financeФинансы: теория и практика/Finance: Theory and PracticeFinance: Theory and Practice2587-56712587-7089Financial University under The Government of Russian Federation10.26794/2587-5671-2024-28-1-75-84finance-2680Research ArticleНАЛОГОВАЯ ПОЛИТИКАTAX POlICYНалоговая система и инвестиции в акционерный капитал в развивающейся экономикеTax System and Equity Investment in a Growing Economyhttps://orcid.org/0000-0002-8758-9756ОмодероК. О.OmoderoC. O.

Корделия Ониньечи Омодеро — PhD, старший преподаватель, Департамент бухгалтерского учета, Колледж менеджмента и социальных наук Ота

Штат Огун

Cordelia O. Omodero — PhD, Senior Lecturer, Department of Accounting, College of Management and Social Sciences

Ogun State

onyinyechi.omodero@covenantuniversity.edu.ngКовенантский университет ОтаНигерияCovenant University OtaNigeria2024010320242817584Copyright © Омодеро К.О., 20242024Омодеро К.О.Omodero C.O.Данная работа распространяется под лицензией Creative Commons Attribution 4.0.This work is licensed under a Creative Commons Attribution 4.0 License.https://financetp.fa.ru/jour/article/view/2680

Цель исследования — определить влияние налоговой системы на инвестиции в акционерный капитал путем анализа шести видов налогов, которые воздействуют на деятельность фирм. Данные для независимых переменных (классы налогов в Нигерии) получены из Федеральной службы внутренних доходов, а данные для зависимой переменной (инвестиции в акционерный капитал) получены из Статистического бюллетеня Центрального банка Нигерии. Необходимые статистические методики используются для изучения влияния различных классов налогов на инвестиции в акционерный капитал с 2011 по 2020 г. Согласно результатам исследования налог на прирост капитала и налог на прибыль от газа оказывают незначительное влияние на инвестиции в акционерный капитал. Налог на нефтяную прибыль и корпоративный подоходный налог оказывают значительное негативное влияние на инвестиции в акционерный капитал. С другой стороны, налог на добавленную стоимость и налог на образование оказывают значительное благоприятное воздействие на инвестиции в акционерный капитал. Эти результаты являются уникальными и точно отражают подлинную природу налоговой системы страны и ее влияние на инвестиции. В результате в исследовании предлагается налоговый сдвиг для снижения налогового бремени на предприятия с целью стимулирования инвестиций в акционерный капитал, что позволит увеличить капитальную базу фирм для расширения бизнеса и роста экономической структуры страны.

The purpose of the study is to identify the impact of the tax system on investment in equity capital by analyzing the six types of taxes that affect the activities of firms. The data for the independent variables (tax classes in Nigeria) are obtained from the Federal Internal Revenue Service, while the data for the dependent variable (equity investment) are obtained from the Statistical  Bulletin  of  the  Central  Bank of  Nigeria. The  necessary statistical  methodologies are used to examine the impact of various tax classes on equity investment from 2011 to 2020. According to the research, capital gains tax and  gas  income  tax have  little  effect  on  equity investment. The  petroleum  profit  tax and corporate income tax have a considerable detrimental impact on equity investment. On  the  plus  side, value added tax and education tax have a significant favorable impact on equity investment. These results are one-of-akind and precisely depict the genuine nature of the country’s tax system and its impact on investment. As a result, the research proposes a tax shift to lessen the tax burden on enterprises in order to stimulate equity investment, which will increase firms’ capital base for the purpose of business expansion and growth of the nation’s economic structure.

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The authors declare that there are no conflicts of interest present.