Tax revenues under World Religions: a Panel Analysis

The aim of paper is to investigate the impact of main world religions on collected tax revenues, using a panel-mode approach, with 123 countries, for the period 1996-2010. The paper extends the literature in the field showing how different dominant country religions influence the level of tax revenues, under an extended set of economic and sociopolitical control variables. The main finding reveals that collected tax revenues tend to increase only in the countries with dominant Buddhist religion.