, technological and demographic changes. This is the essence of analyzing tax contribution to revenue generation in Wolaita Zone Administration in Southern Ethiopia.
Authors and Affiliations
Mr. Bereket Sorsa, Dr. Durga Rao P. V.
Keywords
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