Egypt is on track for IMF loan

2016 ◽  
Keyword(s):  
Saudi Arabia ◽  
Job Creation ◽  
Value Added ◽  
Value Added Tax ◽  
Content Type ◽  
A Value ◽  
Potential Benefits ◽  
Board Decision ◽  
The Government ◽  
The Way

Significance Cairo passed a value-added tax (VAT) law, a key prerequisite for the Fund, while China and Saudi Arabia have indicated that they will provide much of the required 5 billion-6 billion dollars in co-financing, paving the way for the board decision. Impacts The benefits of the reforms to be undertaken as part of the IMF programme will take time to become apparent. The main potential benefits are higher growth, lower fiscal and external deficits, more investment and increased job creation. There is a risk of inflation rising even higher, growth remaining sluggish and unemployment and poverty increasing. The negative aspects of the reforms could stoke further resentment at both the government and Sisi.

scholarly journals Gst impact on the e-commerce sector: an overview

2017 ◽  
Vol 7 (2) ◽  
pp. 245-249
Author(s):  
VIJAYA KUMAR K ◽  
JABIMOL C. MAITHEEN
Keyword(s):  
Value Added ◽  
Retail Sector ◽  
Tax Rates ◽  
Value Added Tax ◽  
Indian Government ◽  
Tax Base ◽  
Indian Economy ◽  
A Value ◽  
The Government ◽  
Retail Entrepreneurs

The success of the e-commerce sector is largely dependent on the increasingnumber of retail entrepreneurs, who fall in the unorganized retail sector category. Thegovernment has included such players in the ambit of GST with an intention of broadeningthe tax base and has introduced specific provisions for the e-commerce companies. This isone of the major taxation reforms in Indian taxation system.GST is to set to integrate all stateeconomies and increase the overall growth of the country.GST will create unified market andboost the Indian economy. The Goods and Service Tax (GST) is a value added tax to beimplemented in India.. There are 3 kinds of taxes under GST: 1) SGST 2) CGST 3) IGST.The GST tax rates are divided into 5 categories which are 0%, 5%, 12%, 18%, 20%.Implementation of GST is one of the best decision taken by the Indian Government. Thesuccess of the e-commerce sector is largely dependent on the increasing number of retailentrepreneurs, who fall in the unorganized retail sector category. The government hasintroduced such players in the ambit of GST with the intension of broadening the tax baseand has introduced specific provisions for the e-commerce companies. This paper focuses onthe concept of GST and their impact on E-Commerce

Government is unlikely to overhaul Poland’s tax regime

2021 ◽  
Keyword(s):  
Value Added ◽  
Disposable Income ◽  
Policy Preference ◽  
Corporate Taxes ◽  
Value Added Tax ◽  
Alternative Source ◽  
Content Type ◽  
Goods And Services ◽  
Indirect Taxes ◽  
The Government

Significance This continues the policy preference -- out of line with Poland’s peers -- for indirect taxes on goods and services, including a relatively high value-added tax (VAT) rate. The government says the sugar tax aims to curb rising obesity, but critics suspect it is a new way of raising revenue. Impacts Corporate taxes could be raised as an alternative source of revenue. Left unaddressed, the regressive trend in taxes and rising inequality may create an opening for the leftist Spring and Together parties. If UK taxes rise post-pandemic, the relative fall in disposable income could encourage Polish immigrants to return to Poland.

Costa Rica protests to hinder Alvarado’s reforms

2019 ◽  
Keyword(s):  
Costa Rica ◽  
Value Added ◽  
Social Spending ◽  
Fiscal Deficit ◽  
Value Added Tax ◽  
Content Type ◽  
Form Part ◽  
Evangelical Movement ◽  
The Government

Significance The demonstrations form part of a broader backlash against the government’s newly introduced value-added tax (VAT) and indicate the depth of popular feeling building against President Carlos Alvarado. Impacts The risk of watering down the new VAT regime will raise concerns among investors about the government’s commitment to fiscal rigour. Delaying VAT implementation would also force the government to cut social spending in order to hit its fiscal deficit goals. The evangelical movement will demonstrate its strength in further protests throughout Alvarado’s term.

What shapes Muslim business operators’ attitudes towards value-added tax? Evidence from the United Arab Emirates

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Mohd Ariff Kasim ◽  
Siti Rosmaini Mohd Hanafi ◽  
Norazah Mohd Suki
Keyword(s):  
United Arab Emirates ◽  
Structural Equation ◽  
Value Added ◽  
Value Added Tax ◽  
Theoretical Understanding ◽  
Content Type ◽  
Policies And Procedures ◽  
Implementation Period ◽  
Managerial Implications ◽  
The Government

Purpose This study aims to examine what factors shape Muslim business operators’ attitudes towards pre- and post-value-added tax (VAT) implementation in the United Arab Emirates (UAE). Design/methodology/approach A longitudinal approach is employed to collect data from a total of 200 respondents, during both the pre-VAT implementation period and the post-VAT implementation period. A partial least squares structural equation modelling approach was performed to analyse the research. Findings Empirical findings revealed that challenges in implementing the VAT system were the primary predictors of Muslim business operators’ attitudes regarding the pre-VAT implementation period in the UAE because they were aware that the penalties associated with non-compliance would outweigh the costs incurred in preparing for the VAT. During the post-VAT implementation period, awareness was the strongest influence on Muslim business operators’ attitude because there are no income taxes imposed on businesses and individuals in the UAE. Practical implications The introduction of VAT in the UAE ignited great controversy on the part of Muslim business operators, who viewed the new tax system as a significant challenge or risk to their careers, especially when they realised that they would have to play a significant role in tax collection. VAT registration should be required for all businesses regardless of size since they are going to be the tax agents for the government. Indeed, the government should finalize policies and procedures on the penalties for non-compliance since such legalities could greatly contribute towards the acceptance of VAT. Originality/value Challenges prompted Muslim business operators to become more knowledgeable about VAT, whereas also developing a greater awareness and sense of preparedness regarding the implications of the system on their businesses. This discovery has advanced the theoretical understanding of the topic and its managerial implications.

