ABSTRACT
The study
investigated the effect ofcapital gain tax on economic growth ofNigeria, from
2008-2018. To achieve this objective, the study specifically investigated the
effect of capital gain tax on gross domestic product growth rate ofNigeria
(GDPGR), effect of capital gain tax on foreign direct investment ofNigeria
(FDI) The study restricted its scope to the period 2008-2018 and data usedfor
the study was adoptedfrom the Central bank statistical bulletin websites and
the Federal Inland revenue services official websites. The simple regression
method was employed as the analytical tool. Findings show that Capital gain tax
as the independent variable has a positive and significant effect on the
Economic growth of Nigeria, which was proxied with Gross domestic product
growth rate andforeign direct investment in Nigeria as the dependent variable.
The study recommends that the attitude ofNigerians to taxation should be
encouraged to grow into voluntary compliance to tax since it has been proved in
this study that capital gains tax and by extension tax revenues has significant
positive impact on various indicators of economic growth. The macro economic
theory of income flow recognizes that government expenditures are received by
the household through the private sector hence the growth in capital gains tax
suggests that government incomes also improves the quantum ofgovernment
expenditure and economic efficiency. On this basis, this study recommends that
citizens are better offpaying their taxes since it will only return to them in
double fold; through government expenditures and better conditions of living
which the governmentprovides.
UFOMBA, A (2024). t Effect of Capital gain tax on the Economic growth of Nigeria:- Ufomba Amarachi Loveth. Repository.mouau.edu.ng: Retrieved Sep 07, 2024, from https://repository.mouau.edu.ng/work/view/t-effect-of-capital-gain-tax-on-the-economic-growth-of-nigeria-ufomba-amarachi-loveth-7-2
AMARACHILOVETH, UFOMBA. "t Effect of Capital gain tax on the Economic growth of Nigeria:- Ufomba Amarachi Loveth" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 26 Jul. 2024, https://repository.mouau.edu.ng/work/view/t-effect-of-capital-gain-tax-on-the-economic-growth-of-nigeria-ufomba-amarachi-loveth-7-2. Accessed 07 Sep. 2024.
AMARACHILOVETH, UFOMBA. "t Effect of Capital gain tax on the Economic growth of Nigeria:- Ufomba Amarachi Loveth". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 26 Jul. 2024. Web. 07 Sep. 2024. < https://repository.mouau.edu.ng/work/view/t-effect-of-capital-gain-tax-on-the-economic-growth-of-nigeria-ufomba-amarachi-loveth-7-2 >.
AMARACHILOVETH, UFOMBA. "t Effect of Capital gain tax on the Economic growth of Nigeria:- Ufomba Amarachi Loveth" Repository.mouau.edu.ng (2024). Accessed 07 Sep. 2024. https://repository.mouau.edu.ng/work/view/t-effect-of-capital-gain-tax-on-the-economic-growth-of-nigeria-ufomba-amarachi-loveth-7-2