Effectiveness Of Income Tax For Higher Revenue Generation In Nigeria

ABSTACTThe study empirically examines the relationship between income tax and its impact on total revenue. In line with the objectives of this study, secondary data were obtained from central bank of Nigeria statistical bulletin and Federal Inland Revenue Service covering the period of 2000 to 2011. In concluding the analysis, multiple regressions and statistical package for social science were employed to analyze data on such variables; company income tax, petroleum profit tax, personal income tax and education tax. They were all found to have a significant relationship with total federally c…