The IUP Journal of International Relations
Reforming the Indirect Tax Sector in Palestine: Justifications and Avenues
Article Details
| Pub. Date | : Apr, 2019 |
|---|---|
| Product Name | : The IUP Journal of Soft Skills |
| Product Type | : Article |
| Product Code | : IJIR21904 |
| Author Name | : Osayd Awawda |
| Availability | : YES |
| Subject/Domain | : Management |
| Download Format | : PDF Format |
| No. of Pages | : 19 |
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Abstract
This paper argues that the indirect tax system in the West Bank is incompatible with its actual economic needs such as self-independence and sustainable development in the industrial and agricultural sectors. It also argues that reforming the tax system in terms of efficiency, equity, simplicity, and sufficiency of revenue can make the West Bank economy less dependent on foreign donations and decrease the tax burden on Palestinians living there.
Description
Tax plays a significant role in all financial development strategies. It is the main source of revenue for governments in both developing and developed countries. The countries relatively rely on tax to cover their public services' expenditure, and to provide enough assistance for economic growth in the domestic sphere.
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