National taxation policies dynamics in agrarian industry globalization: assessing the efficiency factors

FMS, Suan Sunandha Rajabhat University, 1 U-Thong Nok rd, 10200, Dusit, Bangkok, Thailand

^* Corresponding author: prateep.wa@ssru.ac.th

Abstract

This research study takes up the criteria of comfortable/harsh national taxation policies in an attempt to analyze various impacts of countries’ tax systems on their macroeconomic growth as well as on countries’ participation in the world economic processes. More specifically, the article analyzes the correlation between the dynamics of tax regimes’ components on the one side and the macroeconomic indicators of countries on the other, while the authors present their own, original classification of the countries divided into groups depending on the level of their wellbeing. Further on, authors’ conclusions are focused around the efficiency of fiscal instruments in part of economic growth stimulation and trade attractiveness. These conclusions are generally applicable to the majority of today’s countries. Also, the study shows how tax policies and tax regimes (de)stimulate economic growth and increase/decrease trade attractiveness of different countries in today’s globalized world. This obviously proves that taxation overall has enough power to affect national macroeconomic growth in general and foreign trade in particular. Indirectly, it also has the power to affect social wellbeing and the state of nationalinfrastructure.