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Tax Reform Due To Economic Performance in Asean-5<br />

Johnson Wong Jung Ying<br />

Supervisor: Associate Prof. Dr. Nur Azura Binti Sanusi<br />

Bachelor of Economics (Natural Resources)<br />

School Of Social and Economic Development<br />

The objective of this study is to determine the impact of inflation when tax reform is<br />

implemented and the effect of tax reform to the economic growth in ASEAN-5. The<br />

study employed a static panel data model which consists of 5 Asian countries:<br />

Indonesia, Malaysia, Thailand, Singapore and the Philippines from year 2001 until<br />

2015. We found that tax reform among personal income tax and corporate income<br />

tax has negative relationship to the inflation. Besides that, the tax reform also having<br />

relationship to the economic growth and decreasing lightly with the GDP growth.<br />

Keywords: Tax reform, GDP Growth Rate, Personal income tax, corporate income tax<br />

1372 | UMT UNDERGRADUATE RESEARCH DAY 2018

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