Effect Of Tax Reforms On Government Revenue And Economic Growth In Nigeria (A Case Study Of Federal Inland Revenue Service (Firs) Uyo, Akwa Ibom State)

OBOT UDUAK FRIDAY | 107 pages (15238 words) | Projects

ABSTRACT

This research is carried out to primarily assess the effect of tax reforms on government revenue and economic growth in Nigeria and to determine significant factors militating against effective implementation of tax reforms. The study adopts a combination of survey research design and longitudinal design. Records of federally collected tax revenue from 1981 to 2007 and Gross domestic product in Nigeria were collected. This was complemented with survey data obtained from 250 respondents using research designed questionnaire validated by experts. Descriptive statistics, T - test statistics, correlation and regression techniques were used in analysing the data. Our results show that tax reforms facilitate a shift to a large extent from direct to indirect tax and a significant difference in the mean of federally collected tax revenue over the period of tax reforms in Nigeria. The work further identities lack of equality, multiplicity of tax, poor taxation drive from tiers of government, Compton among tax administrators, tax avoidance and evasion, poor nature of data collection as significant factors that militate against effective implementation of tax reforms. Periodic mean score of 875.528 and 2445.17, standard deviation of 1022.528 and 2096.85 with t-value of 8755.82 and 24451.67 respectively. The study therefore concludes that tax reforms enhance economic growth and development in Nigeria. It enables the economy to be internationally relevant, increasing foreign investment inflows and therefore should be embrace by all.

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APA

OBOT, F (2021). Effect Of Tax Reforms On Government Revenue And Economic Growth In Nigeria (A Case Study Of Federal Inland Revenue Service (Firs) Uyo, Akwa Ibom State) . Mouau.afribary.org: Retrieved Nov 01, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-tax-reforms-on-government-revenue-and-economic-growth-in-nigeria-a-case-study-of-federal-inland-revenue-service-firs-uyo-akwa-ibom-state-7-2

MLA 8th

FRIDAY, OBOT. "Effect Of Tax Reforms On Government Revenue And Economic Growth In Nigeria (A Case Study Of Federal Inland Revenue Service (Firs) Uyo, Akwa Ibom State) " Mouau.afribary.org. Mouau.afribary.org, 29 Jun. 2021, https://repository.mouau.edu.ng/work/view/effect-of-tax-reforms-on-government-revenue-and-economic-growth-in-nigeria-a-case-study-of-federal-inland-revenue-service-firs-uyo-akwa-ibom-state-7-2. Accessed 01 Nov. 2024.

MLA7

FRIDAY, OBOT. "Effect Of Tax Reforms On Government Revenue And Economic Growth In Nigeria (A Case Study Of Federal Inland Revenue Service (Firs) Uyo, Akwa Ibom State) ". Mouau.afribary.org, Mouau.afribary.org, 29 Jun. 2021. Web. 01 Nov. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-tax-reforms-on-government-revenue-and-economic-growth-in-nigeria-a-case-study-of-federal-inland-revenue-service-firs-uyo-akwa-ibom-state-7-2 >.

Chicago

FRIDAY, OBOT. "Effect Of Tax Reforms On Government Revenue And Economic Growth In Nigeria (A Case Study Of Federal Inland Revenue Service (Firs) Uyo, Akwa Ibom State) " Mouau.afribary.org (2021). Accessed 01 Nov. 2024. https://repository.mouau.edu.ng/work/view/effect-of-tax-reforms-on-government-revenue-and-economic-growth-in-nigeria-a-case-study-of-federal-inland-revenue-service-firs-uyo-akwa-ibom-state-7-2

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