Browsing by Author "Kinyamjui, joseph"

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    The Influence of Corporate Governance Practices on Efficiency of Tax Revenue Collection in Laikipia County Government, Kenya
    (THE INTERNATIONAL JOURNAL OF HUMANITIES & SOCIAL STUDIES, 2024-10) Juma, Collins Wandera; Kinyamjui, joseph
    Effective and efficient revenue collection is essential for the smooth running of government operations. Meeting the required revenue targets helps reduce public debt and enables the advancement of development projects in a country. The revenue is raised from both tax and non-tax revenue. Various factors influence the amount of revenue raised, including good corporate governance policies. Good corporate governance policies are positively linked to higher amounts of revenue raised. These policies ensure operations and compliance with set laws. Countries set revenue targets to be met by the end of each fiscal year, yet many countries do not achieve these targets. Kenya is no exception; over the years, the revenue raised by the Kenyan Government has remained low. Currently, the country aims to achieve a tax-to-gross domestic product ratio of 17.9 in the 2023/24 fiscal year, which is too low compared to the average of the developed countries, which is 40 percent. In 2010, a new constitution was passed, which saw the formation of county governments. The operations of the county governments began in 2013. Since devolvement, Laikipia County Government has only met the revenue target from own sources twice. Hence, there is a need to analyze the effect of corporate governance practices on the efficiency of tax revenue collection in Laikipia County Government. To meet this objective, primary data was collected from 93 employees of Laikipia County Government using a self-administered questionnaire. A multiple regression analytical model was employed in the analysis. Efficiency and effectiveness were used as yardsticks that measure different dimensions of Performance. The findings showed that improvement in governance significantly influences the tax collection process, given its strong positive effect on the effectiveness of tax performance, but weakly influences efficiency. The study recommended that Laikipia County strive to improve their performance management system, which focuses on reward and recognition management and adopting a customer-centric organizational culture