[01] Adegbite Tajudeen Adejare, Department of Management and Accounting, Ladoke Akintola University of Technology, Ogbomoso, Oyo State, Nigeria.

The study empirically analyses the effect of corporate tax on revenue profile in Nigeria and also examines the impact of corporate tax revenue on economic growth in Nigeria. Secondary data were obtained from Central Bank of Nigeria Statistical Bulletin from 1993 to 2013. Multiple regressions analysis were employed to analyze the relationship between the dependent variable (Gross Domestic Product (GDP)) and independent variables (company income tax, value added tax, petroleum profit tax and inflation). It is therefore concluded that corporate income tax has positive significant impact on revenue profile in Nigeria with the Adjusted R2 of 95.3% which directly enhanced growth in Nigeria. Government derives revenue from corporate tax in discharging their obligation by providing funding for infrastructure, education and public health this invariablely enhance economic growth in Nigeria. It is recommended that government should reduce corporate tax rate rather than eliminate corporate tax in Nigeria, lower corporation tax will increase the demand for labour which in turn raises wages and increases consumption. Therefore, a reduction in the corporation tax rate will reduce the incentives to shift profits out, protecting the Corporation Tax base. Tax reductions will also increase the level of investment in the country. Furthermore, other assistance should be provided for corporations by the government to cushion the effect of corporate tax rate on the payers in Nigeria.

Company Income Tax, Exchange Rate, Economic Growth, Inflation, Revenue Profile

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