Effect Of Capital Gain Tax On Economic Growth Of Nigeria (2008-2017)

ABSTRACTS

This  research  work  was  based  on  the  study  of  effect  of  Capital   Gain  Tax  on  Economic Development  of Nigeria,  my main aim of Objectives  is to assess the effect of capital gain tax on economic  growth of Nigeria.  Other specific Objectives   are to ascertain  the effect of capital  gain on change  in gross  domestic  products  and to examine  the  effect  of capital  gain tax  on capital income.  The period  of study was from  (2008-2017).  The research  design  used  is ex post  facto method  of  data  collection.   The  method  employed  in  carrying  out  the  research  work  was  by secondary data and also simple regression  analysis was used at the inferential  level. In conclusion capital  gain tax  has positive  and  insignificant  effect  on gross domestic  product  of Nigeria  and government  should  ensure  effective  utilization  of the  income  accrued  by taxation  to encourage continuity in tax payment  by the tax payers by providing them with social amenities .