Background of the Study
Tax compliance is a critical issue for businesses in Nigeria, and the manufacturing sector, particularly large corporations like Dangote Cement, plays a significant role in the economy. However, the effectiveness of tax compliance is often influenced by various factors, including corporate governance, transparency, and the ethical practices of the board of directors. Transparency in the operations of a company, particularly in how it manages and reports financial information, is directly linked to its ability to adhere to tax laws and regulations.
In Nigeria, the manufacturing sector is one of the largest contributors to government revenue, yet many firms in this sector have faced challenges related to tax avoidance and non-compliance. Studies have shown that board transparency, which involves clear, accurate, and timely disclosure of information, can play a pivotal role in promoting tax compliance by discouraging fraudulent practices and increasing accountability (Ogundele, 2023). This study aims to explore the relationship between board transparency and tax compliance, using Dangote Cement in Kogi State as a case study.
Statement of the Problem
Despite the importance of corporate governance and transparency in fostering compliance, many Nigerian manufacturing firms still face challenges with tax evasion and avoidance. Specifically, Dangote Cement, a leader in Nigeria’s manufacturing sector, is not immune to the challenges of tax compliance despite its size and prominence. The question arises as to whether the company’s board transparency influences its tax compliance practices. This study seeks to address this gap by investigating how Dangote Cement’s board transparency impacts its approach to tax compliance.
Objectives of the Study
Research Questions
Research Hypotheses
Scope and Limitations of the Study
This study will focus on Dangote Cement in Kogi State, evaluating the impact of board transparency on its tax compliance. Limitations include the potential difficulty in obtaining detailed internal data on board operations and the subjective nature of assessing board transparency.
Definitions of Terms
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