Effect Of Company Income Tax On Return On Investment (A Study Of Manufacturing Firms In Nigeria)

ABSTRACT

This study examine the effect of company in come tax on financial

performance of manufacturing firms in Nigeria, with consideration to the

brewery industry, as a result of its consistent growth record on the Niqeria

stock exchange. The study used secondary sources of data and expose

facts as the research design simple linear regression analysis was used in

computing the ROI, ROE & ROA. The study revealed that the level of

company income tax has a siqnificant effect on the ROI, ROE & ROA. I

condude that the positive and significant relation between the profitability

and the taxation explanatory variables indicates that policy measures to

expand tax revenue through more effective tax administration will impact

positively on growing the coming forms in Nigeria should incorporate a

corporate tax policy that uses debt financing because these will enhance

the profitability of the firms.