ABSTRACT
Foreign Direct
Investment plays a very important role in the development of the economy. However,
it is usually affected by corporate
income tax. The objective of the study was to ascertain
the effect of corporate income tax on
foreign direct investment in Nigeria. Ex-post
facto design was chosen for the research because the researcher made use of
data which were already in existence, while secondary data used in the research
was derived from Central Bank of Nigeria Statistical Annual Report and Federal
Inland Revenue Service Annual Report. Furthermore, Foreign Direct Investment
inflow was used as Dependent variable while Petroleum profit tax, Corporate
income tax and Education tax were
dependent variables. In addition, Augmented Dickey-Fuller unit root test
used in testing time series data showed that it was stationery and integrated
at first difference. The study also made use of ordinary least square simple
regression in analyzing the effect of
corporate income tax on foreign direct
investment. The result of the study showed that Education tax, company income
tax and petroleum profit tax had a significant effect on foreign direct investment.
The study therefore recommended that government should ensure that there is
effective monitoring on petroleum sector to enhance its revenue. Also policy
makers on corporate tax laws should articulate ways to provide incentives to
attract foreign direct investment.
-- (2023). Effect Of Corporate Income Taxation On Foreign Direct Investment In Nigeria . Mouau.afribary.org: Retrieved Oct 31, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-corporate-income-taxation-on-foreign-direct-investment-in-nigeria-7-2
--. "Effect Of Corporate Income Taxation On Foreign Direct Investment In Nigeria " Mouau.afribary.org. Mouau.afribary.org, 24 May. 2023, https://repository.mouau.edu.ng/work/view/effect-of-corporate-income-taxation-on-foreign-direct-investment-in-nigeria-7-2. Accessed 31 Oct. 2024.
--. "Effect Of Corporate Income Taxation On Foreign Direct Investment In Nigeria ". Mouau.afribary.org, Mouau.afribary.org, 24 May. 2023. Web. 31 Oct. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-corporate-income-taxation-on-foreign-direct-investment-in-nigeria-7-2 >.
--. "Effect Of Corporate Income Taxation On Foreign Direct Investment In Nigeria " Mouau.afribary.org (2023). Accessed 31 Oct. 2024. https://repository.mouau.edu.ng/work/view/effect-of-corporate-income-taxation-on-foreign-direct-investment-in-nigeria-7-2