Analysis of Corruption, Taxation and Revenue of West African Countries.

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Abstract

This study analyzes the contribution of taxes as a source of revenue for the least and most corrupt West African countries. The study compares the tax revenue as a percentage of gross domestic product (GDP) for African countries perceived as more corrupt and least corrupt. It was found that the least corrupt African countries collected more tax as a percentage of GDP than the more corrupt countries. The top four least corrupt West African countries showed a consistent pattern of higher tax revenue as a percentage to GDP on the basis of their rank in the corruption perception index. The least corrupt the country the higher the tax revenue as a percentage of GDP. The more corrupt nations however showed an inconsistent pattern. This study adds to the literature that supports the notion of eradicating corruption. Since the least corrupt nations showed evidence of collecting more tax than the more corrupt nation.

Authors

• Loretta Baryeh, Coppin State

• Hyacinth ezeka, Coppin State