On Revenue Performance and Revenue-Income Stability in the Third World

Wilford, D. Sykes; Wilford, Walton T.

doi:10.1086/451036

Cited by 31 publications

(3 citation statements)

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“…They left room for future research in this area because they did not experimentally test certain taxpayers. (Butler, 1993) and (Wilford & Wilford, 1978) discovered results that were notable. (Evans, Carlon, & Massey, 2005) examined the tax compliance of small and medium-sized enterprises (SME) in Australia from a different angle.…”

Section: Tax Auditsmentioning

confidence: 99%

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A Scholarly Consideration on the Theories and Literature of Tax Reforms in Sierra Leone

Samuels,

Duramany-Lakkoh

2023

EJEFR

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This study examines how tax reforms have been implemented and how it has influenced Sierra Leone's ability to streamline fiscal structures. The topic of tax revenue mobilization is becoming more and more popular and crucial for emerging nations. The fiscal arrangement that exists between taxpayers and the current political administration is a fiduciary relationship that binds both parties to the right and obligation to effectively and efficiently mobilize revenues. The tax system in use has had a significant impact on government revenue since it allows for loopholes, dishonest tax authorities, inadequate data, and many other issues. This study also applauds the government for strengthening corporate tax authority plans and putting local restrictions on large corporations and foreign governments who conduct business in Sierra Leone. By doing this, taxpayers and tax authorities will be encouraged to be accountable, transparent, and compliant. Additionally, Sierra Leone's tax administration underwent a number of modifications between 2014 and 2019, although nothing is known about how well those reforms fared in terms of raising tax revenue. In fact, reform as a factor affecting tax collection has received little attention in the research on what motivates domestic resource mobilization. The paper evaluates whether reforms are crucial for raising tax revenue by taking into account various aspects of reforms in the tax administration, including tax-related reforms and reforms related to institutions, and using various econometric methods based on ordinary least squares, instrumental variable two-stage least squares, and iteratively reweighted least squares. According to the findings, tax reforms, institutional reforms, and all other reforms put together have greatly improved tax revenue performance. The main takeaway is that greater institutional and tax-related reforms are essential for sustainingly increasing tax revenue collection. JEL: E61, E62, P35 Article visualizations:<img src="/-counters-/soc/0057/a.php" alt="Hit counter" />

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Section: Tax Auditsmentioning

confidence: 99%

“…Indeed, a number of nations, like Sierra Leone, continue to face the pressing need to raise additional funds from their own tax bases. One of the most significant policies, according to (Wilford & Wilford, 1978), is that emerging countries must increasingly harness their own internal resources to assist economic growth.…”

Section: Introductionmentioning

confidence: 99%

A Scholarly Consideration on the Theories and Literature of Tax Reforms in Sierra Leone

Samuels,

Duramany-Lakkoh

2023

EJEFR

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“…One of the most important policy upon which most economists agree is that emerging nations must increasingly mobilize their own internal resources to provide economic growth. The most important instrument by which resources are marshaled is through the implementation of an effective tax policy [1].…”

Section: Introductionmentioning

confidence: 99%

Determinants of Tax Efficiency Perceptions by Domestic Taxpayers in Kenya: The Case of Nairobi

Mosomi¹

2015

IJEFM

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The study sought to investigate the determinants of tax efficiency perceptions by domestic taxpayers in Kenya with emphasis on Nairobi. To increase the amount of revenue, the government has in the recent past introduced excise duty on mobile money transfer, seen VAT bill passed and operationalized with campaigns to encourage Kenyans to pay taxes. The big issue in the study was that Kenya's tax system was characterized by low efficiency, high collection charges, waste of time for taxpayers and the staff, low amounts of taxes raised and deviation of optimum allocation of resources. The specific objectives for the study were to determine the effect of given factors on tax efficiency such as the digitization of tax records to ensure transparency and credibility of records; implementing integrated tax collection system to credibly consolidate revenues by various Kenya Revenue Authority agencies to ensure proper accounting for taxes raised by the agencies; organizational restructuring by increasing the number of offices and agents of tax collection to make it easy to collect taxes and embracing electronic payment methods to make it easy for taxpayers to make payments. To meet the research objectives, a descriptive research design was used to gather information on the understanding of tax, challenges encountered in paying and collecting taxes and ways of enhancing efficiency. A linear regression model was used together with SPSS software for data analysis giving t-statistic values of 4.527, 3.346, 8.159 and 8.086 for digitization, organization restructuring, electronic methods and integrated system respectively all of which were greater than two meaning that the variables were statistically significant in explaining tax efficiency. The coefficients for digitization, organization restructuring, electronic methods and integrated system were 0.297, 0.204, 0.348 and 0.302 respectively. All of them being positive meant that there was positive relationship between each independent variable and the dependent variable, tax efficiency. The study recommended that Kenya Revenue Authority should educate taxpayers on matters to do with Kenyan tax system; seek to raise more revenue from the informal sector; increase the number of tax collecting offices and agents in some specific areas that have income generating activities; simplify the electronic payment methods and implement an integrated tax system.

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The effects of tax instability on budgeting and financial management in developing countries

Duncombe

Schroeder

1988

International Journal of Public Administration

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On Revenue Performance and Revenue-Income Stability in the Third World

Cited by 31 publications

References 0 publications

A Scholarly Consideration on the Theories and Literature of Tax Reforms in Sierra Leone

A Scholarly Consideration on the Theories and Literature of Tax Reforms in Sierra Leone

Determinants of Tax Efficiency Perceptions by Domestic Taxpayers in Kenya: The Case of Nairobi

The effects of tax instability on budgeting and financial management in developing countries

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