Taxation, economic growth and welfare in a low-income country

Krysovatyy, Andriy; Федосов, Віктор Михайлович; Tymchenko, Olena; Silchenko, Marina

doi:10.21003/ea.v181-04

Cited by 6 publications

(7 citation statements)

References 4 publications

(4 reference statements)

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“…АНАЛІЗ ОСТАННІХ ДОСЛІДЖЕНЬ І ПУБЛІКАЦІЙ Аспекти і особливості реалізації податкової реформи, а також методи вдосконалення фіскального адміністрування на етапі оптимізації умов ведення бізнесу в Україні, особливо в контексті стимулювання результативної діяльності суб'єктів середнього підприємництва досліджується багатьма вченими-економістами сучасності, зокрема такі, як А. Крисоватий, В. Федосов, О. Тимченко [1], В. Бабіченко [2], В. Опарін, Т. Пайєнтко [3], М. Крупка, Н. Демчишак, С. Брехов, О. Безкровний [4], М. Войнаренко, Л. Ємчук [5], О. Іванишина [6], Н. Фролова [7] та ін.…”

Section: постановка проблемиunclassified

“…Крисоватий, В. Федосов, О. Тимченко і М. Сільченко здійснюють аналіз взаємозалежності між податковими змінами та динамікою показників розвитку вітчизняного бізнесу. Науковцями було доведено, що зниження ставок податку на прибуток позитивно впливає на динаміку інвестицій, збільшення акцизних податків призводить до скорочення легального виробництва та збільшення тіньового сектора [1]. В. Федосов, О. Тимченко і В. Бабіченко аналізують ефективність податкових трансформацій на рівні національної економіки України.…”

Section: постановка проблемиunclassified

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The Impact of the New Tax Reform on the Prospects of the Functioning of Medium Enterprises

Скрипник¹,

Шепель²,

Степанова³

2021

Efektyvna Ekonomika

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Section: постановка проблемиunclassified

The Impact of the New Tax Reform on the Prospects of the Functioning of Medium Enterprises

Скрипник¹,

Шепель²,

Степанова³

2021

Efektyvna Ekonomika

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“…As much as investors are concerned about their cost of investment, corporations are similarly hesitant to extend their stock base if the tax implications of such expansion would have a significant impact on their profitability. Thus, a good tax system strives not only to upgrade the required cash for community disbursements but also to promote wealth distribution, economic equilibrium, and the allocation of resources, which should be essential for economic progress [1][2][3]. S. M. Nzotta [4] listed four essential trepidations that must be acknowledged in order for revenue system to thrive in any municipality.…”

Section: Introductionmentioning

confidence: 99%

Tax System and Equity Investment in a Growing Economy

Omodero

2024

jour

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The purpose of the study is to identify the impact of the tax system on investment in equity capital by analyzing the six types of taxes that affect the activities of firms. The data for the independent variables (tax classes in Nigeria) are obtained from the Federal Internal Revenue Service, while the data for the dependent variable (equity investment) are obtained from the Statistical Bulletin of the Central Bank of Nigeria. The necessary statistical methodologies are used to examine the impact of various tax classes on equity investment from 2011 to 2020. According to the research, capital gains tax and gas income tax have little effect on equity investment. The petroleum profit tax and corporate income tax have a considerable detrimental impact on equity investment. On the plus side, value added tax and education tax have a significant favorable impact on equity investment. These results are one-of-akind and precisely depict the genuine nature of the country’s tax system and its impact on investment. As a result, the research proposes a tax shift to lessen the tax burden on enterprises in order to stimulate equity investment, which will increase firms’ capital base for the purpose of business expansion and growth of the nation’s economic structure.

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“…Corporate and individual income taxes are two functional components of direct taxes, both of which are included in Nigeria's tax framework. Thus, a successful taxation system seeks not only to generate the necessary funds for government expenditure, but also to foster the redistribution of wealth, economic balance, priority setting, and should be needed for economic growth (Krysovatyy, Fedosov, Tymchenko, Silchenko, 2020;Omodero, Dandago, 2019;Stoilova, 2017). Personal income tax in Nigeria is a contribution from monthly salary and other revenue earned through a business venture.…”

Section: Introductionmentioning

confidence: 99%

The Effects of Corporate and Individual Income Taxes on A gricultural Development in Nigeria

Omodero

2022

Folia Oeconomica Stetinensia

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Research background: The contribution of Nigerian companies and personal income taxes to agricultural development must be assessed. Throughout the years, comparable studies have focused on general economic growth rather than a specific facet of the national economy. Agriculture ensures food safety, job creation, and industrialization, which is why government revenue should be reassigned to improve agricultural production. Purpose: The particular goal of this study is to investigate the extent to which corporate and individual income taxes influence agricultural growth in Nigeria. Research methodology: The data set for dependent and independent variables are collected from the Central Bank of Nigeria Statistical Bulletin and OECD accordingly. The reliant variable in the study is government investment in agriculture, while the independent variables are companies and individual income taxes. The data collected for this study is analyzed using a multiple regression analytical approach. Result: At the 1% level of significance, the results of the multiple regression analysis show that personal income tax has a significant and positive influence on agricultural development. Corporate tax does not have a significant impact on agriculture. This outcome could be attributed to the lack of government attention to agriculture as well as other Nigerian factors such as corruption and tax evasion. The research suggests that tax revenue should be collected more effectively and efficiently, and that tax resources be directed more toward sustainable agriculture. Novelty: This study is unique in that it is the first to examine the usefulness and application of corporation and individual income taxes to agricultural finance.

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Taxation, economic growth and welfare in a low-income country

Cited by 6 publications

References 4 publications

The Impact of the New Tax Reform on the Prospects of the Functioning of Medium Enterprises

The Impact of the New Tax Reform on the Prospects of the Functioning of Medium Enterprises

Tax System and Equity Investment in a Growing Economy

The Effects of Corporate and Individual Income Taxes on A gricultural Development in Nigeria

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