ABSTRACT
This study explores the effect of Company Income Tax on the
performance of companies in the food and beverage industry in
Nigeria. Companies are subjected to tax under the provisions of the
Company Income tax Act (1996). This has implications on their profit
performance. Also the shareholders are interested not just on the profit
performance of the company but on the proportion of this profit they
are to receive as the return on invested capital in the form of dividends.
The main objective of this study is to determine the effect of company
income tax on the profit performance of companies in the food and
beverage industry in Nigeria. Secondary data was collected and
analyzed using simple regression. From the findings; the researcher
discovered that company income tax has a significant effect on the
profit performance of companies in the food and beverage industry in
Nigeria at 5% level of significance. And in line with a prior
expectation, company income tax has a significant effect on dividend
payout at 1 % level of significance. The findings corroborate the works
of Brennan (1970), Masulis and Trueman (1988) and, Fama and French
(2001), and the researcher recommends a reduction in the current tax
rate and increase in government tax incentives for companies in the
food and beverage industry in Nigeria.
OKORONKWO, T (2021). Effect Of Company Income Tax On The Performance Of Companies In The Food And Beverage Industry In Nigeria. Mouau.afribary.org: Retrieved Nov 01, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-company-income-tax-on-the-performance-of-companies-in-the-food-and-beverage-industry-in-nigeria-7-2
TONY, OKORONKWO. "Effect Of Company Income Tax On The Performance Of Companies In The Food And Beverage Industry In Nigeria" Mouau.afribary.org. Mouau.afribary.org, 28 Jun. 2021, https://repository.mouau.edu.ng/work/view/effect-of-company-income-tax-on-the-performance-of-companies-in-the-food-and-beverage-industry-in-nigeria-7-2. Accessed 01 Nov. 2024.
TONY, OKORONKWO. "Effect Of Company Income Tax On The Performance Of Companies In The Food And Beverage Industry In Nigeria". Mouau.afribary.org, Mouau.afribary.org, 28 Jun. 2021. Web. 01 Nov. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-company-income-tax-on-the-performance-of-companies-in-the-food-and-beverage-industry-in-nigeria-7-2 >.
TONY, OKORONKWO. "Effect Of Company Income Tax On The Performance Of Companies In The Food And Beverage Industry In Nigeria" Mouau.afribary.org (2021). Accessed 01 Nov. 2024. https://repository.mouau.edu.ng/work/view/effect-of-company-income-tax-on-the-performance-of-companies-in-the-food-and-beverage-industry-in-nigeria-7-2