TAX EVASION AND AVOIDANCE AND ECONOMIC DEVELOPMENT: EVIDENCE FROM NIGERIA

Sinebe, Michael Tonbraladoh ()
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Sinebe, Michael Tonbraladoh: Department of Accounting and Finance, Postal: Faculty of the Social Sciences,, Delta State University, Abraka, Nigeria,, https://www.afarng.org/mjms/

Multidisciplinary Journal of Management Sciences, 2021, vol. 3, issue 1, 172-185

Abstract: This research examines the concepts of tax evasion and tax avoidance among firms and analyses their effect on measures developmental impact is has on the Nigerian Economy. Data used in the research were obtained from the records of 145 sampled companies and were aggregated and regression against data on economic development as provided by Human Development Index (HDI) and growth in Nigeria's Gross Domestic Product (GDP). Analyses were done using relevant descriptive statistics which were combined with the regression technique. Findings indicate that tax evasion mechanisms and tax avoidance practices in Nigerian firms' influences the development of the Nigerian economy. It also found that tax evasion and avoidance does not exhibit significant impact on the growth of gross domestic product in Nigeria. This was attributed to the fact that the practices alone are not sufficient in explaining the level of changes in GDP growth in Nigeria. In this light, recommendations were made to include the fact that policy makers should pay more attention on other measures which are capable of influencing the GDP growth rate, since tax evasion and avoidance alone cannot influence the rate of GDP growth significantly.

Keywords: Developing Nation; Listed Companies; Nigeria; Tax Aggressiveness and Tax Shield. (search for similar items in EconPapers)
Date: 2021
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