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The Multiple Dividends of Abolishing Statutory Tax Exemptions

African Journal of Finance and Management

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Field Value
 
Title The Multiple Dividends of Abolishing Statutory Tax Exemptions
 
Creator Mugoya, Patrick
 
Description This paper shows that the need to increase tax revenue in Tanzania is obvious and that this can be done through a base - broadening, marginal rate-reduction and simplification of tax reform. It argues that minimizing statutory exemptions shall, not only broaden the tax base, but also simplify the tax system, improve compliance and enhance transparency and good governance. Marginal rate-reduction in personal income tax as well as in the value added tax could be expected also to impact favourably on voluntary compliance and economic efficiency hence resulting into an even broader tax base in the future. The paper also builds a case for a more effective enforcement of the tax regime on employment income and a commitment to a consistent tax reform agenda so as to minimise the uncertainties in the existing tax policy stance.
(Af. J. of Finance and Management: 2003 11(2): 26-32)
 
Publisher Institute of Finance Management, 1999
 
Date 2003-02-01
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier https://www.ajol.info/index.php/ajfm/article/view/24283
10.4314/ajfm.v11i2.24283
 
Source African Journal of Finance and Management; Vol. 11 No. 2 (2003); 26-32
0856-6372
 
Language eng
 
Relation https://www.ajol.info/index.php/ajfm/article/view/24283/20377