ABSTRACT
This study focused on the effects of corporate
tax on economic growth ofNigeria. The specific objectives of the study were to:
evaluate the effect of company income tax on gross domestic product ofNigeria,
examine the effect ofpetroleumprofit tax on gross domesticproduct ofNigeria and
examine the effect ofvalue added tax on gross domesticproduct ofNigeria. This
study adopted the Ex-Post Factor research design. The data to be used in the
study will be sourced through the secondary data collection. Thus, the study
will make use ofsecondary data which will be collected from the Central Bank
ofNigeria (CBN) Statistical Bulletin (various years), and internet and journal
publications. All these shall serve as relevant sources of data. The study
employed Ordinary Least Squares (OLS) technique in order to determine the
effect ofcorporate tax on gross domestic product (proxyfor economic growth)
ofNigeria. The study thereafter will make use of the inferential statistics
such as t-statistic, F-statistic, R-squared statistic and Durbin-Watson in
order to establish the effect o fthe independent variable on the dependent
variable (PCI). Based on the findings ofthis studyfrom the test ofthe three
research hypotheses earlierformulated in the study, the researcher has
therefore come to the following conclusions outlined in respect to each
hypothesis. Value added tax has a negative insignificant effect on economic
growth in Nigeria. Petroleum profit tax has a positive significant effect on
economic growth in Nigeria and company income tax has a negative insignificant
effect on economic growth in Nigeria. The study recommended that more attention
should be devoted to how tax revenuefrom petroleum profit tax is remitted.
Frugality, transparency and accountability should be the watchword when
allocating resourcesfrom this tax revenue and economic growth.
NWEKE, S (2024). “Effect of Corporate Tax on Economic Growth of Nigeria:- Nweke Chinedu S. Mouau.afribary.org: Retrieved Oct 30, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-corporate-tax-on-economic-growth-of-nigeria-nweke-chinedu-s-7-2
STANLEY, NWEKE. "“Effect of Corporate Tax on Economic Growth of Nigeria:- Nweke Chinedu S" Mouau.afribary.org. Mouau.afribary.org, 30 Jul. 2024, https://repository.mouau.edu.ng/work/view/effect-of-corporate-tax-on-economic-growth-of-nigeria-nweke-chinedu-s-7-2. Accessed 30 Oct. 2024.
STANLEY, NWEKE. "“Effect of Corporate Tax on Economic Growth of Nigeria:- Nweke Chinedu S". Mouau.afribary.org, Mouau.afribary.org, 30 Jul. 2024. Web. 30 Oct. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-corporate-tax-on-economic-growth-of-nigeria-nweke-chinedu-s-7-2 >.
STANLEY, NWEKE. "“Effect of Corporate Tax on Economic Growth of Nigeria:- Nweke Chinedu S" Mouau.afribary.org (2024). Accessed 30 Oct. 2024. https://repository.mouau.edu.ng/work/view/effect-of-corporate-tax-on-economic-growth-of-nigeria-nweke-chinedu-s-7-2