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Reforming the Individual Direct Taxation System of North Cyprus

Author

Listed:
  • Glenn P. Jenkins

    (Department of Economics, Queen's University, Kingston, Canada and Eastern Mediterranean University, North Cyprus)

  • Amin Sokhanvar

    (Graduate School of Economics and Management, Ural Federal University, Yekaterinburg, Russia)

  • Hasan UlaÅŸ Altıok

    (Department of Banking and Finance Eastern Mediterranean University, North Cyprus)

Abstract

The need to restructure the taxation system of the TRNC arise from the unsustainable public sector deficit, inequalities in the tax incidence, and the dependency of fiscal support from Turkey. This paper investigates the changes that need to be made to its individual directs tax in order to have a more sustainable structure of government finances. The tax reform measures proposed, developed, and analysed in this paper indicates that it is possible to create a simpler, more equitable, revenue-productivity direct tax system while improving the incentives for enhanced taxpayer compliance.

Suggested Citation

  • Glenn P. Jenkins & Amin Sokhanvar & Hasan UlaÅŸ Altıok, 2021. "Reforming the Individual Direct Taxation System of North Cyprus," Development Discussion Papers 2021-08, JDI Executive Programs.
    • Handle: RePEc:qed:dpaper:4574
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    References listed on IDEAS

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    6. Hasan Ulaş ALTIOK & Glenn Paul JENKINS, 2015. "Innovation, Fiscal Prudence and Social Equity in the Social Security Reforms of Northern Cyprus," Iktisat Isletme ve Finans, Bilgesel Yayincilik, vol. 30(349), pages 77-98.
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    More about this item

    Keywords

    pension funds; personal income tax; tax incidence; tax compliance; fiscal equity;
    All these keywords.

    JEL classification:

    • H24 - Public Economics - - Taxation, Subsidies, and Revenue - - - Personal Income and Other Nonbusiness Taxes and Subsidies
    • H26 - Public Economics - - Taxation, Subsidies, and Revenue - - - Tax Evasion and Avoidance

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