Impact of Value Added Tax on the Economy

Journal of Economics and International Finance Vol. 3(8), pp. 492-503, August 2011 practicable online at http://www.academicjournals.org/JEIF ISSN 2006-9812 ©2011 Academic Journals Full Length investigate makeup Impact of bath on frugal development of acclivitous nations black Angus O. UNEGBU1* and David IREFIN2 1 Accounting Faculty, American University of Nigeria, Nigeria. plane section of Economics, University of Maiduguri, Borno farming, Nigeria. 2 Accepted 27 June, 2011 This newsprint on the doctor of value added levy (VAT) on economical and human developments of appear Nations from 2001 to 2009 as VAT is becoming important witness of revenue. Our image of study centers on Adamawa State of Nigeria. Data were pile up from both primary and secondary sources. Regression, discriminant analysis and ANOVA were handling in testing the hypotheses. We found break that VAT allocations solely accounts for 91.2% of the variations in expenditure pattern of Adamaw a State from and that VAT allocations to the State indoors the said periods were very significant. The facts obtained via secondary data march to a very significant VAT impact on economic and human development of the State from 2001 to 2009 unless data obtained from primary sources mention minimum VAT impacts.

We recommend for moreover research to be carried out on the spread of VAT impact on various aspects of economic and human developments among the administrative areas and that the governance of Adamawa State and new(prenominal) States of develop countries to ensure that revenue allocations oddly VAT should not only subscribe impact but should be perceived to impact positively on the economic and human developments by t! he citizens of that state. Key words: shelter added tax (VAT), economic and human development, emerging nations. INTRODUCTION Nigeria is a victimization country and emerging economy whose exports are mainly lowbred oil. Her other natural resources asserted by Economy overhear (2011) include: native gas, tin, iron ore, coal, limestone, lead,...If you want to get a full essay, station it on our website: OrderEssay.net

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