出版社：The International Institute for Science, Technology and Education (IISTE)
摘要：This research work focused on a comparative analysis of the VAT of developed and developing economies, with UK and Nigeria as subjects of comparison. Two hypotheses were tested using OLS regression technique from a span of data from 2000 to 2013. Findings revealed that the UK value added tax is not more significant than the Nigeria’s value added tax in influencing economic growth and that the UK value added tax is more significant than the Nigeria’s value added tax in influencing economic development. Implication of findings shows that revenue generated from VAT in developed economies are efficiently utilized with the reverse being the case in developing economies. It was recommended that revenue generated from tax in developing nations should be put into productive activity that will enhance economic growth and development and that a better tax model should be proposed in developed economies to balance the weight of tax burden between the rich and the poor so as to have equilibrium in tax collation.
其他摘要：This research work focused on a comparative analysis of the VAT of developed and developing economies, with UK and Nigeria as subjects of comparison. Two hypotheses were tested using OLS regression technique from a span of data from 2000 to 2013. Findings revealed that the UK value added tax is not more significant than the Nigeria’s value added tax in influencing economic growth and that the UK value added tax is more significant than the Nigeria’s value added tax in influencing economic development. Implication of findings shows that revenue generated from VAT in developed economies are efficiently utilized with the reverse being the case in developing economies. It was recommended that revenue generated from tax in developing nations should be put into productive activity that will enhance economic growth and development and that a better tax model should be proposed in developed economies to balance the weight of tax burden between the rich and the poor so as to have equilibrium in tax collation. Keywords: VAT; EPC; Tax Collation;
