ABSTRACT
This research work was carried out to examine the effect of taxation on manufacturing firms. The specific objective of this study aims to is examine the effect of direct taxes on the annual turnover of manufacturing concern and their ability to make profit, dividend and plough back part of their profit, find out the effects of indirect taxes on the manufacturing concerns in their ability to procure machinery and equipment and also raw-materials, investigate the effect of taxes on the annual turnover of manufacturing concerns and their ability to make profit and assess the effort by the government to ensure capacity utilization and efficiency in production. A sample size of 30 was adopted. The findings of the study reveals that direct taxes affect the annual turnover of manufacturing company ability to make profit, dividend and plough back part of their profit. Also, indirect taxes on the manufacturing affect their ability to procure machinery and equipment and also raw-materials. Furthermore, taxes influence the annual turnover of manufacturing concerns and their ability to make profit. Lastly, the effort by the government to ensure capacity utilization and efficiency in production influence the industry. The study thereby conclude that more tax incentives should be granted to companies as a way of fostering and encouraging the operators of the sector so as the reverse the current trends. Also, the Nigeria tax system should be reformed both in terms of legal and administrative processes in orderto make tax administrative machinery dynamic and in line with global best practices.
Background of the Study
One function of the mass media which is becoming increasingly important in the modern world is the economic funct...
Abstract
This study was carried out on Total Quality Management and its application in 7UP Bottling Company. The study e...
Background of the Study
The moral influence that television may have on Nigerian students is a fact of education that th...
Background of the Study
The franchise business model involves a contractual relationship between a franchisor and a fran...
Background of the Study
Taxation plays a crucial role in revenue generation for governments, facilitating infrastructural d...
ABSTRACT
Socrates in the ancient period saw happiness as the offshoot of virtue. To him...
Background of the study
Transparency and accountability are critical for the efficient functioning of a...
ABSTRACT
The Study habits of individual going through educational process are what will determine the study skills such...
ABSTRACT
The main objective of this study was to examine the role of NLC in creating manpower de...
ABSTRACT
The pipe borne water samples used for drinking in Enugu metropolis were analyzed phiscochemically using standa...