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Regional Economic Integration in West AfricaTax Effort in ECOWAS Countries

Regional Economic Integration in West Africa: Tax Effort in ECOWAS Countries [Tax revenue mobilization is essential in the fiscal operations of every economy. The Economic Community of West African States (ECOWAS) therefore has a criterion on tax revenue under the convergence criteria of the ECOWAS Monetary Cooperation Programme (EMCP), which states that tax ratio (as a percentage of GDP) should be at least 20 %. Despite the different tax reforms in the various member states the satisfaction of this criterion remains a challenging one. The objective of this study is therefore to investigate the determinants of tax revenue and construct an index of tax effort in the various economies of the ECOWAS region. Such investigation provides information on those countries that are operating their tax systems below capacity and those that are operating above their tax potential given the nature of the economies, with a view to providing guiding principles for fiscal policy operations.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Regional Economic Integration in West AfricaTax Effort in ECOWAS Countries

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Publisher
Springer International Publishing
Copyright
© Springer International Publishing Switzerland 2014
ISBN
978-3-319-01281-0
Pages
137 –158
DOI
10.1007/978-3-319-01282-7_6
Publisher site
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Abstract

[Tax revenue mobilization is essential in the fiscal operations of every economy. The Economic Community of West African States (ECOWAS) therefore has a criterion on tax revenue under the convergence criteria of the ECOWAS Monetary Cooperation Programme (EMCP), which states that tax ratio (as a percentage of GDP) should be at least 20 %. Despite the different tax reforms in the various member states the satisfaction of this criterion remains a challenging one. The objective of this study is therefore to investigate the determinants of tax revenue and construct an index of tax effort in the various economies of the ECOWAS region. Such investigation provides information on those countries that are operating their tax systems below capacity and those that are operating above their tax potential given the nature of the economies, with a view to providing guiding principles for fiscal policy operations.]

Published: Oct 18, 2013

Keywords: Tax Efforts; Stochastic Frontier; ECOWAS

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