INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2456-4184 | Impact factor: 8.76 | ESTD Year: 2016
Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.76 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI)
Taxation is an essential tool for governments to raise revenue and fund public goods and services. However, the effect of taxation on economic growth has been a subject of ongoing debate in the field of economics. Some argue that high tax rates can stifle economic growth by reducing incentives to work, save, and invest, while others contend that taxes are necessary to fund public investments that can spur economic growth.
In this study, a comparative analysis of tax-to-GDP ratio, number of payments of taxes, rank in ease of payments, total tax rate is done to understand the tax structure of developed, developing and underdeveloped countries. Analyzing the data to infer how a efficient tax system should function to decrease a country's government borrowing by generating enough tax revenue. This study also delves into the challenges of taxation in a country.
Keywords:
Tax to GDP ratio, Analysis of tax structures, Efficient tax systems, Number of payments of tax, challenges of taxation
Cite Article:
"The effects of tax and taxation on economic growth", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.8, Issue 7, page no.b726-b743, July-2023, Available :http://www.ijnrd.org/papers/IJNRD2307182.pdf
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ISSN:
2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
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