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Tax planning and financial performance of Nigerian manufacturing companies.

Authors: OGUNDAJO Grace , & ONAKOYA Adegbemi

Publication Type: Journal article

Journal: International Journal Of Advanced Academic Research | Social & Management Sciences

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Abstract

The study examined the influence of corporate tax planning on the financial performance of manufacturing firms quoted on Nigerian Stock Exchange using annual reports and accounts of 10 selected firms out of 28 firms listed under consumer goods sector. The study employed Generalized Least Square (GLS) method of regression based on the outcome of Hausman’s model estimation test. The study established that aggressive tax planning such as thin capitalization, tax law incentives and other benefits of loopholes in Nigerian tax laws have not been fully utilized by the Nigerian firms. The study recommended that manufacturing firms in Nigeria should make tax planning as part of the firm’s strategic financial planning, employ the service of expertise in tax practices due the complexity and dynamitic of Nigeria tax laws and also to effectively utilize all-inclusive tax planning strategies available in order to further influence financial performance positively.

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OGUNDAJO,G. ONAKOYA,A. . (0000). Tax planning and financial performance of Nigerian manufacturing companies., 2 (), 64-64.

OGUNDAJO,G. ONAKOYA,A. . "Tax planning and financial performance of Nigerian manufacturing companies." 2, no (), (0000): 64-64.

OGUNDAJO,G. and ONAKOYA,A. and . (0000). Tax planning and financial performance of Nigerian manufacturing companies., 2 (), pp64-64.

OGUNDAJOG, ONAKOYAA, . Tax planning and financial performance of Nigerian manufacturing companies.. 0000, 2 ():64-64.

OGUNDAJO,Grace , and ONAKOYA,Adegbemi . "Tax planning and financial performance of Nigerian manufacturing companies.", 2 . (0000) : 64-64.

O.Grace & O.Adegbemi , "Tax planning and financial performance of Nigerian manufacturing companies." vol.2, no., pp. 64-64, 0000.

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