Download or read book Tax Structure and Economic Growth in Nigeria written by Damian Nwosu and published by GRIN Verlag. This book was released on 2011-12 with total page 97 pages. Available in PDF, EPUB and Kindle. Book excerpt: Master's Thesis from the year 2010 in the subject Economics - Economic Cycle and Growth, grade: M.Phil/PhD, University of Ibadan, course: Economis, language: English, abstract: This study examined the relationship between tax structure and economic growth in Nigeria using annual data between 1970 to 2007. The motivation is to track the impact of the observed change in the tax structure on economic growth in order to inform policy. Two tax structures namely pre Value Added Tax (VAT) and post VAT were identified and their impacts evaluated. The empirical analysis was anchored on the endogenous growth theoretical framework which allowed for linking tax structures to growth. Econometric models were then developed to explore the relationship between the identified tax structures and economic growth. The first model present a growth equation with average tax rate variable, while the second model is where the specific tax variables were included alongside variables in the first model. The third, fourth and fifth models were used to test the robustness of the second model. This was accomplished basically by introducing additional variables. Prior to the empirical estimations, the standard tests of unit root and co-integration analysis were conducted to ascertain the appropriate estimation procedure and technique(s) to use. The unit root test show that all the variables of the models are stationary at the first difference, while the co-integration analysis indicates that one model out of the five models had no co-integrating relationship, while the rest had co integrating relationships. On the basis of these tests results, the model for which we found no co-integrating relationship was estimated using the Vector Auto Regression (VAR) technique while the others with co-integrating relationship were estimated via the Error Correction Modeling (ECM) technique. Further to this, the Granger Causality test was also conducted to ascertain the direction of causality among the variab

Download or read book A General Theory of Tax Structure Change During Economic Development written by Harley H. Hinrichs and published by . This book was released on 1966 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explores the correlation between size and structure of government revenue systems and socio-economic development.

Download or read book OECD Tax Policy Studies Tax Policy Reform and Economic Growth written by OECD and published by OECD Publishing. This book was released on 2010-11-03 with total page 157 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report investigates how tax structures can best be designed to support GDP per capita growth.

Download or read book Tax Structure And Economic Growth In Nigeria written by Damian Nwosu and published by GRIN Verlag. This book was released on 2011-11-30 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: Master's Thesis from the year 2010 in the subject Economics - Economic Cycle and Growth, grade: M.Phil/PhD, University of Ibadan, course: Economis, language: English, abstract: This study examined the relationship between tax structure and economic growth in Nigeria using annual data between 1970 to 2007. The motivation is to track the impact of the observed change in the tax structure on economic growth in order to inform policy. Two tax structures namely pre Value Added Tax (VAT) and post VAT were identified and their impacts evaluated. The empirical analysis was anchored on the endogenous growth theoretical framework which allowed for linking tax structures to growth. Econometric models were then developed to explore the relationship between the identified tax structures and economic growth. The first model present a growth equation with average tax rate variable, while the second model is where the specific tax variables were included alongside variables in the first model. The third, fourth and fifth models were used to test the robustness of the second model. This was accomplished basically by introducing additional variables. Prior to the empirical estimations, the standard tests of unit root and co-integration analysis were conducted to ascertain the appropriate estimation procedure and technique(s) to use. The unit root test show that all the variables of the models are stationary at the first difference, while the co-integration analysis indicates that one model out of the five models had no co-integrating relationship, while the rest had co integrating relationships. On the basis of these tests results, the model for which we found no co-integrating relationship was estimated using the Vector Auto Regression (VAR) technique while the others with co-integrating relationship were estimated via the Error Correction Modeling (ECM) technique. Further to this, the Granger Causality test was also conducted to ascertain the direction of causality among the variables of the model. The estimated results show that in the first model, average tax bears insignificant relationship with growth rate of real GDP. Likewise, following the introduction of specific tax variables in the modeling, average tax rate and other tax variables were not significant in the determination of economic growth in Nigeria. The results obtained from robustness check models indicate that the signs and significance levels of the tax variables varied with other policy variables that are applied in conjunction with the tax variables. [...]

