TAXATION

This study looks at tax reforms and economic development of Nigeria with the major objectives of identifying the relationship that exist in the reforms on Company Income Tax (CIT), Value Added Tax (VAT), Capital Gains Tax (CGT) compliance and investment (INV) and the economic development of Nigeria. Secondary data were extracted from the verified sites of the federal inland revenue service and the central bank of Nigeria. The regression analysis was used to identify the impact of the relationship between the dependent and independent variables under study. It was discovered that; there is a positive and significant relationship between economic development proxy by GDP and CIT, CGT and INV. However, a negative relationship exist between GDP and VAT. It was recommended that; government should continue its reforms in the areas of company income tax, capital gains tax and compliance and investment.