EconPapers    
Economics at your fingertips  
 

Import Base and Revenue Improvement Possibilities in Tanzania

Fulgence Dominick Waryoba ()

Academic Journal of Economic Studies, 2018, vol. 4, issue 1, 21-28

Abstract: This paper analyzes buoyancy and elasticity estimates of different tax items on import base. Using the Divisia Index approach, the buoyancy estimates have been used to estimate elasticity estimates. The findings reveal positive buoyancy and elasticity estimates. Since the Divisia Index values are positive but less than unit, their logarithm values are negative, making the discretionary portion of the buoyancy estimate to be negative. The negative discretionary portion of the buoyancy estimates resulted into higher values of elasticity compared to buoyancy estimates. The government should broaden the tax base, reduce tax rates and reduce tax exemption in order to improve revenue collection without resorting to higher tax rates. With lower tax rates and higher penalties on tax evasion and tax avoidance, higher government revenue can be realized to meet growing government expenditure.

Keywords: Tax base; tax buoyancy; tax elasticity; Divisia index (search for similar items in EconPapers)
JEL-codes: H2 H21 H26 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://www.ajes.ro/wp-content/uploads/AJES_article_1_141.pdf (application/pdf)
http://www.ajes.ro/wp-content/uploads/AJES_article_1_141.pdf (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:khe:scajes:v:4:y:2018:i:1:p:21-28

Access Statistics for this article

More articles in Academic Journal of Economic Studies from Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest Contact information at EDIRC.
Series data maintained by Adi Sava ().

 
Page updated 2018-02-24
Handle: RePEc:khe:scajes:v:4:y:2018:i:1:p:21-28