IDEAS home Printed from https://ideas.repec.org/h/spr/aaechp/978-3-031-31431-5_5.html
   My bibliography  Save this book chapter

The Impact of Digital Financial Service Taxes and Mobile Money Taxes on Financial Inclusion and Inclusive Development in Africa

In: Economic Inclusion in Post-Independence Africa

Author

Listed:
  • David Mhlanga

    (The University of Johannesburg, College of Business and Economics)

  • Favourate Y. Mpofu

    (The University of Johannesburg, College of Business and Economics)

Abstract

Globally, the digital economy is expanding rapidly. The Fourth Industrial Revolution (4IR) and ongoing technological advances are responsible for this enormous increase. The Covid-19 epidemic, which increased dependency on digital services, served as an additional catalyst for the growth of the digital economy. The chapter aimed to conduct a thorough investigation of the digital economy, digital service taxes, and mobile money taxes in Africa to examine the effects of these taxes on tax administration in Africa, the effects of these taxes on financial inclusion in Africa, and the effects of these taxes on inclusive development in Africa. The impact of digital financial services (DFS) taxes on financial inclusion can be examined from four key perspectives, including the increase in the tax burden, changes to how DFS are utilized, alterations in the market’s structure or development, morale, and faith in the tax system. The chapter repeatedly emphasized the detrimental effects that digital service taxes will have on inclusive development, because they may cause resources to be diverted from sectors that benefit low-income earners, such as digital financial services, in favour of those that may not directly benefit them.

Suggested Citation

  • David Mhlanga & Favourate Y. Mpofu, 2023. "The Impact of Digital Financial Service Taxes and Mobile Money Taxes on Financial Inclusion and Inclusive Development in Africa," Advances in African Economic, Social and Political Development, in: David Mhlanga & Emmanuel Ndhlovu (ed.), Economic Inclusion in Post-Independence Africa, chapter 0, pages 81-102, Springer.
    • Handle: RePEc:spr:aaechp:978-3-031-31431-5_5
    DOI: 10.1007/978-3-031-31431-5_5
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:aaechp:978-3-031-31431-5_5. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.