Tax  Obligations and Financial Performance of Listed  Manufacturing Firms in Nigeria

Cecilia Adurayemi  Adu; Alexander Tunde  Oguntuase; Adekunle Christopher  Williams

doi:10.55927/fintech.v2i1.8045

Authors

Cecilia Adurayemi Adu Department of Accounting and Finance, Crawford University, Igbesa Ogun State
Alexander Tunde Oguntuase Department of Accounting and Finance, Crawford University, Igbesa Ogun State
Adekunle Christopher Williams Department of Economics Education, Lagos State, University of Education, Ijanikin, Lagos State

DOI:

https://doi.org/10.55927/fintech.v2i1.8045

Keywords:

Tax, Investment, Profitability, Firms, Government

Abstract

The study examined the impact of tax on the financial performance of some listed manufacturing companies in Nigeria. A simple panel and linear regression were used to analyse the data collected through secondary source. It was found out from the results of the regression analysis that probability value of the independent variable as (0.0001) is less than 5% significance level that tax had significant impact on the investment of manufacturing firms likewise tax has significant impact on the profitability of manufacturing firms. It was recommended that the government should ensure they make tax policies that would favour the manufacturing firms and not force them out of businesses which would also affect the economy as a whole.

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References

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