Journal: Journal Of Advanced Research In Business And Management Studies
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Abstract
This study investigated the impact of tax incentives on industrial growth of Sub-Sahara
African States using Nigeria and Ghana as case studies. Data were obtained from World
Bank Data Index (WDI), Federal Inland Revenue Services (FIRS), Ghana Revenue
Authority (GRA), Nigerian Investment Promotion Commission (NIPC), Ghana
Investment Promotion Centre (GIPC) and Action-aid International (AAI) for 4-year
period between 2011 and 2014. A linear model of Tax Revenue, Tax Incentives and
Economic Growth, proxied by GDP, was estimated using the Ordinary Least Square
technique. The result indicated a 0.529:1 relationship between tax incentives and GDP,
which show that Africa is not doing much at the moment to encourage productivity.
The result, amongst others, indicate positive effect of tax incentives on industrial and
economic growth, suggesting that increasing tax incentives to productive and priority
sectors of African economy will increase the continent’s gross domestic products. It
was therefore recommended that Sub-Sahara African States should grant more
incentives to those sectors and monitor closely the administration of such incentives
through special parastatals so as to generating relevant financial data of the actual
amount of incentives relative to the economic growth regularly to evaluate the
efficiency of tax incentives in the economy.
SIYANBOLA,T. Samuel,B.A ADEGBIE,F. Mohammad,M.R .
(2017). Tax incentives and industrial and economic growth of Sub-saharan African states, 7
(), 78-78.
SIYANBOLA,T. Samuel,B.A ADEGBIE,F. Mohammad,M.R .
"Tax incentives and industrial and economic growth of Sub-saharan African states" 7, no (), (2017):
78-78.
SIYANBOLA,T. and Samuel,B.A and ADEGBIE,F. and Mohammad,M.R and .
(2017). Tax incentives and industrial and economic growth of Sub-saharan African states, 7
(), pp78-78.
SIYANBOLAT, SamuelBA, ADEGBIEF, MohammadMR, .
Tax incentives and industrial and economic growth of Sub-saharan African states. 2017, 7
():78-78.
SIYANBOLA,Trimisiu ,
Samuel,Babatunji Adedeji,
ADEGBIE,FOLAJIMI ,
and Mohammad,Mizanur Rahman
.
"Tax incentives and industrial and economic growth of Sub-saharan African states", 7 . (2017) :
78-78.
S.Trimisiu S.Babatunji Adedeji A.FOLAJIMI & M.Mizanur Rahman ,
"Tax incentives and industrial and economic growth of Sub-saharan African states"
vol.7,
no.,
pp. 78-78,
2017.