EFFECT OF MULTIPLE TAXATION ON SALES GROWTH AND INVESTMENT DECISION OF RESTAURANT BUSINESSES IN MINNA METROPOLIS, NIGER STATE-NIGERIA

Authors

  • Dauda Chetubo Kuta (PhD)
  • Dauda, Abdulwaheed (PhD)

Keywords:

Multiple taxation, Tax Burden, Performance, Growth, Investment decision

Abstract

This study aims to ascertain the effect of multiple taxation on sales growth and investment decision
of restaurants in Minna metropolis, Niger State-Nigeria. The paper adopted census base sampling
technique since the population of the subject studied was at the firm level of 60 restaurants in
Minna metropolis. The study adopted a quantitative survey design. The instrument was developed
to elicit responses on independent variables’ “multiple taxation” and sales growth and investment
decision as dependent variables. The instruments were adjudged adequate by expert in the field of
management science which cronbach alpha coefficient value of 0.85 attests to its reliability. All
the instruments were self-administered and collected by the researchers and regression analysis
was used for analysis. The findings reveal that is no significant effect of multiple taxation on
restaurants sales growth. However, multiple taxation has significant effect on investment decision.
In line with the theory grounding this work, the study recommends a proportionate levy base on
income of SMEs and new firms tax exemption period should not be less than ten years in view of
their mortality rate.

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Published

2021-10-30

Issue

Section

Articles