Assessing Fiscal Policies’ Impact on Economic Recovery in African Nations Amid Financial and Pandemic Crises (Published)
This study investigates the impact of government fiscal policies on economic recovery in African nations amidst financial and pandemic crises. Through regression analysis and empirical evidence synthesis, it explores the dynamics of taxation revenue, non-taxation revenue, and government capital formation expenditure in driving resilience and growth. The findings underscore the critical role of effective fiscal policies in navigating crises, highlighting the need for evidence-based strategies to enhance economic recovery and development. Theoretical underpinnings rooted in Keynesian Economic Theory provide a robust framework for understanding the efficacy of fiscal interventions in fostering sustainable growth. The study contributes to theoretical refinement and offers practical insights for policymakers seeking to formulate adaptive fiscal strategies tailored to the unique socio-economic dynamics of African countries. Recommendations include prioritizing revenue generation strategies, enhancing tax compliance, optimizing non-tax revenue sources, and strategic investments in capital formation to foster long-term growth and resilience.
Keywords: Economic Recovery., Financial Crises, Fiscal Policies, government capital formation expenditure, non-taxation revenue, pandemic crises, taxation revenue
ACCOUNTING REGULATIONS IN THE CONTEXT OF A ZERO TAX ENVIRONMENT. THE CASE OF “TAX HAVEN” JURISDICTIONS (Published)
The latest amendments brought to the tax havens` fiscal and commercial legislations as a result of the OECD`s pressure made these states and territories subject to a set of accounting rules. The aim of this paper is to present a comparative analysis of the accounting regulations applicable to the offshore companies: The International Business company (IBC) and the Exempt company, in contrast with the local/domestic companies. For the purpose of this analysis I considered six overseas countries and territories (OCTs) having links to the United Kingdom and which had been listed by the OECD in 2000 as tax haven jurisdictions: Anguilla, Bermuda, British Virgin Islands, Cayman Islands, Montserrat, Turks and Caicos Islands. The results stand to emphasize the fact that there are no substantial differences in terms of accounting regulations between an offshore company and a domestic company despite the harsh criticism continuously being brought to the offshore sector
Keywords: Accounting regulations, Exempt Company, Fiscal Policies, International Business company (IBC), Organization for Economic Cooperation and Development (OECD), Tax haven