Onwe, Kingsley and UDEH, Sergius Nwannebuike and Ngwoke, Ogechukwu Maria (2019) EFFECT OF TAX REVENUE ON NIGERIAN ECONOMY (2005-2018). European Journal of Accounting, Finance and Investment, 5 (11). pp. 63-70. ISSN 3466 – 7037
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Abstract
The study examined effect of tax revenue on Nigerian Economy. The objectives of the study were to examine the effect of petroleum profit and company income taxes on the gross domestic product of Nigeria. The study adopted ex – post facto design while the analytical technique used for the study was ordinary least square after a diagnostic test with unit root. The study found out that both petroleum profit tax and company income tax have significant effect on the gross domestic product of Nigeria. The study recommended that government should use necessary adjustments in the Petroleum Profit Tax to improve the gross domestic product of Nigeria which will impact on the living standard of the citizens. Government should give tax holidays to companies as a motivation in paying company income tax as it will promote gross domestic product of Nigeria which will invariably improve the standard of living of the citizens.
| Item Type: | Article |
|---|---|
| Subjects: | H Social Sciences > HB Economic Theory H Social Sciences > HC Economic History and Conditions |
| Divisions: | Faculty of Management and Social Sciences |
| Depositing User: | mrs chioma hannah |
| Date Deposited: | 10 Jan 2020 12:54 |
| Last Modified: | 10 Jan 2020 12:54 |
| URI: | http://eprints.gouni.edu.ng/id/eprint/2489 |
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