Stock Markets and Tax Revenue

Bojan Ilievski

Journal of Applied Finance & Banking, 2015, vol. 5, issue 3, 1

Abstract: Many developing countries struggle to raise taxes. The present work considers the financial sector – specifically the stock market sector – as a boon for tax revenue. Historically I find that higher stock market total value traded sectors are associated with more tax revenue. Using a panel data set of 96 countries over the period 1990-2008 I find that stock markets positively influence government’s ability to raise tax revenue.

Date: 2015
References: Add references at CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://www.scienpress.com/Upload/JAFB%2fVol%205_3_1.pdf (application/pdf)

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:spt:apfiba:v:5:y:2015:i:3:f:5_3_1

Access Statistics for this article

More articles in Journal of Applied Finance & Banking from SCIENPRESS Ltd
Bibliographic data for series maintained by Eleftherios Spyromitros-Xioufis ().