Implementing Tax Reforms in the Country: Challenges and Prospects
Keywords:
Tax Reform, Fiscal Policy, Economic Growth, Tax System Modernization, Revenue Mobilization, Tax Evasion, Government Revenue, Progressive TaxationAbstract
Tax reforms play a crucial role in shaping a country’s economic growth and development. This study examines the implementation of tax reforms in the country, highlighting key challenges and potential outcomes. Using qualitative and quantitative data, the research identifies policy gaps and provides recommendations for improving tax efficiency and compliance. The findings suggest that structural adjustments, digitalization, and effective enforcement mechanisms are critical for successful tax reforms.
References
Books & Reports:
1. Bird, R. M., & Zolt, E. M. (2014). Tax Policy in Emerging Markets: Challenges and Opportunities. Cambridge University Press.
2. Tanzi, V. (2017). Government versus Markets: The Changing Economic Role of the State. Cambridge University Press.
3. James, S. (2015). The Economics of Taxation: Principles, Policy, and Practice. Springer.
4. OECD (2021). Tax Policy Reforms: OECD and Selected Partner Economies. OECD Publishing.
5. World Bank (2019). Global Taxation Trends and Reforms: A Comparative Perspective.
Journal Articles:
6. Keen, M., & Slemrod, J. (2021). "Optimal Taxation and Tax Reforms in Developing Economies." Journal of Public Economics, 196, 104-123.
7. Besley, T., & Persson, T. (2013). "Taxation and Development." Journal of Economic Literature, 51(2), 449-495.
8. Fossat, P., & Bua, M. (2013). "Tax Administration Reform in Developing Countries." IMF Working Paper No. 13/173.
9. Auerbach, A. J. (2018). "Tax Reform in the 21st Century." American Economic Review, 108(5), 1015-1052.
10. Sørensen, P. B. (2010). "Dual Income Taxation: Why and How?" CESifo Economic Studies, 56(3), 389-431.
Research Papers & Policy Documents:
11. International Monetary Fund (IMF) (2020). Tax Reform for Inclusive Growth: Policy Considerations for Developing Countries.
12. OECD (2018). Addressing the Tax Challenges of the Digital Economy.
13. World Bank (2022). Effective Taxation in Developing Countries: Lessons from Global Experience.
14. United Nations (2021). Taxation and Sustainable Development Goals (SDGs).
15. European Commission (2020). Tax Evasion and Compliance: A Global Perspective.