International Journal For Multidisciplinary Research
E-ISSN: 2582-2160
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A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal
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Volume 6 Issue 6
November-December 2024
Indexing Partners
Global Goods and Services Tax: A Macro-Economic Perspective
Author(s) | Varsha Rajkumar |
---|---|
Country | India |
Abstract | This article provides a comprehensive analysis of the global implementation of Goods and Services Tax (GST) to understand the diverse GST models adopted and examine their impact on key economic indicators. Through a detailed analysis of GST frameworks in selected countries such as Australia, Canada, India, Maldives, New Zealand and Singapore. The study analyses common trends and differences in tax structures, registration processes and the treatment of exempted goods and services. The findings of the study reveal a consistent pattern of increased tax revenue and GDP growth post-implementation of GST. Additionally, the study explores the impact of GST on trade dynamics, employment levels, foreign direct investment (FDI) inflows and savings rates across these nations. While the impact on inflation varies among the countries. Overall, the findings highlight the importance of well-planned implementation of GST as it is a crucial tax reform contributing to economic growth and stability on a global scale. |
Keywords | Goods and Services Tax, National income, Tax revenue, Foreign direct investment, International trade, Savings, Inflation. |
Field | Sociology > Economics |
Published In | Volume 6, Issue 2, March-April 2024 |
Published On | 2024-04-27 |
Cite This | Global Goods and Services Tax: A Macro-Economic Perspective - Varsha Rajkumar - IJFMR Volume 6, Issue 2, March-April 2024. DOI 10.36948/ijfmr.2024.v06i02.18500 |
DOI | https://doi.org/10.36948/ijfmr.2024.v06i02.18500 |
Short DOI | https://doi.org/gtsg46 |
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