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ABSTRACT
In conclusion, the regression analysis results provide empirical evidence regarding the impact of different types of taxes on economic development in Nigeria. The findings align with various theoretical frameworks discussed in prior research, including the Benefit Principle, Ability-toPay Principle, and Tax Ratio Hypothesis. The significant positive impacts of Petroleum Profit Tax and Company Income Tax on economic development are consistent with theories emphasizing the role of taxation in funding public investments and promoting growth. Conversely, the significant negative impact of Value Added Tax underscores potential concerns regarding its effect on consumer spending and economic activity. The lack of significant impact of Personal Income Tax suggests a more nuanced relationship that warrants further investigation.
These findings underscore the complexity of tax policies and their implications for economic development. While certain taxes contribute positively to growth, others may have unintended consequences that need to be carefully managed. Further research is needed to explore the underlying mechanisms driving these relationships and to assess the long-term effects of tax policies on economic development in Nigeria
