Our Archives

Call 09159097300, or 09067754232 for any enquiries.

Project Topic:

EFFECT OF DOUBLE AND MULTIPLE TAXATION ON SMALL AND MEDIUM SCALE ENTERPRISES IN NIGERIA: A CASE STUDY OF CADBURY

Project Information:

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 70 ::   Attributes: Questionnaire, Data Analysis,abstract, table of content, references ::   3,706 people found this useful

Project Body:

1.0 INTRODUCTION

1.1 BACKGROUND OF STUDY

Any state has exclusive competence in the field of taxation, under which it is unrestrained to establish and collect taxes in the territory of the sovereign. Tax sovereignty allows each country the freedom to establish a tax system which they established on its territory, to define taxes that make up the system, specify the subjects of taxation, to determine the tax base, imposing size quotas, setting time limits for payment, to grant tax exemptions to establish tax penalties, to establish remedies and procedure tax dispute resolution, etc. (Condor, 2009) International double taxation a tax report implies the existence of a strange elements. That is, because the topic subject to taxation (natural or legal) is a non-resident, would mean that he should be taxed on the territory of another State in accordance with the rules for the taxation of his State of residence. Apply directly to the same tax and taxable materials for the same period of time by the public authorities of different countries, the phenomenon of international double taxation for tax purposes. The phenomenon of double taxation occurs, not because of the different structures of the tax systems, but due to the distinct concepts that underlie the imposition. (Buziernescu, 2009) In general, where the phenomenon (legal or economic double taxation) appear, are determined by the fact that Governments apply taxes on the income of those territories by the subjects of taxation, local and foreign, and furthermore subject to taxes and income from its own citizens abroad. The majority of individuals and legal entities engaging in obtaining income or own real property in several countries, the free circulation of capital and became a reality for the majority of economic agents and not only. (Radulescu, 2011). It appears so, naturally, the question of establishing the public authority competent to carry out the imposition of income and wealth, respectively held by natural or legal persons of a State in the territory of another State. Since the imposition of taxes is a duty of each State, and the settlement and collection is the competence of the legislature of that State can be reached from the situation as certain income is subject to taxation in the country of origin, as the destination of the income in question. The same can happen with a particular wealth: to claim tax on her and the State in whose territory the property is subject to taxation as the residing owner of the property in question (or whose citizen they are). For example, selling a property situated in another Member State may be liable to tax in that State, but also in the State of residence of the subject of taxation. This means, basically, a double taxation of the same taxable materials belonging to the same topic, for the same period of time, which is obviously biased. Resolution of this problem can be done only by an agreement made between the interested States to establish for each category of income and wealth that is competent to levy tax. The development of foreign trade in value of the materials and international economic cooperation, among other measures required and to find appropriate means in order to avoid double taxation of operations with revenue made of outbound, which ensure their normal development and flourishing reciprocal partners in promoting and improving international cooperation in further. Since double and multiple taxation affects the efficiency and competitiveness of exports of goods, external, international elimination of double taxation in order to represent a necessity to ensure an improvement of the economic relations at the international level. Why international elimination of double taxation is a concern of all States and amid its legal abolition is the development of international tax conventions called Conventions for the avoidance of double taxation. Double and multiple taxation tax may constitute an obstacle to optimal allocation of capital investments and productive activities and precisely why it is believed that removing them is a fundamental economic policy side and the tax of Governments

1.2 STATEMENT OF PROBLEM

Although there was a general perception that tax is an important source of fund for development of the economy and provision of social services, the problems faced are in the area of negative relationship between taxes and the business’ ability to sustain itself and to expand, SMEs are faced with the problem of high tax rates, double and multiple taxation, complex tax regulations and lack of proper enlightenment or education about tax related issues. Not minding other challenges that SMEs are facing in other developing countries like Nigeria; inadequate capital, poor technical and managerial skills, environmental effects and the government regulations which is most affecting the operation of SMEs in Nigeria especially this issue of multiple taxation which is a worm eating deeply and the large chunk of revenues generated by these SMEs for their growth and survival. These have led to increase in record of dearth of Small and Medium Scale Enterprise (SMEs)

1.3 AIM AND OBJECTIVES OF THE STUDY

The main aim of the research work is to determine the effect of double and multiple taxations on small and medium scale enterprises in Nigeria. Other specific objectives of the study are:

  1. to determine the relationship between the influence of double and multiple taxation on small and medium scale enterprises in Nigeria
  2. to determine the extent to which double and multiple taxation has affected Cadbury Nigeria plc
  3. to determine the effect of double and multiple taxation on the profitability of SMEs
  4. to determine the causes of double and multiple taxation in Nigeria
  5. to proffer solution to the above problem

1.4 RESEARCH QUESTIONS

The study came up with research questions so as to ascertain the above stated objectives of the study. The research questions for the study are:

  1. What is the relationship between the influence of double and multiple taxations on small and medium scale enterprises in Nigeria?
  2. To what extent to have double and multiple taxations affected Cadbury Nigeria plc?
  3. What is the effect of double and multiple taxation on the profitability of SMEs?
  4. What are the causes of double and multiple taxations in Nigeria?

1.5 STATEMENT OF RESEARCH HYPOTHESIS

H0: there is no significant relationship between the influence of double and multiple taxations on small and medium scale enterprises in Nigeria

H1: there is significant relationship between the influence of double and multiple taxations on small and medium scale enterprises in Nigeria

1.6 SIGNIFICANCE OF STUDY

The study on the effect of double and multiple taxations on small and medium scale enterprises in Nigeria will be of immense benefit to Cadbury Nigeria plc in the sense that the study will determine the effect of double and multiple taxation on the profitability level in Cadbury Nigeria plc. The study will serve as a repository of information to other researchers that desire to carry out similar research on the above topic. Finally the study will contribute to the body of existing literature and knowledge in this field of study and provide a basis for further research

1.7 SCOPE OF STUDY

The study on the effect of double and multiple taxations on small and medium scale enterprises will focus on Cadbury Nigeria plc because it is closer to the researchers and it is also a big tax paying organization. The study will cover areas like double and multiple taxations, the relationship between the influence of double and multiple taxations on the small and medium scale enterprises in Nigeria.

