TAXATION AND SOCIAL SERVICES: EVIDENCE FROM NIGERIA
This study econometrically examined taxation effect on social services in which how taxation incomes finance education services were investigated. Data were collected from FIRS bulletin and CBN statistical bulletin covering 1981 to 2020. To realize econometric impact of taxation on social services,...
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Format: | Article |
Language: | English |
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Department of Accounting and Finance, Federal University Gusau
2022-06-01
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Series: | Gusau Journal of Accounting and Finance |
Subjects: | |
Online Access: | https://journals.gujaf.com.ng/index.php/gujaf/article/view/105 |
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author | ADEGBITE ABDUSSAMAD Olarinde ARIYO-EDU AMINAT ARIKE |
author_facet | ADEGBITE ABDUSSAMAD Olarinde ARIYO-EDU AMINAT ARIKE |
author_sort | ADEGBITE |
collection | DOAJ |
description |
This study econometrically examined taxation effect on social services in which how taxation incomes finance education services were investigated. Data were collected from FIRS bulletin and CBN statistical bulletin covering 1981 to 2020. To realize econometric impact of taxation on social services, regression model, Cointegration, VECM and granger causality wald test were analytically engaged. Petroleum profit tax, company income tax, Value added tax and Custom and Excise Duties have positive significant impact on Social services both in the short run and in the long run in Nigeria. It is concluded that taxation positively ignited education services and vice versa. This displayed bidirectional causality amid taxation and social services. Also taxation has positive significant impact on education services both in the short and long run in Nigeria. The huge revenue earned by the government through taxation assisted government to improve her education and EDUT services. It is recommended that administration of taxes especially company income tax and customs and excise duties should be done in a way that collection and remittance cannot be evaded so that its effectiveness will be properly comprehended in the magnitude of social services provision.
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first_indexed | 2024-04-13T16:32:28Z |
format | Article |
id | doaj.art-752cca88edea42efb9635b12b12fcd37 |
institution | Directory Open Access Journal |
issn | 2756-665X |
language | English |
last_indexed | 2024-04-13T16:32:28Z |
publishDate | 2022-06-01 |
publisher | Department of Accounting and Finance, Federal University Gusau |
record_format | Article |
series | Gusau Journal of Accounting and Finance |
spelling | doaj.art-752cca88edea42efb9635b12b12fcd372022-12-22T02:39:32ZengDepartment of Accounting and Finance, Federal University GusauGusau Journal of Accounting and Finance2756-665X2022-06-0131TAXATION AND SOCIAL SERVICES: EVIDENCE FROM NIGERIAADEGBITE0ABDUSSAMAD Olarinde1ARIYO-EDU AMINAT ARIKE2Al- Hikmah UniversityNorth Central University, Arizona, USAAl- Hikmah University This study econometrically examined taxation effect on social services in which how taxation incomes finance education services were investigated. Data were collected from FIRS bulletin and CBN statistical bulletin covering 1981 to 2020. To realize econometric impact of taxation on social services, regression model, Cointegration, VECM and granger causality wald test were analytically engaged. Petroleum profit tax, company income tax, Value added tax and Custom and Excise Duties have positive significant impact on Social services both in the short run and in the long run in Nigeria. It is concluded that taxation positively ignited education services and vice versa. This displayed bidirectional causality amid taxation and social services. Also taxation has positive significant impact on education services both in the short and long run in Nigeria. The huge revenue earned by the government through taxation assisted government to improve her education and EDUT services. It is recommended that administration of taxes especially company income tax and customs and excise duties should be done in a way that collection and remittance cannot be evaded so that its effectiveness will be properly comprehended in the magnitude of social services provision. https://journals.gujaf.com.ng/index.php/gujaf/article/view/105Social servicesEducationFinancingTaxation |
spellingShingle | ADEGBITE ABDUSSAMAD Olarinde ARIYO-EDU AMINAT ARIKE TAXATION AND SOCIAL SERVICES: EVIDENCE FROM NIGERIA Gusau Journal of Accounting and Finance Social services Education Financing Taxation |
title | TAXATION AND SOCIAL SERVICES: EVIDENCE FROM NIGERIA |
title_full | TAXATION AND SOCIAL SERVICES: EVIDENCE FROM NIGERIA |
title_fullStr | TAXATION AND SOCIAL SERVICES: EVIDENCE FROM NIGERIA |
title_full_unstemmed | TAXATION AND SOCIAL SERVICES: EVIDENCE FROM NIGERIA |
title_short | TAXATION AND SOCIAL SERVICES: EVIDENCE FROM NIGERIA |
title_sort | taxation and social services evidence from nigeria |
topic | Social services Education Financing Taxation |
url | https://journals.gujaf.com.ng/index.php/gujaf/article/view/105 |
work_keys_str_mv | AT adegbite taxationandsocialservicesevidencefromnigeria AT abdussamadolarinde taxationandsocialservicesevidencefromnigeria AT ariyoeduaminatarike taxationandsocialservicesevidencefromnigeria |