Abstract: the study examined the impact of tax revenue on the nigerian economy the objectives of the study the objectives of the study were to examine the relationship between petroleum profit tax and the nigeria economy, the impact of company. Nigeria is a middle-income, mixed economy and emerging market, with expanding manufacturing, financial, service, communications, technology and entertainment sectorsit is ranked as the 30th-largest economy in the world in terms of nominal gdp, and the 23rd-largest in terms of purchasing power parityit is the largest economy in africa its re-emergent manufacturing sector became the largest. Taxation, besides being a major source of revenue to the government, also serves as means by which government actualize macro-economic objectives in areas of monetary and fiscal policies it is therefore a major tool used by government to promote economic growth and development.
The scope of this study covers critical examinations on the impact of taxation on nigerian economy it will also analyze other related issues such as structure and administrative machinery of tax in nigeria and their associated problems. Within the nigerian context, understanding the impact of taxation on economic growth can be viewed from two major schools of thought – fiscal structure – of a modern economy, it can be shown that income growth can affect different taxes differently. The impact of taxation on nigeria economy growth review of related literature introduction there are several literatures by different authors, scholars and researchers on taxation as source of government revenue and its impact on nigeria economy.
Impact of multiple-taxation on competitiveness in nigeria nihal pitigala and mombert hoppe and second largest economy after south africa by virtue of its size, improved economic management and strong economic growth in nigeria would generate substantial prospects for growth and nigerian firms, the engine of growth and diversification. The impact of taxation on nigeria economy chapter one introduction 11 background of the study one of the major functions of the government especially developing countries such as nigeria is the provision of infrastructural services such as electricity, schools, hospitals, pipe-borne water, good roads and as well as ensure a rise in per-capital income, poverty. If people are naturally inclined to spend their own money on education and healthcare, then taxation used for social programs is likely to slow economic growth social spending which targets low-income families is much better for the economy than universal programs. In recent time, the impact of paying tax is not felt by payees in nigeria and indeed has put them in doubt and confusion as to the use of the fund by the relevant government in the development of the economy. Impact of taxation on national development impact of taxation on national development every government in carrying out its fiscal responsibilities provides the individual within its area of jurisdiction the basic necessities of life.
The study investigates the impact of taxation on the nigerian economy for the period 1994 -2012 the dependent variables used in the model includes: gross domestic product (gdp) as a parameter for measuring economic. The null hypothesis (ho): revenue generated form tax has a negative impact on the development of nigerian economy the alternative hypothesis it is also a tax the impact and incidence of taxation fail on and the same person that pays it eg personal income, company tax, expenditure tax. The global economy and its impact to talk about the economy, i want to introduce the political factor of economy in the world, it is one of the most important part of global economy there are many it is based on economies of all of the world's countries, national economies. The role of taxation in the nigerian economy by tunde sodamola on march 20, 2016 taxation has been one of the ways in which government is able to finance its activitiesgovernment imposes levies on individuals, companies, organisations in the form of tax so government machinery can run constantly and continuously.
Foreign direct investment into nigerian economy since tax revenue has positive impact on fdi more so, government should as a matter of urgency discontinue exchange rate devaluation policy adopted to. This study examines the impact of taxation on investment and economic growth in nigeria from 1980-2010 the ordinary least square method of multiple regression analysis was used to analyze the data. Impact of taxation on small and medium scale businesses in nigeria abstract small and medium enterprises play a very important role in development of the nigerian economy. Impact of taxation as an aid to economics development in nigeria there are several literature by different authors, scholars and researchers on taxation as source of government revenue and its impact on the edo state economy many of them have covered all its ramifications while some have effectively appraised the proscem of tax administrator in nigeria. The impact of taxation on small scale business in a developing economy (a case study of ekene dili chukwu nigeria limited enugu) abstract this is a research work on the impact of taxation on small-scale business in a developing economy.
The impact of taxation on nigeria economy growth abstract this research work was carried out in order to find out if actually there is any impact which taxation has on nigerian economy and the survey for this study is based on enugu state. This research focuses mainly on the impact of nigerian tax policies on the economy and small businesses in nigeria the study only torches on the challenges tax policies in nigeria and how it can affect self employed business men and women, traders, and. Systematically assess the impact of vat on the economy recent research works on the impact of taxation on the nigerian economy lumped up all the various taxes together without isolating vat.
Impact of taxation revenue on nigeria economic growth with references the taxation revenue on nigeria economic growth comes to lime light considering. This study seeks to link taxation to welfare of the nigerian economy tosun and abizadeh (2005) in their study of economic growth of tax changes in oecd countries from 1980 to 1999 reveal that economic growth measured by gdp per capita has a significant effect on the tax mix of the. This research examined the direct and indirect impact of taxation on the nigerian economic growth this research centered on two major objectives by focusing on the trend of direct and indirect. To enable the researcher test if there is any impact taxation has on the nigeria economy some statistical model will be used based on the responses from oral interview carried out and the questionnaires distributed and also statistical data generated from the appropriate sources.