Abstract
The major development variables was checked by the effects of taxation by using linear regression, and looking at the results and their discussions it is very clearly observed by the researchers that increased tax collection will boost the inflation, means producers are shifting the burden of taxes on the consumers which is not a good sign for the smooth economic system, and tax collections are not purely concerned with the investment means investors are not looking for the tax shelter or rebate but only they are looking to the opportunities, and finally tax collection have negative impact on Un-employment rate, which states that improved tax collections are properly utilized in productive opportunities in the result un-employment rate is decreasing.
Highlights
This type of research is keen requirement of the economy of Pakistan especially for financial, public sectors; this research will help to policy makers in identifying the role of taxation in formulation of economic policies for Pakistan that will lead towards the economic growth which still policy makers are planning but difficult to achieve
Data was collected through secondary source of information from ministry of finance government of Pakistan and the economic development variables used as dependent variables for analysis are: (Investment, Inflation and Un-employment Rate) from 2000-01 to 2009-10 linear regression was applied to check the degree of association of variables by applying the diagnostic tests: Results and Discussions
By looking at the results model is not fit according to the value of coefficient of determination and tax collection id negatively related to the un-employment rate
Summary
This type of research is keen requirement of the economy of Pakistan especially for financial, public sectors; this research will help to policy makers in identifying the role of taxation in formulation of economic policies for Pakistan that will lead towards the economic growth which still policy makers are planning but difficult to achieve. In order to raise the tax income like a percentage of Gross Domestic Production, levy policy of Pakistan is primly focusing on buoyancy of tax system, in broadening the tax base, and distortions are trying to be reduced, and exemptions are phased out. These policies of government are purely in creation of job market, and human resource development in addressing the following areas: 1. There is progress in rules of law improvement in China but liberties and politicians are restricted (Qain & Wu, 2008)
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