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 84
- Downloads 0
Implementation of Resettlement Policy Strategies and Community Members’ Felt-Need in the Federal Capital Territory, Abuja, Nigeria
Over decades now, development-induced displacement and resettlement have taken place in the Federal Capital Territory, Abuja, Nigeria. To address the displacement and the resettlement problems, different resettlement pol...
Determinants of Foreign Direct Investments in Bulgaria and Romania in the Context of Recent Economic Crisis
The objective of this paper is to select some relevant macroeconomic determinants for foreign direct investment (FDI) in Bulgaria and Romania since the start of the recent economic crisis (2008-2015). Even if the economi...
Investigating the Effect of the Relationship Marketing Tactics on Customer’s Loyalty
The current study attempts to investigate the effect of the relationship marketing tactics on the customer’s loyalty. The present study has applied objective, is descriptive in nature, and is a survey. To analyze the dat...
The Relationship between Entrepreneur Orientation and Performance
The business world is very competitive due to changes that take place in the turbulent environment. For this reason, it is expected for small and medium enterprises to be entrepreneur oriented so has to meet up with the...
The Influence of Financial Education and Promotion towards Risk Perception of Students as Investors at University Investment Gallery
This research aims to: (1) identify the influence of financial education and promotion towards risk perception of students as stock investors at university investment galleries and (2) analyze the difference of promotion...