Download or read book Fiscal and Monetary Policy and Economic Growth in Nigeria A Comparative Analysis written by Emmanuel Elakhe and published by GRIN Verlag. This book was released on 2017-11-20 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: Master's Thesis from the year 2016 in the subject Economics - Other, grade: 3.67, , course: Development Economics, language: English, abstract: The study examined the impact of government fiscal and monetary policies on economic growth within the period of 33 years (1981-2014). Time series data were derived from the Central Bank of Nigeria statistical bulletin, while the method of analysis was the Johansen Cointegration test, vector error correction method and the Wald test of coefficient. The result of the findings showed that there is a significant relationship between explanatory variables (government expenditure, interest rate and money supply) taken jointly and the dependent variable (real gross domestic product) in the long run. The coefficient of error correction term is -0.02 showing a 2% yearly adjustment towards the long run equilibrium. This proves that there is a relationship between the dependent variable- real gross domestic product and the independent variables - government expenditure, money supply and interest rate in the long run. The estimated coefficients of the short run model indicate no significant relationship between the dependent variable real gross domestic product and independent variables government expenditure, money supply and interest rates taken together but individually a short run relationship exist between the fiscal variable (government expenditure) and real GDP and between the monetary variable (money supply and interest rate) and real GDP. The policy implication of these findings is that more strategies needs to be put in place in order to ensure that monetary and fiscal policies taken jointly positively impacts on economic growth the in the shortrun.

Download or read book Taxes and Taxation Trends written by Jolanta Iwin-Garzyńska and published by BoD – Books on Demand. This book was released on 2018-04-20 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: Taxes are a constant part of life for every company and a constant element of economics, finance, and financial law. Any changes observed in the science and theory also apply to the importance and position of taxes in the practice of corporate finance, public finance, and economic growth. Beside this, a new meaning of taxes in the economies of countries in the world and the European Union is introduced. Taxes will always introduce risks and uncertainties in business, due to the high volatility and uncertainty of tax law. Moreover, being a category that affects the economic growth, they cause disturbances in stability and welfare of the state. Therefore, while considering the essence of taxes in a country, one should not consider this category in isolation from corporate finance and social welfare. Two things are certain in the world: death and taxes.

Download or read book Optimal Tax Rate and Economic Growth written by Olufemi Saibu and published by . This book was released on 2020 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt: The recent economic crisis had made developing countries to look inward for financial resources to finance development. The readily alternative is the tax revenues, however, the possible adverse direct and indirect effects of the tax on productivity and work efforts as well as on aggregate consumption had to make some African countries (especially Nigeria and South Africa) reluctant in implementing far-reaching tax policy reform. This paper examines the optimal tax burden and real output growth in Nigeria and South Africa, two of the top four economies in Africa. The paper empirically determined what should be the optimal tax rate for Nigeria and South Africa-the two leading economies in Africa. The paper found that the nonlinearity hypothesis in the effects of tax in the case of South Africa is rejected while a significant nonlinear relationship is found in the case of Nigeria. The results suggest that the growth-maximizing tax rate is about 15% of per capita GDP for South Africa and 30% for Nigeria. At that tax rate, the economic growth rate would be around 6% and 8% instead of the actual mean growth rate of 2.84% and 4.51% for South Africa and Nigeria respectively. The paper concluded the current tax burden in the two countries may be sub-optimal and may hurt long termthe sustainable growth process in the two countries.

Download or read book Effects of Macroeconomic Policies on Tax Revenue written by 'Tunde Adeoye and published by . This book was released on 2006 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Economic Growth Requires Reform of Tax Structure written by Russi Jal Taraporevala and published by . This book was released on 1962 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Nigerian Economy and Current Economic Reforms written by Augustus N. Gbosi and published by . This book was released on 2007 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book An Analysis of the Relationship between Tax Revenue and Public Expenditure in Nigeria written by Zahradden Adam and published by GRIN Verlag. This book was released on 2020-01-07 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bachelor Thesis from the year 2019 in the subject Business economics - Miscellaneous, , course: AN ANALYSIS OF THE RELATIONSHIP BETWEEN TAX REVENUE AND PUBLIC EXPENDITURE IN NIGERIA., language: English, abstract: The study investigatedon the relationship between tax revenue and public expenditure in Nigeria for the period of 1985-2017. To achieve the objective of the study, relevant secondary data were collected from the Central Bank of Nigeria (CBN) Statistical Bulletin. The study set out to test both long run and causal relationship between tax revenue and public expenditure in Nigeria. An empirical investigation was conducted using time-series data on oil revenue, non-oil revenue and capital expenditure from 1985-2017. The technique employed in the study include were Augmented Dickey Fuller test, Johasen Co-integration test, Vector Error Correction Model, Granger Causality test, and diagnostic test. The results shows a significant long-run relationship and a uni-directional relationship between tax revenue and public expenditure in Nigeria.The study recommends that Government should endeavor to provide social amenities to all nooks and crannies of the country as this will boost the level of tax compliance in Nigeria.

