THE EFFECTS OF CORPORATE TAX ON THE PROFITABILITY OF BUSINESS ORGANIZATION

Download our android mobile app for more materials

ORDER NOW

COMPLETE MATERIAL  COST  N2,500 Or $10.  FRESH  PROJECT MATERIAL  COST 50,000 NAIRA FOR UNDERGRADUATE, OTHERS 100,000 -200,000 NAIRA.

THE NATURE AND CONSEQUENCES OF JUVENILE DELINQUENCY IN NIGERIA: A STUDY OF ENUGU NORTH LGA, ENUGU STATE

Foreign Transaction For Dollars Payment :
Bank Name: GTBank
Branch Location: Enugu State,Nigeria.
Account Name: Chi E-Concept Int’l
 Account Number:  0117780667. 
Swift Code: GTBINGLA 
Dollar conversion rate for Naira is 175 per dollar. 

ATM CARD:  YOU CAN ALSO MAKE PAYMENT USING YOUR ATM CARD OR ONLINE TRANSFER. PLEASE CONTACT YOUR BANK SECURITY FOR GUIDE ON HOW TO TRANSFER MONEY TO OTHER BANKS USING YOUR ATM CARD. ATM CARD OR ONLINE BANK TRANSFER IS FASTER FOR QUICK DELIVERY TO YOUR EMAIL . OUR MARKETER WILL RESPOND TO YOU ANY TIME OF THE DAY. WE SUPPORT CBN CASHLESS SOCIETY. 

OR
PAY ONLINE USING YOUR ATM CARD. IT IS SECURED AND RELIABLE.

form>DELIVERY PERIOD FOR BANK PAYMENT IS  LESS THAN 24 HOURS

CALL OUR  CUSTOMERS CARE  OKEKE CHIDI C ON :  08074466939,08063386834.

AFTER PAYMENT SEND YOUR PAYMENT DETAILS TO

08074466939 or 08063386834, YOUR PROJECT TITLE  YOU WANT US TO SEND TO YOU, AMOUNT PAID, DEPOSITOR NAME, UR EMAIL ADDRESS,PAYMENT DATE. YOU WILL RECEIVE YOUR MATERIAL IN LESS THAN 2 HOURS ONCE WILL CONFIRM YOUR PAYMENT.

WE HAVE SECURITY IN OUR BUSINESS.   

MONEY BACK GUARANTEE

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.

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 are subject to company’s income tax.  The manner of taxing corporate incomes has become crucial not only from the point of view of revenue but also from the point of view of stimulating rapid industrialization.  This has answered one of the reasons why the government has so much interest in tax as a source of fund/revenue.  The huge sum which the government generates from the corporate tax has made the government to put up several act/decrees in respect of corporate tax.  In Nigeria, the company tax act was enacted in 1979, several amendments were made to the original ordinance in 1961 when separate laws were enacted for the tax of income and profit of both individuals and companies.

• OBJECTIVE OF THE STUDY:

The term paper is aimed at identifying the positive and negative ways in which tax payment has affected the profit structure of