Foreign Direct Investment and Information Communication Technology Taxation Effects on Tax Income Growth

Omodero, Cordelia and Ujah, Promise Iheanyichukwu and Iyoha, F. O. (2022) Foreign Direct Investment and Information Communication Technology Taxation Effects on Tax Income Growth. Revue d'Intelligence Artificielle, 36 (3). pp. 387-393.

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Abstract

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.

Item Type:	Article
Uncontrolled Keywords:	tax policy, general tax income, ICT, artificial intelligence, FDI
Subjects:	H Social Sciences > HF Commerce H Social Sciences > HF Commerce > HF5601 Accounting
Divisions:	Faculty of Law, Arts and Social Sciences > School of Management Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User:	nwokealisi
Date Deposited:	30 Sep 2022 08:46
Last Modified:	30 Sep 2022 08:46
URI:	http://eprints.covenantuniversity.edu.ng/id/eprint/16243

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