1.8 LIMITATION OF STUDY

Financial constraint- Insufficient fund tends to impede the efficiency of the researcher in sourcing for the relevant materials, literature or information and in the process of data collection (internet, questionnaire and interview).

Time constraint- The researcher will simultaneously engage in this study with other academic work. This consequently will cut down on the time devoted for the research work

1.9 DEFINITION OF TERMS

Taxation: Taxation is a term for when a taxing authority, usually a government, levies or imposes a tax on small and medium scale enterprises

Multiple taxation: Multiple taxation occurs when a single amount of money is taxed more than once, often by two or more different authorities in a way that may be unfair or illegal

Vat: value-added tax (VAT) is a consumption tax placed on a product whenever value is added at each stage of the supply chain, from production to the point of sale

 


Get The Complete Project »

Project Department:

MORE SMES & ENTREPRENEURSHIP FREE UNDERGRADUATE PROJECT TOPICS AND RESEARCH MATERIALS

Instantly Share this Project On Social Media:

CLOSELY RELATED SMES & ENTREPRENEURSHIP FREE UNDERGRADUATE PROJECT TOPICS AND RESEARCH MATERIALS

A CRITICAL ANALYSIS OF THE ROLE OF BANK OF INDUSTRY TOWARDS THE DEVELOPMENT OF SMALL AND MEDIUM SCALE ENTERPRISES IN NIGERIA

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 65 ::   Attributes: Questionnaire, Data Analysis, Abstract  ::   4906 engagements

CHAPTER ONE INTRODUCTION 1.1. BACKGROUND OF THE STUDY The study of the role of government agencies towards the development of small scale enterprises is quite interesting. These enterprise have a...Continue reading »

AN APPRAISAL OF MATERIAL MANAGEMENT CONCEPT AS A STRATEGY FOR ACHIEVING HIGHER PRODUCTIVITY IN NIGERIAN BOTTLING COMPANY

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 63 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   12460 engagements

CHAPTER ONE INTRODUCTION 1.1 Background of the Study The Need for Appraisal of Material Management Concepts as a strategy for achieving higher productivity and to make up with the growing complexi...Continue reading »

AN ANALYSIS OF THE IMPACT OF NAPEP ON ENTREPRENEURSHIP DEVELOPMENT IN NIGERIA (A CASE STUDY OF ABIA STATE)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 82 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   5002 engagements

CHAPTER ONE INTRODUCTION 1.1. Background of the Study Poverty and unemployment represent the biggest challenges to government in Nigeria. Unemployment rate continue to rise alarmingly, poverty has...Continue reading »

AN ANALYTICAL STUDY OF CREDIT FACILITIES TO SMALL SCALE FARMERS IN NIGERIA (A STUDY OF SMALL-SCALE FARMERS IN OHAOFIA LOCAL GOVERNMENT AREA OF ABIA STATE)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 84 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   3955 engagements

CHAPTER ONE INTRODUCTION 1.1. BACKGROUND OF THE STUDY Agriculture according to Longman Dictionary of Contemporary English (New Edition) is the science or practice of farming. Agriculture has a ke...Continue reading »

EFFECT OF CAPITAL ALLOWANCES ON THE PERFORMANCE OF SMALL AND MEDIUM SCALE ENTERPRISES (A CASE STUDY OF SELECTED CONSTRUCTION COMPANIES IN NIGERIA)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: N/A ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   7891 engagements

CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Historically, Nigeria’s experience of taxation predates the colonial period. The Hausas of Northern Nigeria were paying taxes, though in...Continue reading »

EFFECTS OF MULTIPLE TAXATIONS ON BUSINESS SURVIVAL IN NIGERIA

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 59 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   7657 engagements

CHAPTER TWO 2.1. REVIEW OF RELATED LITERATURE Taxation is one of the major fiscal policies the government of any nation such as Nigeria can use to achieve economic stability and in the financing of ...Continue reading »

What are you looking for today?

TESTIMONIALS:

  • 1. Jayone from FPA said " I had a wonderful experience using UniProjectMaterials,though they did not deliver the material on time, but the content had good quality. I recommend UniProjectMaterials for any project research work.".
    Rating: Very Good
  • 2. Mugisha R from B.U, UGANDA said "Wow, this is great, your materials has helped me alot. Many blessings. I will inform my friends. Thanks. ".
    Rating: Very Good
  • 3. Nwachukwu Ruth Chinyerr from Michael okpara university of Agriculture,umudike said "I really appreciate this. Materials like this are good guides to writing a researchable project.".
    Rating: Good
  • 4. Ibrahim Salama from Kaduna said "Thanks You So Much Sir We Appreciate ".
    Rating: Excellent
  • 5. Ibrahim Salama from Kaduna said "Thanks You So Much Sir We Appreciate ".
    Rating: Excellent
  • 6. Mohammed A.B from Veterinary Laboratory, Zanzibar ,Tanzania said "You are doing good job to assists in research. God bless you.".
    Rating: Very Good

Paper Information

Format:ms word
Chapter:1-5
Pages:70
Attribute:Questionnaire, Data Analysis,abstract, table of content, references
Price:₦3,000
Get The Complete Project »

Best Selling Projects

Our Archives