ABSTRACT
The study investigated on thecontribution of capital gain tax on the economic growth of Nigeria. The major objectives of the study are to determine the contributions of capital gain tax to the economic growth of Nigeria and to examine the effect capital gain tax to total revenue of Nigerian. To achieve the objectives of the study, expost facto design was adopted. The researcher adopted secondary data in getting the required information. CBN statistical bulletin and Federal Inland Revenue Service was used as sources of data. The study covered the period of 10 years ranging froM 2006 to 2015. In testing the hypotheses, regression analysis was used was used. The findings revealed that capital gain tax has a significant effect on gross domestic product of Nigeria. The findings further revealed that capital gain tax has a significant effect on total revenue generation in Nigeria. The researcher recommends that the level of corruption in the management of tax revenue should be minimized to achieve the goals of a good tax system. The researcher also recommends that the tax authority should properly review and evaluate the assessment and collection procedures so as to encourage compliance by the taxpayers.
Title page
Declaration 11
Certification
Dedication
Acknowledgements
Abstract
CHAPTER ONE : INTRODUCTION
1.1 Background of the study 1
1.2 Statement of the problem 5
1.3 Objectives of the Study 6
1.4 Research Questions 6
1.5 Hypotheses for the study 6
1.6 Significance of the Study 6
1. 7 Scope of the study 8
CHAPTER TWO : REVIEWOF RELATED LITERATURE
2.1 Conceptual Framework 9
2.1.lDefinition of Tax 9
2.1.2 Concept of Taxation 9
2.1.3 Taxation in Nigeria 10
2.1.3.lNature and Scopes of tax 10
2.1.4 History of Taxation 13
2.1.4.1The Nature of Capital gains tax 13
2.1.4.2 Chargeable Asset 19
2.1.4.3Rate of Tax and Exemption of Capital g a in s tax 19
2.1.4.4 Exemption of Supernnuation Fund 20
2.1.4.5 Decorations, Stocks and Share 20
2.1.4.6 Capital Gains and Administration and Application 20
2.1.4.7 Reasons for Poor Performance of Capital Gains tax Nig 22
2.1.4.8 Need for Effective Capital Gains tax Revenue in Nig 23
2.1.5 Tax Reforms in Nigeria 23
2.1.5.1 Tax Administration 24
2.1.5.2 Principles of Taxation 25
2.1.6 Identifying Tax Impact 28
2.1.6.1 TaxCompliance 28
2.1.6.2Factors Determining Tax compliance behavior 29
CHAPTERTHREE: RESEARCH METHODOLOGY
3 .1 Research design 43
3.2 Area of the study 43
3.3 Source of Data 43
3 .4 Validity and Reliability of the Instrument 44
3 .5 Data Analysis Technique 44
3.7 Model Specification 44
CHAPTERFOUR :DATA PRESENTATION,ANALYSISAND DISCUSSION ON FINDINGS
4.1 Data Presentation 46
4.2 Data Analysis and Test of Hypothesis 47
4.3 Discussion on Findings 50
CHAPTERFIVE: SUMMARYOFFINDINGS, CONCLUSION AND RECOMMENDATIONS
5 .1 Summary of Findings 52
5 .2 Conclusion 53
5 .3 Recommendations 54
REFERENCES
APPENDIX
UKOHA, A (2021). Contributions Of Capital Gains Tax To Nigeria Economy. Repository.mouau.edu.ng: Retrieved Nov 10, 2024, from https://repository.mouau.edu.ng/work/view/contributions-of-capital-gains-tax-to-nigeria-economy-7-2
ADA, UKOHA. "Contributions Of Capital Gains Tax To Nigeria Economy" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 09 Mar. 2021, https://repository.mouau.edu.ng/work/view/contributions-of-capital-gains-tax-to-nigeria-economy-7-2. Accessed 10 Nov. 2024.
ADA, UKOHA. "Contributions Of Capital Gains Tax To Nigeria Economy". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 09 Mar. 2021. Web. 10 Nov. 2024. < https://repository.mouau.edu.ng/work/view/contributions-of-capital-gains-tax-to-nigeria-economy-7-2 >.
ADA, UKOHA. "Contributions Of Capital Gains Tax To Nigeria Economy" Repository.mouau.edu.ng (2021). Accessed 10 Nov. 2024. https://repository.mouau.edu.ng/work/view/contributions-of-capital-gains-tax-to-nigeria-economy-7-2