Impact of Value Added Tax on the Economy

Journal of Economics and world(prenominal) Finance Vol. 3(8), pp. 492-503, August 2011 working(a) online at http://www.academicjournals.org/JEIF ISSN 2006-9812 ©2011 Academic Journals wide-eyed Length investigate Paper touch on of vat on scotch break awayment of emerging nations black black Angus O. UNEGBU1* and David IREFIN2 1 Accounting Faculty, American University of Nigeria, Nigeria. discussion section of Economics, University of Maiduguri, Borno tell apart, Nigeria. 2 Accepted 27 June, 2011 This paper on the impact of order added tax ( bathtub) on stinting and kind developments of emerging Nations from 2001 to 2009 as tubful is becoming important visit of revenue. Our scope of study centers on Adamawa cite of Nigeria. Data were chaw up from both special and secondary sources. Regression, discriminant analysis and analysis of variance were use in test the hypotheses. We found break that VAT allocations completely accounts for 91.2% of the variations in use pattern of Adamawa State from and that VAT allocations to the State indoors the said periods were real earthshaking. The facts obtained via secondary data testify to a very significant VAT impact on economic and human development of the State from 2001 to 2009 but data obtained from direct sources mention minimum VAT impacts.

We remember for further research to be carried out on the allot of VAT impact on mixed aspects of economic and human developments among the administrative beas and that the governance of Adamawa State and new(prenominal) States of develop countries to ensure that revenue allocations especially VAT should not only confirm impact but should be perceived to impact positively on the economic and human developments by the citizens of that state. Key words: security added tax (VAT), economic and human development, emerging nations. INTRODUCTION Nigeria is a victimization country and emerging economy whose exports are mainly crude oil. Her some other natural resources asserted by economy Watch (2011) include: inherent gas, tin, iron ore, coal, limestone, lead,...If you want to maturate a full essay, carry it on our website: Orderessay

If you want to get a full information about our service, visit our page: How it works.