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Impact of taxation on economic growth in Asean countries

Taxes affect the allocation of resources and often distort the economic growth. This study uses the ordinary correlation, cross country correlation, and least-squares regression analysis method to study the impact of direct tax and indirect tax on economic growth in Malaysia and some of neighbouring...

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Main Author: Gajeintdran, Mathraveeran
Format: Thesis
Language:English
English
Published: 2021
Subjects:
HJ4771.6 Income Tax. Tax Returns.
Online Access:https://etd.uum.edu.my/9562/1/s826067_01.pdf
https://etd.uum.edu.my/9562/2/s826067_02.pdf
https://etd.uum.edu.my/9562/
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spelling my.uum.etd.95622022-06-28T06:35:19Z https://etd.uum.edu.my/9562/ Impact of taxation on economic growth in Asean countries Gajeintdran, Mathraveeran HJ4771.6 Income Tax. Tax Returns. Taxes affect the allocation of resources and often distort the economic growth. This study uses the ordinary correlation, cross country correlation, and least-squares regression analysis method to study the impact of direct tax and indirect tax on economic growth in Malaysia and some of neighbouring countries such as Singapore, Thailand and Indonesia for the years of 2010 to 2019. The data was obtained from the World Bank website. Theoretically, tax collections generate the budgeted revenue and are used to regulate the economy. The result of statistical tests showed that tax has a positive impact on Malaysia’s economic growth. However, the impacts of types of tax i.e. direct tax and indirect tax on economic growth are different. The indirect tax especially Sales and Services Tax (SST)/ Goods and Services Tax (GST)/ Value Added Tax (VAT) positive influence and promote economic growth of Malaysia, Singapore, Thailand and Indonesia, while the impact of direct tax is visible for some cases. The result of this research shows the GST/SST/ VAT (TIND) explained 59.2% of the GDP in Malaysia; 92.8% of GDP Thailand; 98.7% of GDP Indonesia and 97.2% GDP Singapore. Indirectly its shows strong impact of taxation especially TIND on economic growth in all countries being studied. There is sufficient evidence to confirm that the indirect tax has a more positive impact than direct tax. 2021 Thesis NonPeerReviewed text en https://etd.uum.edu.my/9562/1/s826067_01.pdf text en https://etd.uum.edu.my/9562/2/s826067_02.pdf Gajeintdran, Mathraveeran (2021) Impact of taxation on economic growth in Asean countries. Masters thesis, Universiti Utara Malaysia.
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Electronic Theses
url_provider http://etd.uum.edu.my/
language English
English
topic HJ4771.6 Income Tax. Tax Returns.
spellingShingle HJ4771.6 Income Tax. Tax Returns.
Gajeintdran, Mathraveeran
Impact of taxation on economic growth in Asean countries
description Taxes affect the allocation of resources and often distort the economic growth. This study uses the ordinary correlation, cross country correlation, and least-squares regression analysis method to study the impact of direct tax and indirect tax on economic growth in Malaysia and some of neighbouring countries such as Singapore, Thailand and Indonesia for the years of 2010 to 2019. The data was obtained from the World Bank website. Theoretically, tax collections generate the budgeted revenue and are used to regulate the economy. The result of statistical tests showed that tax has a positive impact on Malaysia’s economic growth. However, the impacts of types of tax i.e. direct tax and indirect tax on economic growth are different. The indirect tax especially Sales and Services Tax (SST)/ Goods and Services Tax (GST)/ Value Added Tax (VAT) positive influence and promote economic growth of Malaysia, Singapore, Thailand and Indonesia, while the impact of direct tax is visible for some cases. The result of this research shows the GST/SST/ VAT (TIND) explained 59.2% of the GDP in Malaysia; 92.8% of GDP Thailand; 98.7% of GDP Indonesia and 97.2% GDP Singapore. Indirectly its shows strong impact of taxation especially TIND on economic growth in all countries being studied. There is sufficient evidence to confirm that the indirect tax has a more positive impact than direct tax.
format Thesis
author Gajeintdran, Mathraveeran
author_facet Gajeintdran, Mathraveeran
author_sort Gajeintdran, Mathraveeran
title Impact of taxation on economic growth in Asean countries
title_short Impact of taxation on economic growth in Asean countries
title_full Impact of taxation on economic growth in Asean countries
title_fullStr Impact of taxation on economic growth in Asean countries
title_full_unstemmed Impact of taxation on economic growth in Asean countries
title_sort impact of taxation on economic growth in asean countries
publishDate 2021
url https://etd.uum.edu.my/9562/1/s826067_01.pdf
https://etd.uum.edu.my/9562/2/s826067_02.pdf
https://etd.uum.edu.my/9562/
_version_ 1738513030542524416
score 13.211869

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