Abstract
This research examined the Impact of Tax Reforms on Economic Growth of Nigeria. Specifically, attempt was made to verify the relationship between federally collected revenue and specific tax revenue generation sources. The study employed annual time series data spanning the years (2005-2014). The various income taxes were used as a proxy for tax reforms and GDP as a proxy for economic growth.
The research adopted developmental research design. Data was basically collected by secondary means through Central Bank of Nigeria (CBN) statistical bulletin and the FIRS Guage.
Three hypotheses were formulated and tested with the used of regression analysis and T-test. Based on the result of the analysis, the three null hypotheses were rejected and the alternate hypotheses accepted. It was thereby concluded that; taxation reforms has significantly impact on revenue generation in Nigeria.; taxation reforms has significant effect on the Gross Domestic Product in Nigeria and that taxation reforms has significant impact on tax evasion.
The study proposed that VAT provides good tax handle for the government to maximize its revenue. However, to maximize revenue from these taxes, the administration should be improved upon with effort directed towards reducing tax avoidance and evasion.
INTRODUCTION AND LITERATURE REVIEW
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Background of the study
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Background to the Study
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Abstract
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Statement Of The Problem
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STATEMENT OF RESEARCH PROBLEM
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Abstract
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