Access-for-all to financial services: Non-resources tax revenue-harnessing opportunities in developing countries

Compaoré, Ali

doi:10.1016/j.qref.2022.03.007

Cited by 7 publications

(15 citation statements)

References 77 publications

(69 reference statements)

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“…Similar findings were also found by Raouf (2022) which showed that countries with high financial inclusion had a more positive effect on tax revenues than countries with low financial inclusion, which is the opposite, where low financial inclusion has a negative effect on tax revenue with observations on 45 countries in Africa, Europe, and the Middle East. More specific findings regarding tax revenue and financial inclusion where tax revenue from natural resources is excluded (non-resource tax), the results are in line with previous findings where financial inclusion can generate higher non-resource tax revenue in 63 developing countries (Compaoré, 2022).…”

Section: Introductionsupporting

confidence: 89%

“…Research that specifically touches on the effect of financial inclusion on tax revenue is the research of Maherali (2017), Oz-Yalaman (2019), Al-Own & Bani-Khalid (2021), Oleschak (2021), Raouf (2022), andCompaoré (2022) although each of these studies has dimensions. There are different variables in determining the representation of financial inclusion variables, as revealed by Kabiru & Wan Ibrahim (2020) that there is no one variable that can definitely be the right proxy that can represent financial inclusion.…”

Section: Hypotheses Developmentmentioning

confidence: 99%

“…The result show that countries with high financial inclusion had a more positive effect on tax revenues than countries with low financial inclusion and on the other hand countries with low financial inclusion has a negative effect on tax revenue. While Compaoré (2022) used number of ATMs per 100, 000 adults to be the indicator of financial inclusion to be one of the determine variable that effect non-resource tax revenue. The findings of Compaoré (2022) are in line with previous findings where financial inclusion can generate higher non-resource tax revenue in 63 developing countries.…”

Section: Hypotheses Developmentmentioning

confidence: 99%

“…There are very scant studies in an effort to explore the effect of financial inclusion on tax revenue (Oz-Yalaman, 2019), (Al-Own & Bani-Khalid, 2021), (Raouf, 2022), (Compaoré, 2022). Utilizing data from the Global Financial Index Database, Oz-Yalaman (2019) found a positive and significant effect on tax revenue.…”

Section: Introductionmentioning

confidence: 99%

See 3 more Smart Citations

Islamic Banking Financial Inclusion and Tax Revenue in OIC Countries: To What Extent do They Correlate?

Nur

Febriyanti

Rusgianto

et al. 2022

Shirkah

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Tax revenue of Organization of Islamic Cooperation (henceforth OIC) countries has not reached the global average, and so has the financial inclusion. Notwithstanding this fact, few researchers have addressed the effect of financial inclusion on tax revenue in the context of Islamic finance while it is undeniably having significant connection to the real sector. Drawing on this crucial issue, the present study calls into the possible effect of Islamic banking financial inclusion on tax revenue in eleven countries of OIC membership consisting of Indonesia, Jordan, Kazakhstan, Kuwait, Malaysia, Nigeria, Oman, Pakistan, Saudi Arabia, Turkey, and the United Arab Emirates in the period of 2013 to 2019. The data were analyzed under the procedure of panel data regression using fixed effect model. The result depicted that Islamic banking financial inclusion, in terms of financial access and financial usage, had no significant effect on tax revenue of the OIC countries. This result is reasonable, since Islamic banking financial inclusion still requires massive promotion particularly by the OIC countries included in this study. Hence, this study leaves an implication for OIC countries to foster Islamic banking financial inclusion as a crucial effort to increase the tax revenue, in which Islamic banks play a promising role for sharia-compliance-based financial transactions in the recent years.

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Section: Introductionsupporting

confidence: 89%

Section: Hypotheses Developmentmentioning

confidence: 99%

Section: Hypotheses Developmentmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Islamic Banking Financial Inclusion and Tax Revenue in OIC Countries: To What Extent do They Correlate?

Nur

Febriyanti

Rusgianto

et al. 2022

Shirkah

View full text Add to dashboard Cite

show abstract

“…One current state revenue source is the tax sector (Fang et al, 2022;Kariyoto, 2012;Lin & Jia, 2019;Ndoricimpa, 2021). A developing country's taxes can provide advantages in recovering from the national economic crisis (Compaoré, 2022;Gavard et al, 2022;Matti et al, 2022). Tax is one of the main sources of revenue, which has a vital role for the state (Albram, 2016;Pohan, 2021;Setiowati et al, 2020).…”

Section: Introductionmentioning

confidence: 99%

Analysis of the Effectiveness of Taxpayer Data Security in Implementing Tax Obligations at the Directorate General of Taxes

Rulandari

Natision

Kommer

et al. 2022

JGPP

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Taxpayer data security in carrying out tax obligations at the Directorate General of Taxes has experienced several problems of taxpayer data leakage because the security system is still weak, so that it is infected with malware that is able to steal taxpayers' personal data. This study aims to evaluate the effectiveness of taxpayer data security in carrying out tax obligations with case studies at the Directorate General of Taxes, knowing the obstacles faced by the Directorate General of Taxes in building a taxpayer data security information system and analyzing the efforts made by the Directorate General of Taxes regarding the development taxpayer data security system in carrying out tax obligations. This study uses a descriptive qualitative approach. Data collection techniques through observation, interviews, and documentation studies as well as data analysis techniques using content analysis. The results of this study indicate that after the taxpayer data leak occurred, the Directorate General of Taxes carried out a comprehensive system improvement so that the level of taxpayer data security became better. The participation of taxpayers in using a strong username and password is an important factor that determines the taxpayer's own data. The Directorate General of Taxes seeks to improve the security system and provide socialization to taxpayers to always use usernames and passwords that are not easily guessed and to periodically change E-filing passwords.

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Effects of financial inclusion on tax revenue mobilization: Evidence from WAEMU countries

Chebochok,

Bayale

2023

African Development Review

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Financial inclusion remains at the heart of governments concerns. By creating favorable conditions for access to a diversified range of adapted financial products and services at affordable costs for the populations, financial inclusion generates important opportunities that could lead to increased tax revenue mobilization. This paper analyzes the effects of financial inclusion on tax revenue mobilization, using panel data from West African Economic and Monetary Union (WAEMU) countries over the period 2006–2019. The findings suggest that financial inclusion positively and significantly influences government's tax revenue. Moreover, by looking at the effects of disaggregated financial inclusion dimensions (access, use, and affordability) on various components of tax revenue, we find that the estimated coefficients on the subcomponents of financial inclusion are statistically significant. Results also indicate that the magnitude of effect of financial inclusion is higher on indirect taxes compared to direct tax revenues. This research recommends that policy‐makers should prioritize financial inclusion in their policies and development agenda through National Financial Inclusion Strategies (NFIS) because it can increase countries' resource mobilization and help them to build fiscal resilience.

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Access-for-all to financial services: Non-resources tax revenue-harnessing opportunities in developing countries

Cited by 7 publications

References 77 publications

Islamic Banking Financial Inclusion and Tax Revenue in OIC Countries: To What Extent do They Correlate?

Islamic Banking Financial Inclusion and Tax Revenue in OIC Countries: To What Extent do They Correlate?

Analysis of the Effectiveness of Taxpayer Data Security in Implementing Tax Obligations at the Directorate General of Taxes

Effects of financial inclusion on tax revenue mobilization: Evidence from WAEMU countries

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