IMPACT OF COMPANY INCOME TAX ON ECONOMIC GROWTH IN NIGERIA
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
This study examined the impact of companies’ income tax on economic growth (proxy by gross domestic product) in Nigeria. Secondary time series panel data was collected for the period 2005 to 2014 from the Statistical Bulletin of the Central Bank of Nigeria (CBN). The study employed Ordinary Least Squares (OLS) technique based on the computer software Windows SPSS 20 version for the analysis of data, where gross Domestic product (GDP), the dependent variable and proxy for economic growth, was regressed as a function of company income tax (CIT) and value-added tax (VAT), the independent variables. The results of the analysis showed that both company income tax and value-added tax have significantly positive impact on economic growth. Based on the findings, the study recommended that government should strengthen the tax administration system to broaden the tax income, and embark on tax education to ensure voluntary tax compliance. The study also recommended that the tax authorities should employ qualified tax professionals who should be regularly trained and be retained in the tax administration system for efficient tax administration and collection.
Related Project Materials
THE LEGAL PERSPECTIVE TO CAPITAL RECONSTRUCTION OF BANKS IN NIGERIA
ABSTRACT
It is generally accepted that banks are inevitable component of an economic system and that the capital of a bank is the foundat...
ASSESSING THE EXTENT OF UTILIZATION OF INDIGENOUS MODES OF COMMUNICATION FOR COMMUNITY DEVELOPMENT
EXCERPT FROM THE STUDY
Communication is a two way process that seeks to convey a message encoded by a Sender through a C...
THE INFLUENCE OF MOTIVATION ON THE ACADEMIC PERFORMANCE OF STUDENTS IN SELECTED SECONDARY SCHOOL
ABSTRACT
The study attempts to investigate the influence of motivation on the academic performance of students in select...
SURVEY OF OCCUPATIONAL CHALLENGES FACING SECRETARIES
ABSTRACT
The aim of this project is to analysis the occupational challenges facing secretaries in the Enugu State Civil Service. In...
ACCEPTANCE AND UTILISATION OF FAMILY PLANNING SERVICES AMONGST SECONDARY SCHOOL STUDENTS
EXCERPT FROM THE STUDY
This study has established that secondary school students in rural areas of Cross River stat...
THE PROBLEM OF TEACHING AND LEARNING OF HOME ECONOMICS IN TERTIARY INSTITUTION
ABSTRACT
The main focus of this study is to examine the problem of effective teaching and learn...
SOCIAL MEDIA AND ORGANIZATIONAL IMAGE-MANAGEMENT IN THE NIGERIAN PRIVATE SECTOR: A STUDY OF NIGERIAN PRIVATE UNIVERSITIES
ABSTRACT
Given the important role that social media play in image management of any business entity in today’s digitalised world, t...
AN INVESTIGATION OF LOCAL GOVERNMENT FINANCES AND ACCOUNTING SYSTEM
BACKGROUND TO THE STUDY
The local government is the third level of governance. State governments have significant control over local gove...
AN INVESTIGATION OF THE EFFECTIVENESS OF POS AND AVAILABILITY OF FUND DURING THE COVID-19 LOCKDOWN IN NIGERIA
BACKGROUND OF THE STUDY
Coronaviruses are a kind of virus that infects both animals and humans. They ar...
YOUTH LIFE STYLE: ITS IMPACT AND CHURCH GROWTH
Background of the study
Church Growth is a movement within evangelical Christianity which focuses on develop...
