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 89
- Downloads 0
Impact of Currency Union on Trade: Comparative Analysis of EMU and SACU - Gravity Model Approach
This study uses the augmented gravity model to establish the impact of two different currency unions namely SACU and EMU on bilateral trade. These countries are 5 members SACU and 11 members of EMU. We used the most rece...
The Fundamentals of a Business Model Based on Responsible Investments
The harmonization of profitability and social responsibility is possible under the adoption and practice conditions by the companies of some adequate business models. “Responsible profitability” must benefit as well of m...
Competition versus Efficiency: What Drives Banks’ Spreads in Italian Banking System?
Economists have long debated the relationships between market structure of banking sector and the profitability. General consensus asserts that more concentrated market is associated with higher profitability: banks with...
Education and Economic Growth: Is Tertiary Education for all Workers Optimal?
The main objective of this study is to find out if it is optimal to have tertiary level of education for all workers among OECD countries. The findings show that, although higher education level means higher economic gro...
The Forensic Accountants' Skills and Ethics on Fraud Prevention in the Nigerian Public Sector
The study investigates the required skills and ethics of the forensic accountant in preventing fraudulent practices in the Nigerian public sector. The primary source of data was utilized for data collection. Using the si...