التفاصيل البيبلوغرافية
| العنوان: |
Petroleum Profit Tax and Foreign Direct Investment In Nigeria. |
| المؤلفون: |
Abdelkader, Nassour, Efanga, Udeme Okon, Gherici, Abed Abdelkrim |
| المصدر: |
International Conference on Applied Business & Management; Jun2024, p352-372, 21p |
| مصطلحات موضوعية: |
PETROLEUM taxation, FOREIGN investments, INTERNAL revenue, FISCAL policy, TAX rates, DIRECT taxation, TAX incentives |
| مصطلحات جغرافية: |
NIGERIA |
| الشركة/الكيان: |
CENTRAL Bank of Nigeria |
| مستخلص: |
Purpose: The main objective of this study was to assess the impact of Petroleum Profits Tax on Foreign Direct Investment in Nigeria. Methodology: The design selected for this study was ex-post. Data used for the analysis was obtained from the Central Bank Statistical Bulletin and the Federal Inland Revenue Service Annual Reports. To achieve this objective, a model based on empirical and theoretical studies was formulated. In this model, foreign direct investment inflows into Nigeria were used as the dependent variable and Petroleum Profits Tax was used as the independent variable in the model. The study used the Fully Modified Least Squares (FMOLS) model for data analysis. Results: The findings from this study indicate that the Petroleum Profits Tax has a significant negative impact on foreign direct investment in Nigeria with the P-value of the study being 0.0078. From the conclusion the researcher concluded that the tax has a significant negative impact on foreign direct investment in Nigeria. Based on the above, the researcher recommended that the government and relevant monetary authorities review the tax policy by reducing tax rates and providing tax incentives and tax relief to companies operating in the downstream sector in Nigeria to encourage further investment in Nigeria. Originality: This study is overall original and novel and the above mentioned author is the sole author of this paper. [ABSTRACT FROM AUTHOR] |
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| قاعدة البيانات: |
Complementary Index |
