Effect of Multiple Taxation on Performance of Small Scale Business in Maiduguri Metropolis
Iliya Hudson Usmana
Division of General Studies
University of Maiduguri, Maiduguri
Email: Iliyausmana@yahoo.com
ABSTRACT
Though successive government have tried to review tax policies and established schemes to bail out SSBs to create enabling environment for successful operation of small businesses, but the implementation of the initiatives has been seriously compromised due to the issue of corruption from the custodian of the funds remitted and the existence of fake revenue collectors in the system at both the state and local government levels. The issue of multiple taxes has remained unabated affecting movement of goods and services within and outside the state. Some studies have been carried out on the small scale businesses in Borno state for example, Abba and Ahmed (2014) examined financial analysis of small scale cattle fattening in Bama local government of Borno state. While Usman, Ahmad and Yahaya (2015) examined the role of government in financing small scale businesses in Maiduguri. Abdulfatah and Jummai (2013) examined financing small scale businesses for higher productivity in Borno state, while Hudson, at. El. (2014) studied SSBs` and employment generation in Maiduguri Metropolis Yet, there are no studies on the effect of multiple taxation on the performance of SSBs in Maiduguri Metropolis. This leaves a clear existing gap this work intends to fill. This study examined the effect of multiple taxation on the performance of SSBs in Maiduguri Metropolis guided by three objectives, three research questions and three hypotheses. The result of the study found out that; multiple taxation has a significant effect on the capital employed by SSBs in Maiduguri Metropolis; multiple taxation has significant effect on the profitability of SSBs in Maiduguri Metropolis and; multiple taxation has a significant effect on the sales growth of SSBs in Maiduguri Metropolis.
Keyword: Multiple Taxation and Small Scale Business