scholarly journals Justice Enforcement on Plans for Imposition of Value Added Tax on Premium Basic Necessities

2021 ◽  
Vol 6 (2) ◽  
pp. 127
Author(s):  
Ayu Putri Rainah Petung Banjaransari
Keyword(s):  
Research Method ◽  
Value Added ◽  
Public Welfare ◽  
Value Added Tax ◽  
Literature Study ◽  
State Revenue ◽  
A Value ◽  
Community Justice ◽  
The Government ◽  
The Relationship

The plan to impose a value added tax (hereinafter referred to as VAT) on basic commodities has recently caused a polemic between the government and the community regarding justice and public welfare. The community is questioning the implementation of a just and civilized welfare from the government for the imposition of the VAT. Previously, on basic commodities, the government did not charge any kind of tax at all. The imposition of this tax is motivated by the economic recovery during the COVID-19 pandemic, Indonesia's VAT rate is too low, and the structure of state revenue is dominated by VAT. This paper aims to provide an analysis of the relationship between the imposition of VAT on staple goods and their impact on the level of community justice. The method used in this paper is a qualitative research method with a normative-juridical approach which is carried out through a literature study. This paper describes the findings related to the reasons for the government to charge VAT on basic necessities and the protection of the community's right to justice on the imposition of VAT. This finding can provide an overview for the continuation of the revision of the draft Law Number 6 of 1983 concerning General Provisions and Tax Procedures (hereinafter referred to as the KUP Bill) which contains revisions on basic materials as objects of VAT.

Doha’s Gulf inclusion will fall short of full renewal

2019 ◽  
Keyword(s):  
Saudi Arabia ◽  
Middle East ◽  
United Arab Emirates ◽  
Strategic Alliance ◽  
Value Added ◽  
Value Added Tax ◽  
Content Type ◽  
The Us ◽  
Gulf States ◽  
Defence Cooperation

Significance The summit is the focus of rising speculation that the 30-month rift between Qatar and fellow GCC members Saudi Arabia, the United Arab Emirates (UAE) and Bahrain may be nearing an end. Security concerns after the September 14 attacks on Saudi oil installations attributed to Iran are motivating GCC rulers to de-escalate regional tensions. Impacts Improved relations may re-energise the regionwide implementation of value-added tax, originally planned for 2018. A GCC revival will strengthen but not transform defence cooperation, which continued under the US-led Middle East Strategic Alliance. Gulf states' concerns about Iran could also help to resolve aspects of the conflict in Yemen.

Graduates giving back – a mentoring program for MBA students

2015 ◽  
Vol 4 (3) ◽  
pp. 200-212 ◽  
Author(s):  
Ann Darwin
Keyword(s):  
Higher Education ◽  
South Australia ◽  
Value Added ◽  
Master Of Business Administration ◽  
Mentoring Program ◽  
Education Students ◽  
Content Type ◽  
Mba Students ◽  
A Value ◽  
The University

Purpose – The purpose of this paper is to discuss the challenges and obstacles encountered in the implementation of a mentoring program for Master of Business Administration (MBA) students at the University of South Australia (UniSA) Business School. The paper starts with an exploration into the need for a mentoring program, the trial and subsequent four years of implementation. The paper also explores the network model of mentoring and the reasons why this, rather than a more traditional model, was chosen for the program’s implementation. Design/methodology/approach – This exploratory case study uses data from over 600 students and their alumni mentors over a five-year period to evaluate and improve the program as well as cultivating a critical community of adult learners. Findings – Feedback from students indicates that the mentoring program is regarded by most as a value-added feature of their early learning as it offers support, if and when it is required, from those who have been there before. Research limitations/implications – Results are limited to one institution. However, as research into mentoring for higher education students is thin on the ground, this study contributes to our understanding of the positive impacts of mentoring on student success. Practical implications – This paper emphasizes the importance of business leaders giving back to their alma mater through mentoring current MBA students. It shows how mentoring can support learning and management development. Originality/value – This is an original study which explores ways to increase the learning of higher education students for positive social outcomes.

IS A VALUE ADDED TAX REGRESSIVE? ANNUAL VERSUS LIFETIME INCIDENCE MEASURES

1994 ◽  
Vol 47 (4) ◽  
pp. 731-746
Author(s):  
ERIK CASPERSEN ◽  
GILBERT METCALF
Keyword(s):  
Value Added ◽  
Value Added Tax ◽  
A Value

ADDRESSING THE REGRESSIVITY OF A VALUE-ADDED TAX

1989 ◽  
Vol 42 (3) ◽  
pp. 339-351
Author(s):  
GEORGE N. CARLSON ◽  
MELANIE K. PATRICK
Keyword(s):  
Value Added ◽  
Value Added Tax ◽  
A Value
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