Besides, India, a member of both G-20 and Financial Action Task Force (FATF) requires aligning her tax principles with those followed and accepted internationally. India's low tax-to-GDP ratio was recognised as "central feature of India's fiscal problem". The pervasive structure of exemptions...
The bank approved 400 million U.S. dollars loan for the Federal Board of Revenue (FBR) to increase its tax to gross domestic product ratio from 13 percent to 17 percent and enhance the number of income tax return filers, among other reforms. "The project will assist in simplifying the tax...
As seen in the bottom right panel, there is also no change in ratio of taxable value added to total value added in the period around the e-invoicing reform. The two last columns in Table 1 examine the effect of e-invoicing on the number of workers employed by firms and on sales per ...
aChandana Chakraborty and Parantap Basu [2] used cointegration and error correction model to research on the relationship between India’s FDI inflow and economic growth. They thought: FDI and GDP exist long run equilibrium; the share of unit labor cost and import tax in revenue influences the...
Aggregateleveloftaxes Differencesbetweendeveloped countries(38%ofGDP)and developingcountries(18%ofGDP) Relationshipbetweentaxleveland percapitaincome Estimatesoftaxcapacity –HypotheticaltaxtoGDPratio –VATproductivity Taxrevenue(%ofGDP) 0 5 10 15 20 25 30 35 40 45 50 0500010000150002000025000300003500040000 ...
The process of validation of tax administration is ongoing in India.Another key objective of tax reform measures has been to increase total tax to GDP ratio as a means of achieving fiscal consolidation and improving resource allocation. GST, easier tax filing methodology and simpler tax structures ...