Abstract
The research aims to identify the impact of tax revenues on the growth of the gross domestic product (GDP) in Jordan during the period 2000-2018. The research reaches a set of results, which is that the greater the value of tax revenues by one unit, the greater the value of the GDP in Jordan by 7.257 units during the same period. There is also a positive effect of tax revenues on the growth and increase of the GDP in Jordan, however, there is no common integration between tax revenues and the GDP in Jordan. Moreover, there is a correction from the short term to the long term and there is an effect of the long-term correction of the relationship between tax revenues and the GDP during the study period. The study recommends the need to work to facilitate the procedures for individuals to pay taxes through modern technological means, work to develop and simplify tax services and raise the level of transparency in tax dealings with all individuals, the need to make amendments to the tax law in order to match the living conditions of individuals and achieve the highest efficiency in collecting due taxes, increasing tax exemptions that are offered to foreign investment to encourage them for investments in all economic, commercial, service and industrial fields in Jordan, working to diversify sources of income for the Jordanian economy and not to rely entirely on tax revenues as a primary source of income.
Highlights
All countries aim to increase the financial resources they obtain in order to adhere to the financial and public burdens and expenditures that they undertake in order to achieve the required economic and social development, and countries use all methods and means through which to increase revenues, and the most important of these methods is tax, since tax revenues are the most important sources of income in many countries of the world, especially in developing countries (Narayan, 2005)
There is a correction from the short term to the long term and there is an effect of the long-term correction of the relationship between tax revenues and the gross domestic product (GDP) during the study period
Jordan suffers from many financial problems and a continuous deficit in its budget, which has led to the need to work on finding ways through which to increase the revenues that the state obtains in order to reduce the deficit in the budget and tax revenues are the main source of income for the Jordanian government, which led to the necessity of work to improve the tax laws and
Summary
All countries aim to increase the financial resources they obtain in order to adhere to the financial and public burdens and expenditures that they undertake in order to achieve the required economic and social development, and countries use all methods and means through which to increase revenues, and the most important of these methods is tax, since tax revenues are the most important sources of income in many countries of the world, especially in developing countries (Narayan, 2005). The importance of the study is that it seeks to identify the impact of tax revenues on the growth of the gross domestic product in Jordan during the period (2000-2018), and it is one of the topics that has not been discussed significantly in scientific studies and research, which makes it one of the first studies and research dealt with this topic. The research aims to achieve a major goal, which is to study the effect of tax revenues on the growth of GDP in Jordan during the period (2000-2018) by achieving a set of sub-goals, namely: 1- Learn about research terminology and concepts related to the subject of study, 2- Study the development of tax revenues in Jordan during the study period, 3- Study the development of the gross domestic product in Jordan during the study period, 4- Reaching out to recommendations and proposals that can be used to achieve economic development in Jordan. Taxes: It is a monetary obligation imposed by the state on individuals compulsorily and without charge, according to the ability of the taxpayers to provide for the state's expenses and bear the financial burden (Ben Korda, 2017, p.6) Tax revenue: They are the revenues that the state obtains through its sovereignty over individuals and local and foreign public and private companies that operate within the state. (Nazmi, 2015, p.150) Gross domestic product (GDP): It is the monetary value of all final goods and services produced in an economy during a certain period of time, often a year. (Shawky, 2017, pp. 206-207)
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