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Corporate Tax and Financial Performance of Listed Nigerian Consumer Goods
| Content Provider | Semantic Scholar |
|---|---|
| Author | Kurawa, Junaidu Muhammad Saidu, Hauwa |
| Copyright Year | 2018 |
| Abstract | This paper assesses the effect of company income tax on the financial performance of listed consumer goods companies in Nigeria from 2006-2016. Data for the study was collected from the annual reports and accounts of the companies and regression analysis was used as a technique for data analysis. The study finds that there is an insignificant negative relationship between corporate tax and financial performance using return on assets as a measure. Age and risk however exhibits a positive but not significant relationship with ROA. Size on the other hand shows a positive and significant relationship with performance confirming prior expectations. The study recommends that to improve the financial performance of listed Nigerian consumer goods, services of tax experts are needed to engage in legal tax planning like transfer pricing or structuring intra-company debt in order to reduce the net tax payment. By doing so, the net income after tax will increase which in turn increases financial performance. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | https://iiardpub.org/get/JAFM/VOL.%204%20NO.%204%202018/CORPORATE%20TAX.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
