Import Base and Revenue Improvement Possibilities in Tanzania
Journal Title: Academic Journal of Economic Studies - Year 2018, Vol 4, Issue 1
Abstract
This paper analyzes buoyancy and elasticity estimates of different tax items on import base. Using the Divisia Index approach, the buoyancy estimates have been used to estimate elasticity estimates. The findings reveal positive buoyancy and elasticity estimates. Since the Divisia Index values are positive but less than unit, their logarithm values are negative, making the discretionary portion of the buoyancy estimate to be negative. The negative discretionary portion of the buoyancy estimates resulted into higher values of elasticity compared to buoyancy estimates. The government should broaden the tax base, reduce tax rates and reduce tax exemption in order to improve revenue collection without resorting to higher tax rates. With lower tax rates and higher penalties on tax evasion and tax avoidance, higher government revenue can be realized to meet growing government expenditure.
Authors and Affiliations
Fulgence Dominick Waryoba
Keywords
Related Articles
- EP ID EP267651
- DOI -
- Views 76
- Downloads 0
The Impact of Foreign Capital Inflows, Infrastructure and Role of Institutions on Economic Growth: An Error Correction Model
This study investigates the impact of foreign capital inflows, corruption, and infrastructure on economic growth among ECOWAS members over the period 1980 to 2016. We adopt the Two-Gap model and using ECM method. The emp...
The Dilemma of the Oil Market in the Current Geopolitical Context
In an increasingly globalized world, where the effects of technology have an overwhelming impact on people's lives, meaning an increase in appetite for consumption of luxury goods, of lifestyle, it seems that conventiona...
The Impact of Corporate Income Tax on Wages and Employment
This paper is focused on impact of corporate tax on wages and the number of employees. Since the main goal of businesses is profit and because wages are part of the costs it’s important to understand if businesses try to...
The Impact of IFRS 16 on the Companies’ Key Performance Indicators: Limits, Advantages and Drawbacks
This article focuses on the impact of the new standard IFRS 16 Leases on the companies’ key performance indicators. The magnitude of this impact could be said to change depending on the usage density of the lease in the...
Fossil Fuel Energy Consumption and CO2 Emissions in Nigeria
This study examined the influence of fossils fuel energy consumption, economic growth, financial development, and FDI in Nigeria. The study applies the ARDL technique over the period from 1981-2014. Result of the bound t...