Taxation and economic growth in kenya

9 billion in real terms from 1970 to 2010 through capital flight. Key words: Taxation revenue, economic growth taxation which will allow them to maximize their potential. What is the estimated tax from the Informal Economy? 5 Kenya is the economic, financial, and transport hub of East Africa. com Gemade, T. 29 September 2012 In this issue 1. In Kenya, the country lost US$ 4. 9% in 2017. Pg. I Professor of Accounting, Department of Accounting, Kogi State University, Anyigba, Nigeria. Among other things, taxation: Provides governments with the funding required to build the infrastructure on which economic development and growth are based;The most popular and commonly accepted principle of equity or justice in taxation is that citizens of a country should pay taxes to the government in accordance with their ability to pay. The economy is estimated to have expanded by 6. 25% (Economic Survey, 2012). The study found that there was a significant correlation between taxation and SMEs sector growth. 8% in 2018 and 4. In the last decade, the real GDP growth has averaged over 5%. The profitability and growth of SME can be assessed through the parameters of sales revenue, asset accumulation, and returns on capital, therefore it is important to find out the effect that taxation policy has on them. Introduction 2. growth through, for example, promoting small and medium sized enterprises (SMEs) and stimulating export activities. Email: stephenocheni@yahoo. growth effect. The Growth is supported by strong agricultural and manufacturing activities underpinned by favourable weather conditions, strong service sector, stable macroeconomic …Fiscal Policy and Capital Flight in Kenya Dianah Ngui Muchai and Joseph Muchai Abstract: Capital flight has been an issue of concern for Africa because it reduces the continent’s much needed investible funds. The study recommends that there be a friendly tax policy for all start up businesses preferably a tax holiday, or an introduction of a growth limit which can be said to …However, in the midst of harsh economic conditions such as crashing oil prices, rising exchange rates, drop in Naira value, the governments should be ready to develop a comprehensive tax structure or model that will grow, nurture and sustain its tax economic base so as to drive economic performance. Effects of Multiple Taxation on the Performance of Small and Medium Scale Business Enterprises in Benue State Ocheni, S. I Department of Accounting, Kogi State University, Anyigba, Nigeria. In Kenya, special economic zones referred to as Export Processing Zones (EPZs) are examples of how tax favours can be used to encourage private investment (Investment Promotion Centre, 2000; Wawire, 2000; Karingi, Kimenyi & Ndung’u, 2001). 2% in 2019 compared to 5. 2Informal sector and taxation 4. For instance, if the taxable capacity of a person A is greater than the person B, the former should be …. Informal sector and Taxation in Kenya THE BUDGET FOCUS A Publication of the IEA Budget Information Programme Issue No. It appears very reasonable and just that taxes should be levied on the basis of the taxable capacity of an individual. 1What is the size of the informal sector? 3

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