Browsing by Author "Cletus Inisor, ADIE"

Now showing 1 - 2 of 2
  • No Thumbnail Available
    Item
    Transfer Pricing Regulations and Tax Revenue Generation in Nigeria
    (Lead City University, 2022-12) Cletus Inisor, ADIE
    The financial link between States and their citizens is established by taxation, making tax revenue the core of any country's revenue base. However, multinational companies' habitual questionable profit-shifting practices have become commonplace and this resulted in the enforcement of transfer pricing regulation to curb the menace. Hence, the study examined the effect of Transfer Pricing Regulations (TPRs) on tax revenue generation in Nigeria. This study adopted a cross-sectional survey research design, and the population was 749 staff of Federal Inland Revenue Service (FIRS), Nigeria. All the 575 staff of FIRS in Lagos State were used as the unit of analysis hence the adoption of total enumeration method. A validated questionnaire was used to collect data. The Cronbach’s alpha reliability coefficients for the constructs ranged from 0.65 to 0.95. A response rate of 85.7% was achieved for the study. Data were analysed using descriptive and inferential statistics. Findings revealed that the level of tax profit pre￾reform was low given the mean value of 2.05. TPRs had significant relative effect on tax profit post reform (Adj. R 2 =0.373, p < 0.05, Q2 =0.322). TPRs had combined significant effect on tax revenue performance (R 2 =0.321 p < 0.05, Q2 =0.262). Institutional capacity has significant and full mediating effect on the interactions between TPRs and tax revenue performance in FIRS, Nigeria (β=0.286, t= 2.211, p < 0.05). This study concluded that TPRs affects tax revenue performance in Nigeria. The study recommended that management of FIRS to re-energize their commitment to TPRs implementation, compliance, and audit to improve revenue collection. Also, FIRS need to continue re-evaluating their strategic planning capability and develop their human resource capability through constant training and upskilling. This is critical as they possess the capacity to explain the positive influence of TPRs on tax revenue performance for FIRS, Nigeria. Keywords: Federal Inland Revenue Service, Institutional capacity, Multinational companies, Tax revenue performance, Transfer pricing regulation. Word Count: 298 T
  • No Thumbnail Available
    Item
    Transfer Pricing Regulations and Tax Revenue Generation in Nigeria
    (Lead City University, 2022-12) Cletus Inisor, ADIE
    Digitization of microfinance institutions has emerged as the new wave and these institutions are persistently working on technology advancement to enhance efficiency and effectiveness in every economy. This study investigates the effects of digital economy tools on selected micro-finance banks’ growth (regarding profitability, deposit mobilization, bank branches, and loan disbursement) in Nigeria over the periods of 2011 to 2020. Using the panel fixed effects estimator, automated teller machine has a negative and significant impact on return on assets and return on equity which were used as measurements of microfinance bank profitability in Nigeria. Online banking significantly and positively direct return on assets, whereas, internet banking directly and significantly impact return on equity. For point of sale and agent banking, their impacts on financial profitability of micro-finance banks are not statistically confirmed. The study showed that point of sale positively and significantly deposits mobilization which is measured by total deposit and depositors per staff. However, agent banking has a negative effect on deposit mobilization within the periods understudy. Internet banking and automated teller machine have no significant impact on deposit mobilization of microfinance banks in Nigeria. Point of sale, agent banking and automated teller machine positively influenced microfinance bank branches in Nigeria. Meanwhile, point of sale and internet banking had positive impact on loan disbursement of microfinance banks in Nigeria. However, agent banking and online banking negatively affect loan disbursement of microfinance banks in Nigeria. On policy front, microfinance institutions need to revise their digital tools procedures and policies to increase their deposit, loan disbursement and profit. Also, the government has to intervene and support their digital economy tools operation so as to make them financially viable and strong to improve the growth of microfinance banks. Keywords: ATM, internet banking, point of sale, agent banking, online banking, profitability, deposit mobilization, bank branches, loan disbursement. Word Count: 285.