Details

  • Type: Press release
  • Date: 6/29/2015

What State must do to achieve its revenue and growth objectives 

Will global tax trends impact on tax policies in East Africa? Tax policy is closely linked economic growth and any changes to the tax regime have an impact on a country’s economy.

The push to raise tax revenues is driven by growing pressure on public budgets in a tough economic climate and the need to reduce government deficits.

 

This, for any government, is a delicate balance between resource mobilisation required to finance expenditure without increasing the tax burden while also managing the national debt.

 

Global trends in tax policy and the international tax environment impact the strategies tax administrations use to protect their revenue bases. Also, the government, through tax agencies, seeks to promote a good and competitive investment climate. How well the government achieves these two, often disparate objectives is critical to the economy.