Foreign Direct Investment and Information Communication Technology Taxation Effects on Tax Income Growth
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The necessity to confirm the effectiveness of ICT tax and FDI to government income from
tax in Nigeria. The policy to levy ICT-based enterprises appears to raise firms' tax burdens,
however it requires rigorous analysis to determine if this policy should be amended or
supported. The purpose of this study is to look into the boost that ICT taxes and FDI inflows
have brought to tax revenue collection in Nigeria. The study employs descriptive and
inferential statistics, different diagnostic tests, and ordinary least squares techniques to
analyze the efficacy of ICT taxes and FDI in increasing general tax income. The analysis
shows that ICT tax has a positive and considerable impact on tax revenue, whereas FDI
inflows have a somewhat favorable impact but have no effect on tax revenue. The global
growth of ICT and the accompanying tax in Nigeria has certain economic and financial
ramifications that have not been examined. Several researches on ICT and FDI have been
published, however this unusual taxing feature has yet to be explored in the current studies.
Keywords
HF Commerce, HF5601 Accounting