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381201

ASSESSMENT OF INCOME TAX POLICY IN ACHIEVING SUSTAINABLE DEVELOPMENT GOALS AS APPLIED TO EGYPTIAN COMPANIES

Article

Last updated: 03 Jan 2025

Subjects

-

Tags

Economics

Abstract

The study aims to assess the role played by income tax in general and corporate income tax in Egypt in particular in achieving the Sustainable Development Goals (SDGs) in Egypt. Egypt has been keen on achieving the SDGs through realizing sustainable economic, social, and environmental dimensions. The Egyptian legislator issued Income Tax Law No. 91 of 2005, seeking through its application to achieve social justice, increase tax revenue, and create an economic environment that supports free competition and private investment. The study adopted an inductive approach to analyze the reality of income tax policy in Egypt as applied to Egyptian companies due to its particular importance, especially in the average during the period from 2005 to 2021 in tax revenue, as it contributes about 80% of the Egyptian Tax Authority's revenue. The study also relied on a statistical approach to analyze the data during the study period by applying the Engle-Granger two-step co-integration model to estimate the long-term and short-term relationships between variables. The results of the study and the statistical analysis of the data showed the rejection of the study's hypotheses and the acceptance of the alternative hypotheses: first, that there is a significant statistical effect of income tax revenues on sustainable development indicators, and second, that there is a significant statistical effect of corporate income tax revenues on sustainable development indicators. The study concluded with several recommendations, the most important of which are: encouraging the integration of the informal economy into the formal economy, issuing a new tax system, providing an electronic information system, imposing tax penalties and incentives regarding environmental compliance, directing more government spending towards social performance to achieve the goals of the social dimension, and applying carbon tax on Egyptian industrial products.
 
 
 

DOI

10.21608/jes.2024.289420.1790

Keywords

Corporate income Tax, Sustainable Development Goals (SDGs), Informal Economy, carbon tax

Authors

First Name

Ayman

Last Name

Morkos

MiddleName

Mahrous

Affiliation

Faculty of Graduate Studies and Environmental Research, Ain Shams University

Email

aymenmorkos@gmail.com

City

cairo

Orcid

-

First Name

Abeer

Last Name

Ali

MiddleName

F.

Affiliation

Faculty of Commerce,, Ain Shams University

Email

abeerfarhat@gmail.com

City

Cairo

Orcid

-

First Name

Ahmed

Last Name

Abdel Aziz

MiddleName

M.

Affiliation

Faculty of Graduate Studies and Environmental Research, Ain Shams University

Email

-

City

-

Orcid

-

Volume

53

Article Issue

9

Related Issue

50480

Issue Date

2024-09-01

Receive Date

2024-05-17

Publish Date

2024-09-01

Page Start

2,396

Page End

2,431

Print ISSN

1110-0826

Online ISSN

2636-3178

Link

https://jes.journals.ekb.eg/article_381201.html

Detail API

https://jes.journals.ekb.eg/service?article_code=381201

Order

381,201

Type

Original Article

Type Code

500

Publication Type

Journal

Publication Title

Journal of Environmental Science

Publication Link

https://jes.journals.ekb.eg/

MainTitle

ASSESSMENT OF INCOME TAX POLICY IN ACHIEVING SUSTAINABLE DEVELOPMENT GOALS AS APPLIED TO EGYPTIAN COMPANIES

Details

Type

Article

Created At

23 Dec 2024