Tax Incentives Catalyst For Industrial Development And Economic Growth
This research work intends to examine tax incentives as a catalyst for industrial development and economic growth in Nigeria. It also seek to evaluate the extent to which individuals and companies have been responding to the incentive scheme, show how these incentives have been helping existing industries and firms in expanding their areas of operation and to know if the expected result of these incentives are achieved by the industries and firms who benefit from these reliefs using four industries and firms located at Portharcourt, in Rivers state having considered the type of incentive being offered to them by the government. In pursuance of this research study, data will be gathered from the income Tax Management Acts, Newspapers, Libraries, Journals and questionnaires. Some challenges that will be faced by the researcher in the course of carrying out this study include financial and time constraint, unco-operative attitude of the respondents, irrelevant or unreliable information obtained from oral interviews and that of getting an exeat from the school authorities. Finally, recommendations will be made from the summary of findings and conclusion of which if implemented by the tax experts, consultants, individuals, and economic analysts, will enhance the overall aim and performance of the tax incentive scheme towards industrial development and economic growth
This research work on tax incentive as a catalyst for industrial development and economic growth in Nigeria was primarily undertaken to evaluate the effectiveness of tax incentives in developing the Nigerian economy, the extent to which individuals and companies have been responding to the incentive scheme, and how these incentives have been stimulating and motivating these bodies on employment opportunities. The researcher also intends to examine how these incentives has helped the existing industries and firms in expanding their areas of operation and to know if the aim of granting these incentives are being achieved by the government and implemented by the beneficiaries. An empirical study using a well structured questionnaire to assess the relationship that exists between tax incentives, industrial development and economic growth using four different incorporated industries and firms in Portharcourt, Rivers state having considered the type of incentives offered to them by the government. A total number of seventy-five (75) questionnaires were specifically administered to the top and middle management staff (CEO’s managers and Accountants) of these industries and firms and a total number of (60) sixty were retrieved. The hypothesis formulated were tested using the chi-square (X2) method and it was discovered that the tax incentives granted were inadequate to sustain the desired development for which it was granted. Finally, recommendations were made as regards variables which will enhance tax incentives towards industrial development and economic growth.
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CHAPTER ONE
1.0 INTRODUCTION
1.1 Background of the study
1.2 Statement of problem
1.3 Purpose of the study
Research questions
1.4 Significance of the study
1.5 Scope of the study
1.6 Limitation of the study
1.7 Hypothesis formulated
1.8 Definition of terms
CHAPTER TWO
2.0 REVIEW OF RELATED LITERATURE
2.0 INTRODUCTION
2.1 Criticism of the tax incentives scheme
2.2 Argument for tax incentives
2.3 The impact of tax incentives
2.4 Petroleum profit tax act 2004
2.5 Capital allowance
2.6 Companies income tax (cita 2007)
2.7 Industrial development income tax act 2004.
2.8 Other tax incentives in Nigeria
CHAPTER THREE
3.0 RESEARCH METHODOLOGY
3.1 Introduction
3.1 Research design
3.2 Sources of data
3.3 Population of the study
3.4 Sample and sampling method
3.5 Validity of instruments
3.6 Reliability of instruments
3.7 Data analysis
CHAPTER FOUR
4.0 DATA PRESENTATION AND ANALYSIS INTRODUCTION
4.1.0 Data Presentation
4.2 Data Analysis
4.3 Research Question Analysis
4.4 Test Of Hypothesis
This “Tax Incentives Catalyst For Industrial Development And Economic Growth” file contains 5 Chapters, 111 Pages and 16,547 Words.
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