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Relationship between Tax Policy, Growth of SMEs and the Nigerian Economy

Atawodi, Ojochogwu Winnie and Ojeka, Stephen (2012) Relationship between Tax Policy, Growth of SMEs and the Nigerian Economy. International Journal of Business and Management, 7 (13). ISSN 1833-8119

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Abstract

This research work tries to establish if any relationship exists between the growth of SMEs and the tax policy environment within which they operate. Using business sustenance and expansion as indices of growth, it analyzes responses obtained questionnaires distributed to SMEs in Zaria, North Central Nigeria. Sampling for the survey was done using the non-probability sampling method specifically by judgmental sampling. The hypothesis was tested using Spearman’s Rank Correlation. Although there is a general perception that that tax is an important source of fund for development of the economy and provision of social services, the study revealed a significant negative relationship between taxes and the business’ ability to sustain itself and to expand. In order to obtain a vibrant and flourishing SME sector, the tax policy needs to be appropriate such that it will not be an encumbrance to the growth of small and medium enterprises.

Item Type: Article
Uncontrolled Keywords: tax policy, SMEs, Nigerian economy
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HF Commerce > HF5601 Accounting
Divisions: Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User: Mrs Hannah Akinwumi
Date Deposited: 27 Jun 2017 09:47
Last Modified: 27 Jun 2017 09:47
URI: http://eprints.covenantuniversity.edu.ng/id/eprint/8509

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