Value added tax (VAT) and Property taxes: Their Roles in Public Revenue Generation and Economic Impacts

Original Study

Open Access

Peer-reviewed

Value added tax (VAT) and Property taxes: Their Roles in Public Revenue Generation and Economic Impacts

Dr. Aashutosh Sharma

DIP: 18.02.17/20230804

DOI: 10.25215/2455/080417

Received: October 11, 2023; Revision Received: November 11, 2023; Accepted: December 21, 2023

Abstract

This study investigates the impact of Value Added Tax (VAT) and property taxes on public revenue generation and economic indicators in India over the past decade. Utilizing a mixed-methods approach, including quantitative analysis of government data and qualitative insights from expert interviews, the research reveals that VAT significantly influences total public revenue, with a 1% VAT increase leading to a substantial INR 11,080 rise in revenue. Property taxes exhibit varied relationships with GDP growth, investment levels, and employment rates. While property taxes do not significantly impact revenue, they interact differently with economic indicators. The study suggests enhancing VAT policies, optimizing property tax systems, and fostering investment to maximize tax revenues.

Keywords

The authors profoundly appreciate all the people who have successfully contributed to ensuring this paper in place. Their contributions are acknowledged however their names cannot be mentioned.

The author 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

Dr. Aashutosh Sharma @ ats15192@gmail.com

Value added tax (VAT) and Property taxes: Their Roles in Public Revenue Generation and Economic Impacts

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Article Overview

ISSN 2455-670X

DIP: 18.02.17/20230804

DOI: 10.25215/2455/080417

Published in

Volume 08 Issue 4, October-December, 2023

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References

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