Effects of Taxes on Economic Growth in Nigeria. Empirical Analysis of Capital Gains Tax, Value Added Tax, and Company Income Tax

      Аннотация: The Effect of Taxes on Economic Growth in Nigeria is a thesis in the Department of Accounting, Faculty of Management Sciences, submitted to the School of Postgraduate Studies, University of Jos, in fulfillment of the requirements for the award of the degree of Masters of Science ( MSC) Accounting and Finance. In achieving the objectives of this study, data were collected from the Federal Inland Revenue Service, Central Bank of Nigeria Statistical Bulletin and the National Bureau of Statistics. The ordinary least square regression technique was adopted and data analyzed using EViews version 8 to establish the effect of the independent variables (capital gains tax, company income tax and value added tax) on the dependent variable (Gross Domestic Product), covering the period of 2005 -2015. Findings from the study indicates that company income tax and value added tax has significantly and positively contributed to economic growth in Nigeria. While capital gains tax contribution to economic growth is insignificant but positive. It is therefore recommended that there should be a comprehensive review of tax laws in Nigeria to ensure conformity with global best practices.

Ключевые слова: taxation, capital gains tax, company income tax, value added tax and economic growth