ABSTRACT
This study examines the impact of
tax revenues on Nigeria economic growth for aperiodof9 years (2005 to2014).
Time series data were applied in Carrying out this research work. Econometric
model of data analysis was adopted in the study, the hypotheses on the
significance of the relationship between tax revenue and Nigeria economic
growth was tested with multiple regression analysis to analyse the data. The
findings reveal that petroleum profit tax, company income tax, value added tax
and personal income tax have a positive impact on Nigeria 's economic growth
while custom excise and duties impacted negatively but overall, a significant
relationship between tax revenue and the Nigerian economic growth exists. The
utilization of the generated revenue from taxes calls for serious concern, and
requires a special attention of policy makers, non-compliance with tax laws on
the part of the tax payers is a hindrance and ineffective administration of tax
has given enough loop holes for tax evasion, the consequence of which is poor
revenue. Therefore the researcher recommends among others that only skilled and
professionals and trustworthy hands be responsible for tax administration and
the general public should be educated right from the grass root on the
importance of taxes to the entire nation:
MICHAEL, U (2021). Effect Of Tax Revenue On Nigeria Economic Growth (2005-2014). Mouau.afribary.org: Retrieved Nov 27, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-tax-revenue-on-nigeria-economic-growth-2005-2014-7-2
UNIVERSITY, MICHAEL. "Effect Of Tax Revenue On Nigeria Economic Growth (2005-2014)" Mouau.afribary.org. Mouau.afribary.org, 19 Jul. 2021, https://repository.mouau.edu.ng/work/view/effect-of-tax-revenue-on-nigeria-economic-growth-2005-2014-7-2. Accessed 27 Nov. 2024.
UNIVERSITY, MICHAEL. "Effect Of Tax Revenue On Nigeria Economic Growth (2005-2014)". Mouau.afribary.org, Mouau.afribary.org, 19 Jul. 2021. Web. 27 Nov. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-tax-revenue-on-nigeria-economic-growth-2005-2014-7-2 >.
UNIVERSITY, MICHAEL. "Effect Of Tax Revenue On Nigeria Economic Growth (2005-2014)" Mouau.afribary.org (2021). Accessed 27 Nov. 2024. https://repository.mouau.edu.ng/work/view/effect-of-tax-revenue-on-nigeria-economic-growth-2005-2014-7-2