Designing Taxation Structure For Entrepreneurship In Developing Countries: A Case Study Of Nigeria
Designing Taxation Structure For Entrepreneurship In Developing Countries: A Case Study Of Nigeria

Summary/Abstract: Taxation plays a very prominent role in the development of every economy as well as the growth of entrepreneurship in both advanced and developing countries of the world. In a developing country like Nigeria, the role of the entrepreneur is critical in influencing the socioeconomic development agenda of the country. As such, alignment of the tax structure or system to the specific entrepreneurial growth needs can be regarded as very important agenda for policy makers. Keeping this issue in view, the study aimed at exploring the perception of entrepreneurs about the impact of the tax system in Nigeria and on the profitability of their businesses. The study is premised upon a survey of selected 100 entrepreneurs in Abuja, the Federal Capital of Nigeria. The survey was administered using structured questionnaires and interviews with the selected respondents. Data was analysed by descriptive analysis method, correlation and regression analysis and findings were presented in terms of frequencies and percentages. The Findings indicate that majority of the respondents perceive the negative impact of the existing tax policies or structure on the growth of their businesses and suggest solutions for reforming the entire tax policies in the country.

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