Personal Income Tax and Human Development

Ruth Ayomide Olayode () and Cordelia Onyinyechi Omodero ()
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Ruth Ayomide Olayode: Covenant University
Cordelia Onyinyechi Omodero: Covenant University

EuroEconomica, 2021, issue 2(40), 64-80

Abstract: This exploration tests the contribution and effect of personal income tax on the economic state of Nigeria for the long-term human development of citizens. This survey is critical since the government’s existent revenue base, due to a variety of factors, has to be diversified and expanded. The study used the Ordinary Least Squares (OLS) technique and the integration test from 2010 to 2019 to analyze the federal and state personal income tax contribution to Nigerian human development, as well as to examine the effect, influence, and correlation between the independent variable and its dependent variable. Results show that increasing the contribution of both PITF and PITS by 1% increase the human development of the citizens by 0.42%. According to the study, because personal income tax has demonstrated potential as a source of alternative income, conditions for residents to develop so that taxes from them may be useful and should be set in the long run.

Keywords: Taxation; Social welfare (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:dug:journl:y:2021:i:2:p:64-80

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