Article ID Journal Published Year Pages File Type
5087356 Journal of Asian Economics 2013 11 Pages PDF
Abstract
► We examine the nexus between the financial system and tax revenue collection in Malaysia. ► We found that unidirectional causality running from stock market to direct tax revenue. ► The impact of the financial system on direct tax revenue is more profound in the short run than in the long run. ► Banking and non-banking financial activities play a vital role in determining direct tax revenue. ► Tax incentives contributed more towards increased revenue collection from stock market than corporate debt market.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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