@article{Mdee:330380,
      recid = {330380},
      author = {Mdee, Ephraim Oswald  and Aikaeli, Jehovaness  and  Luvanda, Eliab},
      title = {The Impact of Taxes on Capital Formation in Tanzania },
      journal = {African Journal of Economic Review},
      address = {2022-12},
      number = {2050-2023-221},
      year = {2022},
      abstract = {This paper investigatesthe impact of taxation on capital  formation in Tanzania through application of Autoregressive  distributed lag (ARDL) model, using the data sourced from  National Bureau of Statistics (NBS) and Tanzania Revenue  Authority (TRA) for 1966 – 2019. The results show that  corporate income tax has a negative impact on capital  formation in both the short-run and longrun, the exception  being the magnitude. The paper recommends the need to  review the taxation policies so as to attract more  investment in the country in order to foster economic  growth. This, among others, can be done through putting  more emphasis on the implementation of the already  established Blueprint for Regulatory Reforms to Improvement  of Business Environment that aims at improving business  environment climate in the country. Additionally, there is  a need to keep encouraging more private sector  participation in the economy, especially in those sectors  which are not considered as a high priority sector, as well  as encouraging the Public Private Partnership (PPP)  initiative.},
      url = {http://ageconsearch.umn.edu/record/330380},
      doi = {https://doi.org/10.22004/ag.econ.330380},
}