Direct Taxes and Agricultural Finance

• Autorzy: Cordelia Onyinyechi Omodero , Opeyemi Ajetumobi
• Języki publikacji: EN

Abstrakty

EN

Research background: Food production financing in Nigeria has been a source of concern for many years, causing the entire country to experience intense food insecurity as a direct consequence of entirely unnecessary insensitivity to what is needful at a time. This research took all of these misgivings into consideration and aims to figure out the degree to which direct taxes could alleviate this pressure by earmarking more direct tax receipts to farming activities. Purpose: The major and particular objective of this study is to investigate the effect of direct taxation on agricultural financing in Nigeria. For this research, direct taxes such as the hydrocarbon tax, taxable income of individuals, and corporate income tax are used. Rsearch methodology: The evaluation is carried out by collecting secondary data from the Organization for Economic Cooperation and Development (OECD) on selected direct taxes and agricultural outlay from the Central Bank of Nigeria's Statistical Bulletin. The study runs from 2012 to 2021. The research utilizes a multiple regression strategy.result: The findings demonstrate that all of the direct tax types examined have a negligible impact on agricultural funding. This leads to the suggestion that Nigerian tax rules be modified to allow for a significant use of tax revenue for agriculture. Novelty: Investigations on agricultural financing through tax receipts have been scarce. This study adds to the small amount of literature in this area and has empirically established the need for an emerging nation to have a tax system that will meet the investment requirements of agricultural productivity. (original abstract)

Słowa kluczowe

EN

Pre-fiscal income; Profit tax; Agricultural finance

PL

Dochód przed opodatkowaniem; Podatek od zysków; Finansowanie rolnictwa

• Czasopismo: Folia Oeconomica Stetinensia
• Rocznik: 2022
• Numer: vol. 22, iss. 2
• Strony: 180--192

Twórcy

autor

Cordelia Onyinyechi Omodero

• Covenant University Ota, Ogun State, Nigeria

autor

Opeyemi Ajetumobi

• Covenant University Ota, Ogun State, Nigeria

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Identyfikatory

DOI

10.2478/foli-2022-0025