- The Complete Research Material is averagely 65 pages long and it is in Ms Word Format, it has 1-5 Chapters.
- Major Attributes are Abstract, All Chapters, Figures, Appendix, References.
- Study Level: BTech, BSc, BEng, BA, HND, ND or NCE.
- Full Access Fee: ₦6,000
Get the complete project »
THE EFFECTS OF CORPORATE TAX ON THE PROFITABILITY OF BUSINESS ORGANIZATION
ABSTRACT
Lucidly written and properly organized, this term paper/project work “THE EFFECT OF CORPORATE TAX ON THE PROFITABILITY OF BUSINESS ORGANISATION” affords the public, corporate bodies and individual opportunities to view and understand the importance and benefits of the effects of corporate tax on the profitability on business organization.
The first chapter provides relevant introduction that is the origin of corporate taxation in Nigeria.
However, the second chapter provides practical framework x-raying the effect of tax on company’s profitability, tax avoidance and tax evasion and revenue which government generate from tax.
Lastly, chapter three provides the summary, conclusion and recommendations.
The reader must realize that it is through the tax that Federal Government of Nigeria generate revenue to financing its expenditure and provision of infrastructural facilities and services, knowing fully well that reading it in detail will be greatly helpful to readers.
TABLE OF CONTENTS
Title page
Approval page
Dedication
Acknowledgement
Abstract
Table of contents
CHAPTER ONE
1.0 Introduction
1.1 Objective of the study
1.2 Scope of the study
1.3 Definition of terms
CHAPTER TWO
2.0 Literature Review
2.1 Effects of tax on the company’s profitability
2.2 Effect in detail
2.3 Discourage company’s saving
2.4 Double taxation payment
2.5 Increase in prices of goods and commodities
2.6 Tax avoidance and tax evasion
2.7 Revenue which government generate from tax
CHAPTER THREE
3.0 Summary, Conclusion and Recommendation
3.1 Summary of Findings
3.2 Conclusion
3.3 Recommendation
Bibliography
CHAPTER ONE
3.0 INTRODUCTION
This topic “effect of corporate tax on the profitability of business organizations” reveals both the positive and negative ways in which tax payment has affected the profit structure of business organizations.
Meanwhile, it will do us good to briefly discuss the origin of corporate taxation in Nigeria. The universality of taxation account for its description as a popular way of raising revenue by Turner and Hunt (Okoye 1998:7). In that light, Benjamin Franklin is quoted to have argued that in this world, nothing certain but death and taxes. In Nigeria in context, income tax was first introduced in Nigeria in 1904 by Lord Luggard who enacted the first income tax statute when he was the high Commissioner for Northern Nigeria. The colonial government in Nigeria like in all other colonized government in Nigeria introduced various taxes in Nigeria in order to tap the financial resources for their operations from the people. In that situation, government taxation want an extension of the network of exploitation of the colonized people.
The post colonial states unavoidably inherited and sustained taxation as one of the government sources of revenue. The first tax on companies was known as the profit tax. This important step involves the taxation of companies at different rate from individuals and union corporate business was followed during the second world war by the introduction of a system of capital.
The corporate tax as we know was introduction in 1965 in Britain. The recent development of this tax is attributed to the fact that until well after the second world war, the corporate form of business was practically non-existing in Nigeria. Being recent it has therefore not received as much as attention from the populace as personal income tax has.
However, with the growth of the economy, the corporate sectors has expanded considerably, bringing more sharply into focus the problem of taxing corporate income, and at exploiting a potentially source of revenue.
