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CORPORATE TAXATION, INVESTMENT DECISIONS AND ECONOMIC GROWTH: A STUDY OF SELECTED MANUFACTURING COMPANIES IN NIGERIA
This study examines the effect of corporate taxation on investment decision of manufacturing companies in Nigeria. It also establishes the relationship between tax revenue and economic growth, in order to determine the effects of rates, double and multiplicity of taxes on corporate income as well as...
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| Format: | Journal Article |
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INTERNATIONAL JOURNAL OF RESEARCH IN COMMERCE, ECONOMICS & MANAGEMENT
2013
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| Online Access: | http://10.26.1.76/ks/005906.pdf |
| Summary: | This study examines the effect of corporate taxation on investment decision of manufacturing companies in Nigeria. It also establishes the relationship between
tax revenue and economic growth, in order to determine the effects of rates, double and multiplicity of taxes on corporate income as well as the impact of tax
revenue on economic growth. The study basically makes use of secondary data. Stratified sampling method was used to ensure proper grouping of the companies
while Correlation and Regression analysis were employed to analyze data. The study established that there are cases of double and multiplicity of taxes levied by
all the tiers of government. It was also found that, tax revenue has insignificant impact on economic growth. Therefore, government should create conducive and
friendly business environment by a way of reducing the rate and numbers of taxes levied on the corporate organization’s income to encourage investment.
Government should also provide necessary infrastructural facilities to reduce the cost of doing business. Nigerian government should encourage tax compliance
and self assessment in order to increase revenue from taxes and achieve sustainable economic growth. |
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| Physical Description: | p.127-132 VOLUME NO. 3 (2013), ISSUE NO. 06 (JUNE ) |