Impact Of Company Income Tax Revenue On The Economic Growth Of Developing Countries: A Comparative Analysis Of Selected Countries In Africa

ABSTRACT

This study assessed the impact of company income tax revenue on the economic growth of developing countries. The main objectives of this study is to determine if there is any significant difference in the contribution of company's income tax revenue to the total tax revenue among developing African countries, to evaluate the effect of company 's income tax revenue on the total tax revenue of developing African countries, to evaluate the effect of company 's income tax revenue on economic development (RGDP) of developing African countries and To determine if there is any significant difference in the contribution of the company's income tax revenue on economic development (RGDP) among developing African countries. Two hypothesis were formulated in its null from. The population of study covers the entire economy of Nigeria, Ghana and Togo between the periods of 2000 to 2018, The source of data for this study was secondary data from World Bank Annual Statistical Bulletin and Federal Inland Revenue services (FIRS) journal ANOVA and Simple Regression Analysis ANOVA: Analysis of Variance was used for (Ho₁ and Ho₄). This study revealed that there is relationship between Company Income Tax Revenue, Total Tax Revenue and Economic Development (RGDP).