Role of Taxation Policies in Business Operations

Article

Open Access

Peer-reviewed

Role of Taxation Policies in Business Operations

Venkatesh S , Venkatesh S

DIP: 18.02.033/20251002

DOI: 10.25215/2455/1002033

Received: January 06, 2025; Revision Received: March 16, 2025; Accepted: June 18, 2025

Abstract

Taxes determine the operational modalities of business firms. Such policies determine the investment, pricing expansion and even the choice of location. A sound tax system can promote economic growth by promoting compliance, reducing uncertainty and providing incentives for innovation. To the contrary, a costly, cumbersome or opaque tax system is likely to lead to inefficiencies, higher operating expenses and tax avoidance behaviour. The paper considers how taxation affects business: both its direct effects, through for example corporate income tax, and its indirect effects including VAT, customs duties, and regulatory compliance. Other topics addressed in the analysis include tax credits, international tax implications and the changing digital economy’s impact on shaping tax strategies. By recognizing the bond between taxation and business dynamics, policymakers can pave the way to a supportive climate accommodating sustained business development.

Keywords

The author(s) appreciates all those who participated in the study and helped to facilitate the research process.

The author(s) declared no conflict of interest.

This is an Open Access Research distributed under the terms of the Creative Commons Attribution License (www.creativecommons.org/licenses/by/2.0), which permits unrestricted use, distribution, and reproduction in any Medium, provided the original work is properly cited.

Responding Author Information

Venkatesh S, Srinivasa G @ terryjfernandez07@gmail.com

Role of Taxation Policies in Business Operations

Total Download: 1 | Total View: 267

PlumX Matrix

Plum Analytics uses research metrics to help answer the questions and tell the stories about research. Research metrics that immediately measure awareness and interest give us new ways to uncover and tell the stories of research.

Dimensions Matrix

Dimensions is a next-generation linked research information system that makes it easier to find and access the most relevant information, analyze the academic and broader outcomes of research, and gather insights to inform future strategy. (digital science)

Article Overview

ISSN 2455-670X

DIP: 18.02.033/20251002

DOI: 10.25215/2455/1002033

Published in

Volume 10 Issue 2, April – June, 2025

1Downloads
0Citations
267Views
0Likes

[DISPLAY_ULTIMATE_SOCIAL_ICONS]

Navigations
References

Adeyemo, S., Johnson, T., & Lee, R. (2024). Combating counterfeit drugs in the U.S. pharmaceutical supply chain using IoT and blockchain technologies. Journal of Supply Chain Management & Innovation. (Forthcoming).

Anonymous. (2024). Secure pharmaceutical supply chain using blockchain in IoT cloud. International Journal of Computer Applications in Technology. (Forthcoming).

Bocek, T., Rodrigues, B. B., Strasser, T., & Stiller, B. (2017). Blockchains everywhere – a use-case of blockchains in the pharma supply-chain. IFIP/IEEE Symposium on Integrated Network and Service Management (IM), 772–777. https://doi.or‌g/10.2391‌9‌/‌INM.2017.7987376

Chen, X‌., Liu, C., Xu, Y., & Wang, S. (2022). IoT–blockchain-enabled pharmaceutical supply chain resilience in the post-pandemic era. Technological Forecasting and Social Change, 177, 121524. https://doi.org/10.1016/j.techfore.2022.121524

Lee, I., & Lee, K. (2015). The Internet of Things (IoT): Applications, investments, and challenges for enterprises. Business Horizons, 58(4), 431–440. https://doi.or‌g/10.101‌6‌/j‌.‌‌b‌ushor.2015.03.008

Ram Meenakshisundaram. (2017). IoT in pharmaceutical manufacturing. Pharma Manufacturing. Retrieved from https://www.pharma‌manufac‌turing.‌com/article‌s‌/2‌0‌1‌7‌‌‌/iot-in-pha‌rmaceuticalmanufacturing/

Scaccia, C. (2020). The pharmaceutical supply chain and the Internet of Things. Pharmaceutical Commerce. Retrieved from https://www.pharmac‌euticalcommerc‌e.‌co‌m

Surjandy, S., Siregar, H., & Mulia, D. (2020). Benefit and challenge of blockchain technology in pharmaceutical supply chain management. Journal of Physics: Conference Series, 1577(1), 012022. https://doi.org/10.1088/1742-6596/1577/1‌/01‌20‌2‌‌2

Takawira, F., Chikomba, S., & Dube, L. (2024). Emerging technologies in pharmaceutical supply chains: Challenges and opportunities under Industry 5.0. International Journal of Logistics Research and Applications. (Forthcoming).

Zhang, Y., & Sakurai, K. (2023). A hybrid framework of blockchain and IoT technology for pharmaceutical supply chain management: A systematic review. Computers in Industry, 144, 103760. https://doi.org/10.1016/j.compind.2023.103760