Taxation and economic growth in nigeria pdf




The study adopts the Ordinary Least Square (OLS) regression technique and established that tax revenue has positive effect on economic growth in Nigeria…Department of Accountancy, Imo State University, Owerri, Imo, Nigeria. The gap between rich and poor keeps widening. Between 1970 and 1990, the contribution of tax revenue to GDP was below 30 per cent, with the lowest being 9. Since the mid-1980s, India has slowly opened up its markets through economic liberalisation. The remaining sections are structured as follows; section II focuses on the review of related literature. 2 percentage point change in economic growth per annum. The growth model based on capital accumulation has led to misallocation of capital and excess capacity in a number of industries as well as falling investment efficiency, dictating a slower pace for investment. Acknowledgements The World Economic Situation and Prospects 2018 is a joint product of the United Nations Department of Economic and Social Affairs (UN/DESA), the United Nations Conference on Welcome to state. Growth, if any, has disproportionally benefited higher income groups while lower income households have been left behind. Dec 14, 2016 · 1. First published in 2005, this annual report provides an overview of structural policy developments in OECD countries from a comparative perspective. Exponentially growing test organisms are exposed to the test substance in batch cultures over a period of normally 72 hours. 1. How do girls’ education and economic growth relate in low-income countries? In the early 2000s, according to the World Bank, about 110 million children between the ages of 6 and 11 were not in school—and about two-thirds of them were girls. In these articles, we examine the possibilities for seven of them: agriculture, banking, consumer goods, infrastructure, mining, oil and gas, and telecommunications. 1, No. 4, pp. The data used spans the period 1981-2017 on variables such as foreign trade There are a wide variety of types of economic inequality, most notably measured using the distribution of income (the amount of money people are paid) and the distribution of wealth (the amount of wealth people own). Governments should urgently reform their pension systems to ensure that the growing share of workers in temporary and part-time employment can contribute enough during their working lives to receive an adequate income in retirement, according to a new OECD report. economic growth. Going for Growth is an OECD flagship publication alongside the OECD Economic Outlook and OECD Economic Surveys. Value Added Tax (VAT) was introduced by the Federal Government of Nigeria in 1993 to replace Sales Tax. Over several decades, taxation has been taken as a veritable medium of engineering the growth or performance of an economy. This topic company income tax on economic growth in Nigeria we cover all the 36 states of the federation and Abuja and the entire economy but the writer intends to limit this topic to only Lagos and Ogun state due to financial handicap, distance and time constraints. TAXATION AND ITS EFFECT ON THE NIGERIAN ECONOMY (A CASE STUDY OF ENUGU STATE TAX SYSTEM). China’s growth continues to slow, but it is still high by international standards and contributes about a quarter of global growth. Besides economic inequality between countries or states, there are important types of economic inequality between different groups of people. The IMF study estimates that the impact of 1 point change in the corruption index 3 results in a 1. An appropriate tax system can lead to the optimal resources allocation and to the increase of economic growth. The USTTI is a nonprofit, US government-industry joint venture designed to meet the training needs of the women and men who design, regulate and oversee the communications infrastructures of the developing world. This research work would contributes to the empirical literature by focusing on the effect of each of the tax indicators on economic growth1,2Department of Economics University of Nigeria, Nsukka ThAbstract: is paper examined the impact of value added tax on investment growth in Nigeria. Apart from The Impact of Government Expenditure on Agriculture and Agricultural Output in NigeriaA high marginal tax rate results in a large wedge between the wages and salaries paid by employers and those received by households. Developed from the writings of the economist and social reformer Henry George, the Georgist …Jan 01, 2012 · The energy industry contributes to economic growth in two ways. Access the rankings for every component of the Global Competitiveness Index (GCI) by choosing an item from the pulldown menu which reproduces the structure of the GCI. Economic growth entails an increase in gross domestic product overtime and is mainly linked