Fiscal Architecture and Revenue Capacity in Kenya
Author | : |
Publisher | : |
Total Pages | : 82 |
Release | : 2004 |
Genre | : Fiscal policy |
ISBN | : |
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Author | : |
Publisher | : |
Total Pages | : 82 |
Release | : 2004 |
Genre | : Fiscal policy |
ISBN | : |
Author | : Masinde Muyundo |
Publisher | : GRIN Verlag |
Total Pages | : 91 |
Release | : 2012-08-23 |
Genre | : Business & Economics |
ISBN | : 3656262357 |
Research Paper (postgraduate) from the year 2012 in the subject Economics - Macro-economics, general, , language: English, abstract: The new world order is one where the flow of external resources especially to emerging economies such as Kenya is shrinking. Indeed, the recent recession in developed countries was a wakeup call to many that the expected resources could one day dry up. This is happening when the need for support is increasing, hence, the need to become self sustainable and to increase the level of resources that can be raised domestically. Domestic resource mobilization (DRM) refers to the savings and investment generated by households, domestic firms, and government. The need for African countries to mobilize domestic resources as a medium-to long-term goal is now widely accepted. In the past, Africa has been rated poorly as relates to saving and investment. A sustained increase in growth rates require higher level of savings and investment, as well as increased investment productivity. Developing countries and those in transition are at present confronting unsustainable fiscal deficits; unabated debt service charges and declining external assistance, seriously affecting their development process. Domestic tax revenues are the most sustainable source of financing for public expenditures in developing countries. The experience with domestic resource mobilization of developing countries over the last 25 years has been mixed. In countries such as Botswana, Israel, Kuwait and Seychelles, the central government revenue’s share in GDP has been more than 40 percent on average. The issue of tax compliance is extremely important both to those concerned with the key role increased tax yields can play in restoring macroeconomic balance and to those concerned with tax policy and its effects on the economy in general. However, the ability of developing countries’ governments to raise direct tax revenues is constrained by a number of external and internal factors. [...]
Author | : Stephen N. Karingi |
Publisher | : |
Total Pages | : 80 |
Release | : 2005 |
Genre | : Business & Economics |
ISBN | : |
Author | : Moses Kinyanjui Muriithi |
Publisher | : |
Total Pages | : 52 |
Release | : 2003 |
Genre | : Revenue |
ISBN | : |
Author | : Attiya Waris |
Publisher | : African Books Collective |
Total Pages | : 340 |
Release | : 2013-12-29 |
Genre | : Business & Economics |
ISBN | : 9966031480 |
Taxation is perceived by citizens as a compulsory contribution to the state yet, the legitimacy of the state rests on the publics acceptance of the states right to levy tax and redistribute it in such a manner as to promote the overall good of society. The modern developing state can be said to be facing a crisis of fiscal legitimacy, afflicted by poor governance, poor societal participation, corruption and a lack of accountability. This book investigates whether a possible remedy in averting the fiscal crisis is firstly, to re-establish a link between taxation and government expenditure in the developing state and to utilise human rights law, principles and policies to link tax revenue to expenditure through re-distribution. This thesis will consider whether human rights may be the tool or vehicle for citizens to assess fiscal allocations It analyses developing countries with reference to Brazil and India and more specifically Kenya.
Author | : Great Britain. Fiscal Commission for Kenya |
Publisher | : |
Total Pages | : 140 |
Release | : 1963 |
Genre | : Finance, Public |
ISBN | : |
Author | : John M. Mutua |
Publisher | : |
Total Pages | : 44 |
Release | : 2017 |
Genre | : Kenya |
ISBN | : |
Author | : Austine Nyanumba |
Publisher | : |
Total Pages | : 0 |
Release | : 2023 |
Genre | : |
ISBN | : |
Revenue is the lifeline of any economy. It is the lifeblood that flows through a nation's financial system, promoting expansion across the different industries that define the state of the Nation. Kenya's economic growth and source of revenue are both heavily dependent on taxation. The Kenyan government derives revenue from many taxes, including excise taxes, value added taxes, income taxes, customs duties, and other levies. The government organization in charge of tax administration and collection in Kenya is the Kenya Revenue Authority (KRA). The tax system in Kenya faces many difficulties that negatively affect revenue collection. Kenya has been implementing tax reform to increase the amount of tax revenue collected. Kenya's fiscal structures show that, despite reforms, government spending and revenue have remained constant, with expenditure constantly exceeding revenues. Large fiscal deficits caused by the disparity between revenues and expenses have forced Kenya to borrow money from abroad on an ongoing basis. To this end, this article provides broader perspectives on taxation in Kenya, establishes the challenges facing Kenya's tax system, tax reforms that Kenya has adopted both administrative and policy reforms and the future of taxation in Kenya. It shall further lay out a conclusion and recommendations on the same.
Author | : |
Publisher | : |
Total Pages | : 60 |
Release | : 2009 |
Genre | : Human rights |
ISBN | : |
Author | : |
Publisher | : |
Total Pages | : 0 |
Release | : |
Genre | : |
ISBN | : |
Taxation is perceived by citizens as a compulsory contribution to the state yet, the legitimacy of the state rests on the publics- acceptance of the state-s right to levy tax and redistribute it in such a manner as to promote the overall good of society. The modern developing state can be said to be facing a crisis of fiscal legitimacy, afflicted by poor governance, poor societal participation, corruption and a lack of accountability. This book investigates whether a possible remedy in averting the fiscal crisis is firstly, to re-establish a link between taxation and government expenditure in the developing state and to utilise human rights law, principles and policies to link tax revenue to expenditure through re-distribution. This thesis will consider whether human rights may be the tool or vehicle for citizens to assess fiscal allocations It analyses developing countries with reference to Brazil and India and more specifically Kenya.