Taxation and economic sophistication: Evidence from OECD countries

Λαπατίνας, Αθανάσιος; Kyriakou, Alexandra; Garas, Antonios

doi:10.1371/journal.pone.0213498

Cited by 26 publications

(30 citation statements)

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“…The regression result indicated a negative and significant relationship between the foreign direct investment other capital and the growth of the Nigeria economy. The results of this study corroborate the findings of [7] using a sample of 17 Organisation for Economic Co-operation (OECD countries the findings provide strong evidence that country's capital taxation policy has a negative and statistically strong impact on its productive structure.…”

Section: Discussing Of Findingssupporting

confidence: 85%

“…Hence high tax rates can make workers to reduce working hours, engage in less productive economic activities which can reduce economic growth. Government policies should be used to ensure that companies should continue to invest in the economy [7]. The relationship between taxes and economic growth is controversial, this is because of tax effect on the decisions made by individuals and firms as well as the direct influence of taxation on the economy as a whole [9].…”

Section: Introductionmentioning

confidence: 99%

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The Impact of Tax Collection and Incentives on Economic Growth: Evidence from Nigeria

Akanbi¹

2020

IJBER

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The debate on the effectiveness of taxation as an instrument for promoting economic growth remains inconclusive, as several studies have indicated mixed effect of taxation on economic growth. Against this background this study investigated the impact of tax collection and incentives on economic growth in Nigeria. Yearly data for the period 2010-2018 was collected from the Central Bank of Nigeria and Federal Inland Revenue Service. A multiple regression model was used, tax revenue was proxied by actual total tax collected, tax incentives was proxied by foreign direct investment equity and foreign direct investment other capital as independent variables. While economic growth was proxied by real gross domestic product (GDP) as the dependent variable. The data was tested for heteroscedasticity, multicollinearity and serial correlation to examine the robustness of the model. The findings revealed that there is a negative but insignificant relationship between tax revenue and economic growth. The findings also revealed that there is negative but insignificant relationship between and foreign direct investment equity and economic growth. While empirical results confirm that there is a negative and significant relationship between foreign direct investment other capital and economic growth. Given these findings, the study recommends the government to improve on the mechanisms for the collection of taxes to stimulate economic growth. Also, government should grant more incentives to sectors that drive growth, monitor such incentives gather relevant data of the actual amount of incentives relative to the economic growth in other evaluate the efficiency of tax incentives.

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Section: Discussing Of Findingssupporting

confidence: 85%

Section: Introductionmentioning

confidence: 99%

The Impact of Tax Collection and Incentives on Economic Growth: Evidence from Nigeria

Akanbi¹

2020

IJBER

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“…Local tax incentives are a stimulus to increase the productivity of goods and services. Tax incentives can play a role in increasing the economic sophistication of a country (Lapatinas et al, 2019). In other words, the modernization of a country's economy reflects the appropriate regional fiscal policies and tax structures.…”

Section: Lawsmentioning

confidence: 99%

Tax Facilities through Omnibus Law Taxation: A Canon Taxation Review

Fidiana

2021

pgr

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This research is a conceptual study to examine tax policy in the pandemic situation with a canon taxation perspective, namely equity, certainty, convenience, and efficiency. The study conducted by using a literature review concerning the role of Omnibus Law includes tax facilities to attract foreign investment underlining strengths and weaknesses. Data is obtained through secondary sources in the form of archival reports and previous research relevant to the research. Based on the analysis of literature studies, this research produces several things. First, the principle of equity is found in adjusting corporate tax rates. Associated with the aim of attracting foreign investment, the tariff adjustment policy naturally will not be realized in 2020, where traffic between countries is restricted to prevent the spread of Covid-19. Second, in the tax policy scheme of domestic tax subject reclassification, which includes more than 183 foreigners working in Indonesia, and Indonesian citizens living abroad over 183 days are classified as subject to foreign tax. Tax is imposed on foreigners only on income earned in Indonesia. This pattern fulfills certainty principles. Third, the regional tax incentive scheme is an instrument that ensures the certainty of regional investment in line with the principles of equity and convenience. Furthermore, local tax exemptions can lower the price of consumer goods in the regions, thereby increasing the purchasing power of the wider community, which was hampered by the pandemic. In this way, local taxes play a role in increasing regional competitiveness through public policies (tax incentives), to improve the welfare of people, especially those affected by the epidemic. Fourth, the tax holiday scheme encourages industrial growth in accordance with the principle of efficiency.

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“…Economies that rely less on capital relative to labour taxation tend to produce more sophisticated products, while those based more heavily on capital relative to labour taxation will produce simple products. The negative impact of taxation on economic complexity is stronger in the more developed economies [90].…”

Section: Institutional Factorsmentioning

confidence: 99%

Economic Complexity: A New Challenge for the Environment

Neagu

2021

Earth

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The present paper offers a view regarding the challenge induced in the environment by the productive structure of countries. Economic complexity, which links the productive structure of a country with its knowledge, labour, and sophistication, seems to raise new challenges for the environment’s preservation and quality. The debate on this linkage in existing literature is at a beginning, stimulating the mind of scholars, researchers, and policy makers. The relationship between economic complexity and the environment is multi-faced and creates unimagined challenges for humanity in its path toward social and economic progress. The paper reviews the main dimensions of the linkage between economic complexity and the environment, including moderating factors of this connection as they are reported in the existing literature.

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Taxation and economic sophistication: Evidence from OECD countries

Cited by 26 publications

References 50 publications

The Impact of Tax Collection and Incentives on Economic Growth: Evidence from Nigeria

The Impact of Tax Collection and Incentives on Economic Growth: Evidence from Nigeria

Tax Facilities through Omnibus Law Taxation: A Canon Taxation Review

Economic Complexity: A New Challenge for the Environment

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