to tax revenue through its effect on tax base. . The aim was totaxation on companies’ performance in some companies in Nigeria and specifically the paper lookedin to these variables. The data used in the study were sourced from Central Bank of Nigeria (CBN) statistical bulletin. THE PROSPECTS, PROBLEMS AND CONTRIBUTIONS OF VALUE ADDED TAX (VAT) TO NIGERIA ECONOMY Case Study of Federal Board of Inland Revenue VAT Office. This research seeks to acquaint us on the impact of tax revenue on economic growth of Nigeria by finding out whether there is a long run relationship between tax policies and social development and a causal relationship …International Journal of Business and Management Review Vol. Part of this modernization was to reduce the number of pages on the current state. The trend between inflation and economic growth in Nigeria The facts and figures obtained from the IMF World Economic Outlook Report (2011) revealed that the Nigeria’s GDP tends to be low when the inflation rates are high apart from a few years of the 80’s. Similarly, Collier and Hoeffler (2002), is of the opinion that increase inFiscal Policy and Economic Growth: An Examination of Selected Countries in Sub-Saharan Africa Uche Boniface UGWUANYI1 Okelue David UGWUNTA2 1Department of Accountancy, Enugu State University of Science and Technology Enugu State, Nigeria, 1E-mail: davidugwunta@gmail. Ambiguity remains in the case of the consumption taxes (e. International Journal of Business and Management Review Vol. , 2011). 2 The Resource Curse • Democracy: Natural resource wealth, particularly oil wealth, has made it more likely for governments to become or remain authoritarian over the past 30 years. ea-journals. gov current while older content remains intact and fully accessible on our […]The purpose of this test is to determine the effects of a substance on the growth of freshwater microalgae and/or cyanobacteria. Sep 02, 2019 · The Effect of Tax Revenue on Economic Growth and Development in Nigeria ABSTRACT The contribution of taxation to any economy globally cannot be overemphasized. 64-71, December 2013 Published by European Centre for Research Training and Development UK (www. org)This paper seeks to investigate Small and Medium Enterprises as a veritable tool in Economic Growth and Development. A survey method was used to gather data from 200 SME/Entrepreneurial officers This study conducted a disaggregated analysis of foreign trade impact on economic growth using Nigeria historical data. purpose of introducing electronic tax system is to improve revenue collection which will in turn improve the country’s. This paper is executed in five sections. Although Africa’s growth prospects are bright, they differ not only country by country but also sector by sector. 26 November 2019. The tax system in Nigeria is made up of tax policy, tax laws and tax administration and it is expected that they work together in order to achieve the goal of the nation’s economy (Abiola & Asiweh, 2012). The explanation for this lies in taxation. TAX34908. g. Abstract This study examined the impact of E-Taxation on Nigeria’s revenue and economic growth. For example, in 1998 GDP growth rate was relatively high amidst theimpact of tax revenue on nigeria’s economic growth ₦ 10,000 ₦ 3,000 Categories: banking & finance final year complete project topics & materials , Business administration final …effect of petroleum profit tax (PPT) and company income tax (CIT) on the economic growth of Nigeria. It spanned from 1994 to 2017 and utilized annual time series secondary data extracted from the Central Bank of Nigeria (CBN) statistical bulletin (2017) edition. Our critical review shows that there is no consensus on the relationship between There are a wide variety of types of economic inequality, most notably measured using the distribution of income (the amount of money people are paid) and the distribution of wealth (the amount of wealth people own). We recently modernized our website. In generating revenue to achieve this goal, the tax system is expected to …This study empirically examined the causal and long-run relationships between taxation and economic growth of Nigeria. First, energy is an important sector of the economy that creates jobs and value by extracting, transforming and distributing energy goods and services throughout the economy. Available statistics shows that the link between taxation and economic growth in Nigeria since 1970 has been unstable. 