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Does the design of a tax matter for growth? Assembling a novel dataset for 30 OECD countriesover the 1970-2016 period, this paper examines whether the value added tax (VAT) may havedifferent effects on long-run growth depending on whether it is raised through the standard rateor through...
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Crucial to the economic growth and fiscal management of a nation is the balancing between expenditure and taxation to increase the welfare of its citizens. The implementation of a new taxation scheme to replace obsolete and less efficient one requires care analysis between the costs and benefits...
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In Developing countries like India, the taxation system is very crucial role in the development of revenues of the … country. But India tax system is difficult to understand and in fact for calculation too in case of both direct tax as well as … indirect tax. In order to overcome the problems of the government of India tries to simply the direct tax as well as indirect …
Persistent link: https://www.econbiz.de/10012951167
In Developing countries like India, the taxation system is very crucial role in the development of revenues of the … country. But India tax system is difficult to understand and in fact for calculation too in case of both direct tax as well as … indirect tax. In order to overcome the problems of the government of India tries to simply the direct tax as well as indirect …
Persistent link: https://www.econbiz.de/10012924437
India is notorious for its complex tax system. For new businesses and startups, it becomes impossible to navigate … indirect tax which was introduced in India on 1 July 2017 and was applicable throughout India which replaced multiple cascading … Chairman is the Finance Minister of India. Under GST, goods and services are taxed at the following rates, 0%, 5%, 12%, 18% and …
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measure of tax reform so far in India. The major aim of this paper is to evaluate the micro and macro impacts of the goods and … production sectors, growth of income and employment over time, the redistribution of income among households in India. While GST … reforms will improve specialization in productions of goods and services among the major economic sectors of India by removing …
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