Tax Reforms and Tax Yield in Nigeria
This study estimates elasticity and buoyancy of various tax components as well as the impact of tax reforms on tax components in Nigeria between 1981 and 2014. Error correction mechanism (ECM) technique was employed in analyzing the data. The results revealed that: All the tax components were inelas...
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doaj-9fab2efd0b554ad4bed43b8ffb960b4c2020-11-25T01:13:29ZengEconJournalsInternational Journal of Economics and Financial Issues2146-41382017-09-01737687781032Tax Reforms and Tax Yield in NigeriaBassey Okon EbiOluwafemi AyodeleThis study estimates elasticity and buoyancy of various tax components as well as the impact of tax reforms on tax components in Nigeria between 1981 and 2014. Error correction mechanism (ECM) technique was employed in analyzing the data. The results revealed that: All the tax components were inelastic, there was a general improvement in post-reformed tax elasticities ranging from 0.199 to 1.28 with petroleum profit tax and the total tax revenue having coefficients >1, values of tax buoyancies were all positive and <1, with post reform samples buoyancies being greater than that of common samples ranging from 0.13 to 0.93, tax reform was further confirms to improve tax revenues by positive and significant coefficients of the dummies. Based on the findings, the study recommended that: Government should diversify the economy for more development as well as strengthening tax reforms in order to increase overall tax revenue.https://dergipark.org.tr/tr/pub/ijefi/issue/32021/354327?publisher=http-www-cag-edu-tr-ilhan-ozturktax reforms tax elasticity tax buoyancy |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Bassey Okon Ebi Oluwafemi Ayodele |
spellingShingle |
Bassey Okon Ebi Oluwafemi Ayodele Tax Reforms and Tax Yield in Nigeria International Journal of Economics and Financial Issues tax reforms tax elasticity tax buoyancy |
author_facet |
Bassey Okon Ebi Oluwafemi Ayodele |
author_sort |
Bassey Okon Ebi |
title |
Tax Reforms and Tax Yield in Nigeria |
title_short |
Tax Reforms and Tax Yield in Nigeria |
title_full |
Tax Reforms and Tax Yield in Nigeria |
title_fullStr |
Tax Reforms and Tax Yield in Nigeria |
title_full_unstemmed |
Tax Reforms and Tax Yield in Nigeria |
title_sort |
tax reforms and tax yield in nigeria |
publisher |
EconJournals |
series |
International Journal of Economics and Financial Issues |
issn |
2146-4138 |
publishDate |
2017-09-01 |
description |
This study estimates elasticity and buoyancy of various tax components as well as the impact of tax reforms on tax components in Nigeria between 1981 and 2014. Error correction mechanism (ECM) technique was employed in analyzing the data. The results revealed that: All the tax components were inelastic, there was a general improvement in post-reformed tax elasticities ranging from 0.199 to 1.28 with petroleum profit tax and the total tax revenue having coefficients >1, values of tax buoyancies were all positive and <1, with post reform samples buoyancies being greater than that of common samples ranging from 0.13 to 0.93, tax reform was further confirms to improve tax revenues by positive and significant coefficients of the dummies. Based on the findings, the study recommended that: Government should diversify the economy for more development as well as strengthening tax reforms in order to increase overall tax revenue. |
topic |
tax reforms tax elasticity tax buoyancy |
url |
https://dergipark.org.tr/tr/pub/ijefi/issue/32021/354327?publisher=http-www-cag-edu-tr-ilhan-ozturk |
work_keys_str_mv |
AT basseyokonebi taxreformsandtaxyieldinnigeria AT oluwafemiayodele taxreformsandtaxyieldinnigeria |
_version_ |
1725161931149410304 |