International Journal For Multidisciplinary Research

E-ISSN: 2582-2160     Impact Factor: 9.24

A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

Call for Paper Volume 6 Issue 3 May-June 2024 Submit your research before last 3 days of June to publish your research paper in the issue of May-June.

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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