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The Effect of Economic Factors on the Tax Ratio in Trinidad and Tobago

Sookram, S., Saridakis, G. (2009) The Effect of Economic Factors on the Tax Ratio in Trinidad and Tobago. The Journal of Developing Areas, 42 (2). pp. 111-128. ISSN 0022-037X. (doi:10.1353/jda.0.0008) (The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided) (KAR id:66000)

The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided. (Contact us about this Publication)
Official URL
http://dx.doi.org/10.1353/jda.0.0008

Abstract

We focus on the potential economic factors of tax revenue in Trinidad and Tobago and present cointegration test statistics for a second order VAR(2) based on Johansen's maximum likelihood approach. Our results suggest a positive relationship between the level of income and the tax ratio and also that external debt and inflation impede the collection of taxes. Additionally, we find that the degree of openness exerts an insignificant impact on the tax ratio. Our study recommends potential areas that may be targeted in order to raise tax revenues and which may also raise the consciousness that tax reform is a very important subject matter.

Item Type: Article
DOI/Identification number: 10.1353/jda.0.0008
Subjects: H Social Sciences
H Social Sciences > H Social Sciences (General)
H Social Sciences > HF Commerce
Divisions: Divisions > Kent Business School - Division > Kent Business School (do not use)
Depositing User: George Saridakis
Date Deposited: 12 Feb 2018 14:43 UTC
Last Modified: 23 Feb 2021 04:10 UTC
Resource URI: https://kar.kent.ac.uk/id/eprint/66000 (The current URI for this page, for reference purposes)
Saridakis, G.: https://orcid.org/0000-0002-1313-3836
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