Elasticity and Buoyancy of Tax Components and Tax Systems in Kenya
Abstract
This paper examines the elasticity and bouyancy of tax compnents and tax systems in Kenya using time series data. The data used was found to be non-stationary hence runing the first deference, the study found out that a decreasing proportion of incremental income was transferred to the government in the form of taxes, implying that the tax system was less buoyant, it was also found that a decreasing proportion of incremental income was transferred to the government in the form of tax revenues therefore implying that the tax systems in Kenya were inelastic over the study period. This study therefore recommend the reevaluation of the tax modernization strategies as well as streghtening the tax administrative mechanism.
Key words:- Tax, Elasticity, Bouyancy,GDP, Tax Modernization
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ISSN (Paper)2222-1697 ISSN (Online)2222-2847
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