Effect of Tax Reforms on Corporate on Nigerian Economic Development

This study assessed the Effect of Tax Reforms on Nigerian economy. Value Added Tax, Company Income tax, and Gross Domestic Product per Capita was used to measure productivity for a period of twenty eight years spanning from 1992 to 2019. Based on the objectives of the study, four hypotheses were formulated. Ex Post facto research design was adopted. The time series data were obtained from Federal Inland Revenue Services, Central Bank of Nigeria, National Bureau of Statistics and the World Bank Publications. As a preliminary step in testing, the study employed the Augmented Dickey Fully Unit root test to confirm the order of integration of the time series variables. The study employed descriptive statistics and inferential statistics using Pearson correlation, and Regression analysis at the 5 level of significance, the study discovered that Value Added Tax, and Company Income Tax had a substantial negative influence on GDP per capita in Nigeria, whereas Petroleum Profit Tax has a significant positive effect on GDP per capita in Nigeria. It was recommended that government should diversify the economy for more development in order to increase the overall tax revenue base. Ezekwesili Tochukwu P. "Effect of Tax Reforms on Corporate on Nigerian Economic Development" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-6 , October 2021, URL: https://www.ijtsrd.com/papers/ijtsrd46398.pdf Paper URL : https://www.ijtsrd.com/economics/financial-economics/46398/effect-of-tax-reforms-on-corporate-on-nigerian-economic-development/ezekwesili-tochukwu-p