|
Reforming tax polices and
revenue mobilization promotes a fiscal responsibility: A
study of East and West African states
T. Ghirmai Kefela
DTAG Inc. 2300 Airport Blvd. San Jose,
CA 95110, USA 95110, USA.
E-mail:
gtesfai@hotmail.com
,
Ghirmai.Kefela@DTAG.com
Accepted 7 September, 2009 |
|
The primary
objective of this paper is to prepare a case study on tax
policy reforms and its impact, with the specific objectives
of examining the main tax reforms of Ethiopia; Kenya, Uganda
and Ghana. It views tax policy from a variety view points,
which focuses on broad based of tax revenues and on
designing certain selected major taxes, This paper will
cover the theory of fiscal responsibilities under which the
government uses its revenue and expenditure programs to
produce desirable effects on national income, production and
practice of public finance. In most of the emerging or
developing countries one of the factors lacking the economic
growth is lacking of revenue to finance the economic
development. Highlighting tax revenue profile and
composition; and discussing major problems that could
prevent by implementing an effective tax polices in those
countries. There is a wide gap between total investment
needs and domestic resource mobilization (Sachs et al.,
2004). Sachs suggested that sub-Saharan Africa (SSA) would
need an additional ODA per year of about $25 billion to meet
the MDGs.
Key words: Fiscal adjustment, tax policies, resources mobilization,
domestic and foreign debt. |