6 Significance of the study. Jan 01, 2012 · The energy industry contributes to economic growth in two ways. We also use the study’sThe economic development in India followed socialist-inspired politicians for most of its independent history, including state-ownership of many sectors; India's per capita income increased at only around 1% annualised rate in the three decades after its independence. It will also take cognizance of the aims and objectives of taxation and its impact on the economic growth of Nigeria. Ex-post facto research design was adopted while the Vector Autoregressive (VAR) method of Pairwise Granger The research work will discuss in detail the impact of taxation on Economic growth in Nigeria. It also aimed at identifying problems that inhibit the efficient and effective administration of the Nigeria tax’s system. Taxation and Economic Growth in Nigeria:The paper examined the impact of tax revenue on economic growth in Nigeria from 1980 to 2015. Therefore, the specific objective of this paper is to determine the effect of VAT, government expenditure and government revenue on economic growth in Nigeria. Given that the. Section three handles the trend analysis of the pattern and trajectory of the movement of the magnitude of inequality in Nigeria and by extension poverty asThe association between tax and growth: growth regressions108 Modelling growth, taxation and investment incentives 116 Tax and growth modelling: a new approach 118 7 Tax, regulation and growth: understanding the research 122 Lucy Minford The effect of tax on growth: further analysis of the growth regression approach 122 The effect of tax on growth: further considerations 126Jan 03, 2017 · The study is based on Value added tax on Nigeria economy with its impact on economic growth in the country. Far more important the findings from this will paperinvariably be useful to stakeholders in tax management and administration and will enable corporations ascertain the effect of taxation on their profitability and growth. A proportional tax on labor income would equalize marginal and average tax rates and would sharply curtail the losses in economic efficiency due to high marginal rates. EY and Velon’s approach was to create an IoT solution that could collect the vast amounts of potential data from cyclists in races around the world, and turn it into interactive, revealing data highlights and stories, putting viewers at the heart of the race, and giving them deep insights into their favorite cyclists and teams through a dedicated app. However, empirical literature is not conclusive, as several studies have indicated mixed effects of tax on economic growth. This keeps the content on the current state. gov website by not moving items that are in existence on our archive sites. Following this introduction; section two deals with a review of relevance literature on inequality and economic growth in Nigeria. poor taxation and tax system as an aid to economic and social development in Nigeria. gov. We also use the study’sGeorgism, also called geoism and single tax (archaic), is an economic ideology holding that, while people should own the value they produce themselves, economic value derived from land (often including natural resources and natural opportunities) should belong equally to all members of society. By virtue of its size, improved economic management and strong economic growth in Nigeria would generate substantial prospects for growth and spillovers for the whole West African region. The study is therefore limited to the core economic growth in Nigeria and not the socio- political factors of the foreign exchange rate. com (Corresponding author)Nigeria is Africa‘s most populous country and second largest economy after South Africa. inequality and economic growth in Nigeria. ABSTRACT: This study examines the effect of tax revenue on economic growth in Nigeria, utilizing time series data for the period spanning from 1970 to 2011. If tax revenues are not sufficient to meet expenditure needs, the government mustand Nigeria, found that countries that have a high ratio of natural resource exports to GDP which appears to have shown slower economic growth than countries with low ratio of natural resource export to GDP. 3 RESEARCH QUESTIONS Based on the statement of problem of this study, the following research questions were raised: To what extent does the petroleum profit tax affect the gross domestic product in Nigeria…extent on the state of the economy; therefore the relationship between tax revenue and economic growth is an issue of great importance. The Rise of the Platform Enterprise: 5 A Global Survey While a few platforms have garnered significant attention both in the popular press and amongeconomic growth in Nigeria. A survey method was used to gather data from 200 SME/Entrepreneurial officers This paper aims to review the theoretical and empirical studies on the impact of inflation on economic growth. It can be derived that the corporate tax policy can affect consumption, investment activity and employment to some extent. Kotlán et al. 7 per cent in 1970 and the highest of 24 per cent in 1982


 
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