Over one thousand (1000) companies were subjected to company’s income tax. In 1963, compared with only about three hundred and fifty (350) in 1960. Now, comparing these figures with the great number of corporate now in existence, presently, we have about three thousand companies, which
You either get what you want or your money back. T&C Apply
You can find more project topics easily, just search
-
SIMILAR ACCOUNTING FINAL YEAR PROJECT RESEARCH TOPICS
-
1. THE ROLE OF ACCOUNTANT IN A CORPORATE FINANCIAL ORGANISATION CASE STUDY OF FIRST BANK OF NIGERIA (ADO BRANCH) ACCOUNTING DEPARTMENT
» CHAPTER ONE INTRODUCTION 1.1. BACKGROUND TO THE STUDY Corporate Financial organizations are setup with the principal objective of creating wealth for ...Continue Reading »Item Type & Format: Project Material - Ms Word | 54 pages | Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
-
2. AN APPRAISAL OF THE IMPACT OF RECAPITALIZATION OF BANKING INDUSTRY ON ECONOMIC GROWTH OF NIGERIA
» ABSTRACT vi One of the major macroeconomic variables that compliment bank performance is availability of capital. Economic theories show that inadequa...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages | Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
-
3. DEVELOPING EFFECTIVE STRATEGY FOR PENSION ADMINISTRATION IN THE NIGERIAN PUBLIC SECTOR (A STUDY OF PENSION COMMISSION RIVERS STATE, NIGERIA)
» CHAPTER ONE 1.0 INTRODUCTION 1.1 BACKGROUND OF THE STUDY The greatest challenge to government worldwide remains the issue relating to pension fund man...Continue Reading »Item Type & Format: Project Material - Ms Word | 80 pages | Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
-
4. IMPACT OF INVENTORY MANAGEMENT ON ORGANIZATIONAL PRODUCTIVITY
» CHAPTER ONE INTRODUCTION 1.1 Background to the Study Inventory planning is an extension of stores keeping, which has been in practice since the histor...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages | Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
-
5. FIRM CHARACTERISTICS AND CAPITAL STRUCTURE OF LISTED OIL AND GAS FIRMS IN NIGERIA
» CHAPTER ONE INTRODUCTION 1.1 Background to the Study All forms ofbusiness organisation whether large or small need money to startand to meet their dai...Continue Reading »Item Type & Format: Project Material - Ms Word | 86 pages | Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
-
6. THE IMPACT OF CORPORATE SOCIAL RESPONSIBILITY ON THE PERFORMANCE OF ACCESS BANK PLC KADUNA
» CHAPTER ONE INTRODUCTION 1.1. BACKGROUND OF THE STUDY Corporate social responsibility is one vital aspect of any business. However, this is one area w...Continue Reading »Item Type & Format: Project Material - Ms Word | 57 pages | Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
-
7. RATIO ANALYSIS FACILITATES PROPER UNDERSTANDING OF INFORMATION CONTAINED IN FINANCIAL STATEMENTS
» ABSTRACT This study explains the various accoutning ratios that can be used in interpreting financial statements of businesses to determine the financ...Continue Reading »Item Type & Format: Project Material - Ms Word | 98 pages | Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
-
8. THE IMPACT OF BUSINESS EDUCATION ON THE ACCOMPLISHMENT OF MILLENNIUM DEVELOPMENT GOAL IN NIGERIA (Case study of Orhiomwan LGA, Edo State)
» CHAPTER ONE INTRODUCTION Background to the Study Biology education has been described as education for and about science (Okwuanaso&Nwazor, 2000;N...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages | Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
-
9. PRODUCTION OF ACTIVATED CARBON USING MORINGA OLIEFERA POD FOR WATER TREATMENT
» CHAPTER ONE 1.0 Introduction Moringa, native to part of Africa and Asia in the sole genus in the flowering plant family moringa cease. The name in der...Continue Reading »Item Type & Format: Project Material - Ms Word | 41 pages | Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
-
10. THE IMPACT OF AUDITORS INDEPENDENCE ON FINANCIAL REPORTING IN NIGERIA
» CHAPTER ONE INTRODUCTION Background of the study The In Nigeria, every incorporated company is required to appoint an external auditor who is required...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages | Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT