ABSTRACT
This dissertation is an
accounting research attempt to explore the impact of tax revenues on the
economic indices of West African Commonwealth Countries from 1981 to 2018. In
line with the altruistic behavior theory of taxation, it seeks to answer questions
on the relevance of tax revenue to various indicators of citizens’ economic
welfare such as gross domestic product growth rate, per capita income, gross
fixed capital formation growth rate, unemployment rate and human development
index. Data were electronically obtained from the official websites of
International Center for Tax and Development, World Bank and Federal Inland
Revenue Services of Nigeria. Ordinary least square regression analysis was
employed in the analyses of hypotheses and findings show that direct tax
revenue of West African Commonwealth countries has positive and significant
impact on their economic indices whereas the indirect tax revenue relates
inversely with the economic indices. The study concludes that taxation remains
a potent tool for development of the group whereas indirect tax revenue
specifically, provides an avenue for further tax revenue optimization for these
countries. Therefore, the study calls for optimization of both tax revenues for
adequate mobilization of government revenue; and also suggests that government
revenue should be properly channeled to boost the economy and overall welfare
of the people as this will promote fiscal responsibility and discipline among
the people of this region.
ONYEKACHI, O (2022). Tax Revenue And Economic Indices Of West African Commonwealth Countries. Mouau.afribary.org: Retrieved Oct 31, 2024, from https://repository.mouau.edu.ng/work/view/tax-revenue-and-economic-indices-of-west-african-commonwealth-countries-7-2
ONYEKACHI, ONYEKACHI. "Tax Revenue And Economic Indices Of West African Commonwealth Countries" Mouau.afribary.org. Mouau.afribary.org, 20 Oct. 2022, https://repository.mouau.edu.ng/work/view/tax-revenue-and-economic-indices-of-west-african-commonwealth-countries-7-2. Accessed 31 Oct. 2024.
ONYEKACHI, ONYEKACHI. "Tax Revenue And Economic Indices Of West African Commonwealth Countries". Mouau.afribary.org, Mouau.afribary.org, 20 Oct. 2022. Web. 31 Oct. 2024. < https://repository.mouau.edu.ng/work/view/tax-revenue-and-economic-indices-of-west-african-commonwealth-countries-7-2 >.
ONYEKACHI, ONYEKACHI. "Tax Revenue And Economic Indices Of West African Commonwealth Countries" Mouau.afribary.org (2022). Accessed 31 Oct. 2024. https://repository.mouau.edu.ng/work/view/tax-revenue-and-economic-indices-of-west-african-commonwealth-countries-7-2