Download or read book Fiscal Policy Planning and Management in Nigeria written by Oluranti S. Komolafe and published by . This book was released on 1999 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Tax Structure and Administration in Nigeria written by Nigerian Institute of Social and Economic Research and published by . This book was released on 1988 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Tax Revenue and Economic Growth in Nigeria written by Olubunmi Alao and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examines link between tax revenues and Nigeria's economic growth (Achieving 21st Century). The affiliation is being controlled through studies in the context of tax revenues and economic growth. Growth in the volume of goods and services generated per person is referred to as economic growth. However, taxation has not contributed an optimum role in promoting Nigerian economic growth. E-Views 9.0 is the statistical set used to compute statistics breakdown for the study. The package includes a variety of statistical techniques for conducting data analysis, which will be valued for the study. The Federal Tax Office's annual data was used to produce the dataset, which spans the years 2000 to 2020. Descriptive data, graphical Study, square regression (Multiple regression Analysis), R-Squared-Statistics, and Durbin-Watson data were used to investigate data during the period under consideration to regulate the reality of association among the variables. However, there was no correlation between economic growth and PPT. Taxation is crucial to nation-building, according to the study. Taxation is still a powerful social, political, and economic tool for promoting economic progress.. However, there was no correlation between economic growth and PPT. Taxation is crucial to nation-building, according to the study. Taxation is still a powerful social, political, and economic tool for promoting economic progress.

Download or read book The Effect of Tax Compliance on Economic Growth and Development in Nigeria written by Ishola Akintoye and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The study examined the effect of Tax compliance on economic growth and development in Nigeria. Tax compliance here is proxied in willingness of the citizens to pay tax. This is because tax revenue is an important instrument for economic growth and development in many developing economies like Nigeria, since the internal revenue generated through taxes go a long way in providing funds for the provision of public goods. It also gave an insight into the factors that influence the willingness of citizens to comply. A comparative analysis of the willingness to pay tax by citizens in two (2) large States of the Federation, Lagos and Oyo State was presented. Primary data was collected through the administering of questionnaires to self employed in each senatorial district in Oyo and Lagos States. Frequencies and percentages were used to measure the demographic variables of the respondents, and also the factors that affect the willingness to pay tax, while the Chi-square technique was used to measure the difference between willingness to pay tax of citizens in Lagos and Oyo States.It was discovered that many Nigerians are complying with tax payment and that the willingness of citizens to pay tax in Lagos State is significantly higher than that of Oyo State. From the list of factors that were tested for, Trustworthiness of government, Provision of Infrastructural Amenities, Tax Accountability by Government, Level of government delivery, Income, Morale Ethics, Tax Knowledge, Tax Rate, and The System of Tax Payment were found to influence the willingness to pay tax. The conclusion is that compliance through the willingness of citizens to pay tax is very important and cannot be ignored. It is suggested that government should pay attention to the factors that influence the willingness of citizens to pay tax and improve on them, thereby improving peoples' willingness to pay tax, government revenue and economic growth and development of the nation generally.

Download or read book Taxation Economic Growth and Sustainable Productivity in Nigeria written by Olasunkanmi Olusogo Olagunju and published by . This book was released on 2020 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt: This analysis will vigorously investigate nexus among taxation, economic growth and sustainable productivity in Nigeria. It explained that economic growth and productivity of a country can be impaired by unsustainable tax principles and practices in Nigerian ecosystem. Having dependent on secondary means of data collection and system theory, it is discovered that bad tax system can riskily distort the economic growth and invariably affect the growth and productivity of the economy. Consequently, the research work unveils that viable productivity and/or prolonged growth system in Nigeria are linked to compliance with tax laws, proper implementation of tax policies and adherence to national tax principles in the political system. It therefore concluded that strong relationships exist between taxation, economic growth and the sustainable productivity of the economy. It perhaps concludes that when the tax system, principles and policies are well-articulated and adhered to, it will stimulate the ecosystem for sustainable growth and productivity in the economy. It will undoubtedly recommends some policy perspectives for ameliorating some tax challenges and/or for improving on existing functional tax principles in Nigeria.

Download or read book Building Tax Culture Compliance and Citizenship A Global Source Book on Taxpayer Education Second Edition written by OECD and published by OECD Publishing. This book was released on 2021-11-24 with total page 150 pages. Available in PDF, EPUB and Kindle. Book excerpt: Widespread voluntary tax compliance plays a significant role in countries’ efforts to raise the revenues necessary to achieve Sustainable Development Goals. As part of this process, governments are increasingly reaching out to taxpayers – current and future – to teach, communicate and assist them in order to foster a “culture of compliance” based on rights and responsibilities, in which citizens see paying taxes as an integral aspect of their relationship with their government.