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Research Paper | Finance | India | Volume 13 Issue 2, February 2024 | Popularity: 5.4 / 10

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A Comparative Analysis of G7 and BRICS Corporate Tax Structures and their Impact on Economic Growth: A Quantitative Study from 1990 to 2022

Saaketh Reddy Velagala

Abstract: Taxation serves as the cornerstone of modern societies, providing the financial framework for governments to fulfill their obligations and support economic development. This research paper delves into the intricate landscape of corporate taxation, comparing the tax structures of G7 countries and BRICS nations to discern their impact on economic growth. Utilizing secondary data spanning from 1990 to 2022, the study examines key parameters such as the corporate tax to GDP ratio, GDP growth rates, and the relationship between corporate tax policies and economic performance. The research aims to address the lack of comprehensive comparative analysis in existing literature, offering insights into the rationale behind tax policies and their implications for economic development. Methodologically, the study employs quantitative analysis techniques such as correlation and regression to derive meaningful conclusions from the available data. Despite limitations such as data availability and comparability, this research contributes to the understanding of corporate tax structures and provides valuable insights for policymakers and economists alike.

Keywords: Taxation, Corporate Tax, G7, BRICS, developed economies, emerging economies, GDP, Comparative analysis

Edition: Volume 13 Issue 2, February 2024

Pages: 778 - 784

DOI: https://www.doi.org/10.21275/SR24208122147

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