Assessment Of The Impact Of Capital Gain Tax On Nigeria Economy (2006 - 2017):- Onyebuchi Faith O

ABSTRACT

This study examined the Impact ofCapital Gain tax on Nigeria Economy. Secondary data was used and it was sourced from FIRS Statistical Bulletin and CBN Statistical Bulletin. The data coveredfrom 2006 - 2015. The econometric tool used was simple regression analysis. From the results, it wasfound that capital gain tax has no significant impact on gross domestic product of Nigeria and capital gain tax has a significant impact on total revenue generation in Nigeria. Based on the findings, It was recommended that the economy ofNigeria should be restructured for taxation to play a major source ofnon-oil revenue, tax reforms should be made less complex and the level ofcorruption in the management oftax revenue should be minimized to achieve the goals ofa good tax system