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:	eng eng
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
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id	my-uum-etd.9562
record_format	uketd_dc
spelling	my-uum-etd.95622022-06-28T06:35:19Z Impact of taxation on economic growth in Asean countries 2021 Gajeintdran, Mathraveeran Abdul Rahman, Rusniza Tunku Puteri Intan Safinaz School of Accountancy (TISSA) Tunku Puteri Intan Safinaz School of Accountancy (TISSA) 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 https://etd.uum.edu.my/9562/ https://etd.uum.edu.my/9562/1/s826067_01.pdf text eng 2024-12-01 staffonly https://etd.uum.edu.my/9562/2/s826067_02.pdf text eng public other masters Universiti Utara Malaysia
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng
advisor	Abdul Rahman, Rusniza
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
qualification_name	other
qualification_level	Master's degree
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
granting_institution	Universiti Utara Malaysia
granting_department	Tunku Puteri Intan Safinaz School of Accountancy (TISSA)
publishDate	2021
url	https://etd.uum.edu.my/9562/1/s826067_01.pdf https://etd.uum.edu.my/9562/2/s826067_02.pdf
_version_	1747828623079899136

Impact of taxation on economic growth in Asean countries

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