ANALYSIS OF BUOYANCY AND ELASTICITY OF INCOME TAXES IN KENYA

  • Type: Project
  • Department: Public Administration
  • Project ID: PUB1267
  • Access Fee: ₦5,000 ($14)
  • Pages: 65 Pages
  • Format: Microsoft Word
  • Views: 274
  • Report This work

For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

ABSTRACT

Kenya, just like many developing countries is currently confronted by huge fiscal deficits, declining external assistance and huge debt service charges that are adversely affecting the country’s development process. The tax revenue in Kenya keeps performing poorly and unsteadily. The revenue collected from tax does not match the target which creates budget deficits. Increased spending needs and weakening revenue-raising capacities have together created structural budget deficits that have in turn brought about fiscal crises whenever a recession hits. Therefore, of concern to policymakers is how Kenya can attain revenue stability and be able to sustain public expenditures. To do this, there was need to determine buoyancy and elasticity of income tax revenue. It analyzed the buoyancy and elasticity of corporate and personal income tax in Kenya. The study utilizeddata1963 to 2018.The study used ordinary least square regression model to estimate the coefficients. Adjusting data for discretionary changes determined the elasticity estimates. Specifically, the study established that, corporate income taxes are highly buoyant to changes in the national income. This being the position, it is important to understand this relationship as it has a potential of contributing significantly to government revenue. Also, the study noted that buoyancy of personal income taxes were less than one implying that these taxes are inelastic. It is necessary for the government to put in place guidelines that would widen the tax base. The government should for instance put up measures that can be implemented to ensure that all corporations pay taxes due to them without tax evasion. The government should also create an environment conducive enough to facilitate Gross Domestic Product growth. This way, it will be possible to raise more tax revenue.

ANALYSIS OF BUOYANCY AND ELASTICITY OF INCOME TAXES IN KENYA
For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

Share This
  • Type: Project
  • Department: Public Administration
  • Project ID: PUB1267
  • Access Fee: ₦5,000 ($14)
  • Pages: 65 Pages
  • Format: Microsoft Word
  • Views: 274
Payment Instruction
Bank payment for Nigerians, Make a payment of ₦ 5,000 to

Bank GTBANK
gtbank
Account Name Obiaks Business Venture
Account Number 0211074565

Bitcoin: Make a payment of 0.0005 to

Bitcoin(Btc)

btc wallet
Copy to clipboard Copy text

500
Leave a comment...

    Details

    Type Project
    Department Public Administration
    Project ID PUB1267
    Fee ₦5,000 ($14)
    No of Pages 65 Pages
    Format Microsoft Word

    Related Works

    CHAPTER ONE INTRODUCTION 1.1   BACKGROUND TO THE STUDY Issues of tax compliance have been a challenge for the successive government in Nigeria including various taxes on real estate property transaction. There are various taxes that apply to real... Continue Reading
    (A CASE STUDY OF SAPELE LOCAL GOVERNMENT AREA OF DELTA STATE) ABSTRACT This study was undertaken to find out income tax as a source of government revenue in Nigeria with a case study of Sapele Local Government Area of Delta State. The subjects were tax officials selected as... Continue Reading
    TABLE OF CONTENTS CHAPTER ONE 1.0       Introduction 1.2       Statement of problem/motivation 13        Aims and objectives 1.4       Scope of the study 1.5       Significance of the study 1.6       Definition of concepts CHAPTER TWO Literature Review CHAPTER THREE 3.0       Methodology 3.1      ... Continue Reading
    CHAPTER ONE INTRODUCTION           National income is the sum of the money value of all the commodities and services produced in a country within a particular period of time usually one year.           The question of how an economy grows could come to mind at this juncture.  It the amount of goods and services produced by an... Continue Reading
    ABSTRACT Developing countries have invested heavily in pursing policies and strategies to attract foreign direct investments to augment the existing capital stock. These efforts have seen a substantial increase in the flow of foreign direct investments to developing countries. For the last two decades foreign direct investments inflows in Kenya... Continue Reading
    (A CASE STUDY OF BOMADI LOCAL GOVERNMENT AREA) ABSTRACT The Critical Analysis of Personal Income Tax as a Tool for Economic Development, being a project topic, was discussed using Bomadi Local Government Area as a case study. The main objective of this project is to examine... Continue Reading
    TITLE PAGE . (A CASE STUDY OF NSIT-IBOM LGA AKWA-IBOM STATE)   CHAPTER ONE 1.0  INTRODUCTION Income and expenditures are the foundation of any viable business or economy, as the economy of the nation is a direct replica of the economies of its citizens.... Continue Reading
    ABSTRACT The study established the legal effectiveness of the electronic tax (e-tax) employed by the (URA) in collecting taxes. All the reforms in the Uganda's tax system were aimed at improving tax collections, administration, and above all e-tax. In a bid to improve e-tax, Uganda Revenue Authority decided to go online hence introducing the... Continue Reading
      (A CASE STUDY OF UNIVERSITY OF UYO TEACHING HOSPITAL)   CHAPTER ONE INTRODUCTION 1.1.   Background of the study Per capita income in Nigeria as we all know has a lot to do with the day to day live of Nigerians as it determines the quality of services rendered... Continue Reading
    ABSTRACT This study attempts to explore the impact of taxes on the dividend policy of Nigerian banks. T o do this, it tries to answer questions as to the actual relationship between taxation and dividend pay-out ratio. It also attempts to explore the possible impact of profits on the dividend pay-out and examines factors influencing dividend... Continue Reading
    Call Us
    whatsappWhatsApp Us