Tax Collection and Its Impact on GDP: A Comparative Study of BRICS Nations

DOI

10.2991/978-94-6463-860-8_18How to use a DOI?

Keywords

BRICS Nations; Gross Domestic Product; Tax Revenue

Abstract

Tax is the most significant source of revenue in funding public goods and services, enabling governments to invest in infrastructure, education, and healthcare, thereby fostering economic growth and societal development. BRICS Nations cover approximately 29.5% of the Earth’s land area and generate about 29% of the world’s gross domestic product (GDP). In this paper, we have studied the rapid economic growth observed in India, China, and Russia, which has significantly elevated the importance of BRICS countries in the global economy. Research Methodology: This research paper evaluates Tax collection and its impact on the GDP of the BRICS Nations. The study focuses on various metrics, including GDP, GDP Growth, Per Capita GDP, Total Tax Collection, and tax revenue as a percentage of GDP. Statistical tools, including mean, standard deviation, coefficient of variation, Karl Pearson’s coefficient of correlation, and ANOVA, have been used to analyze the data, which were collected from the World Bank and the BRICS Nations’ central bank annual reports. Result: The ANOVA test reflects that the calculated F value is 87.57 is much higher than the critical value of F (2.58) between Groups of Nation and the calculated F value is 228.304 is much higher than the critical value of F (2.58) between Groups of Nations respectively therefore the alternate Hypothesis that there is a relation in term of tax collection among BRICS Nations and there is a significant impact of tax collection in the growth of GDP among BRICS Nations are accepted.

Copyright

© 2025 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Sweta Singh
AU  - S. K. Rastogi
PY  - 2025
DA  - 2025/09/29
TI  - Tax Collection and Its Impact on GDP: A Comparative Study of BRICS Nations
BT  - Proceedings of the International Research Conference on Resilience for Sustainability: Management Practices and Strategies for the Future (IRC 2025)
PB  - Atlantis Press
SP  - 257
EP  - 273
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-860-8_18
DO  - 10.2991/978-94-6463-860-8_18
ID  - Singh2025
ER  -