THE IMPACT OF TAXATION LAW ON INVESTMENT ACTIVITY IN NIGERIA (A CASE STUDY OF GLOBAL SOAP AND DETERGENT INDUSTRY LTD ILORIN)

TABLE OF CONTENT

Title page

Certification ii

Dedication V

Acknowledgement iv

Table of content vii

CHAPTER ONE

INTRODUCTION

1.1 Background of the study V 1

1V Problem of the study 2 

1.3 Research question  3

1.4 Research hypothesis 4

1.5 Plan of the study 4

1.6 Objective of the study I 2 5

1.7 Significant of the study c 6

1 .8 Research methodology V 6

L9 Scope of the study - /. 7

1.10 Definition of term  8

CHAPTER TWO LITERATURE REVIEW

2.1 Preamble 10

2.2 Philosophy of Nigeria taxation 15

2.3 Evaluation of Nigeria taxation 17

2.4 Effect of taxation on cash flow return on investment and research in practical 19

2.5 Effect of taxation on personal income 22

2.6 Personal income gain - 24

CHAPTER THREE

RESEARCH METHODOLOGY

3.1 Methodology and source of data 27

3.2 Interview on taxes from account section of Global

Soap and Detergent Industry Limited Ilorin 28 

CHAPTER FOUR V

PRESENTATION ANALYSIS AND INTERPRETATION OF DATA

4.1 Brief historical development 32

4.2 Organization structure! chart 35

4.3 Presentation analysis and interpretation 36

4.4 Management expenses of investment companies 37

4.3 Federal income personal tax 38

4.4 Federal estate tax 39

4.5 Federal estate and gift taxes 49

CHAPTER FIVE

SUMMARY CONCLUSION AND RECOMMENDATION

5.1 Summary 50

5.2 Conclusion 50

5.3 Recommendation 51

References 55

ABSTRACT

This research work is focused on the impact of taxation law on in vestment activity in Nigerian a case study of Global Soap and Detergent Industry Ilorin the study appraises the significance of a taxation on private industries towards the collection or attainment of the generation of revenue by Nigerian government agencies. This project work will also look into the development and weakness or challenges of VAT value added tax by the Nigerian industries. Tax are the most important source of government revenue which study the impact of taxation Jaw on investment activities in Nigeria could be extensive since there are lot of different business activities in Nigeria. Such as manufacturing company, wholesales, retañ banking insurance, investment, financip sh/p/n7. Literature review is an art of going through all available sources of information on ones chosen research topic with a view to either taken by scholars. Taxes generally have a effect on the profitability of investment tack c/ark said an understanding of some part law is therefore essential to maximizing investment profit. Their endeavor to give an understanding of tax laws affecting investment decision. Research methodclcc. a

of data collection is the major source of information used in this study was published secca-. - from the regulation and edited text.

This research work will also look into the taxation investment insecurities, municipal ccz - .

way of improving public facilities such as schools, playground, park etc the research ,‘ - of management expenses of investment companies because in any company there ms: -

will be controlling, directing, organizing and supervising such company for the improveme: a:: - - - the company. This work will also investigate on the historical background of personal incce

and the reform of the taxation before the desisting current system. Generally this work wiii a : - : - z - the various institute of government uncharged of generating tax from both individual and compar structure of taxation imposed by the government on private individual and companies. Though - - - recommendation of project shows the duty of government to provide incentive and tax benefits to the private and public sector. Also reliable infrastructures and conducive economic enviroiment that would give inspiration to new investors while assisting old one’s to perform better.