Effect of multiple taxation on sales growth and investment decision of restaurant businesses in minna metropolis, Niger state

Abstract

This study aims to ascertain the impact of multiple taxation on the performance of restaurants in Minna Metropolis, Niger State. 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. A five point likert scale questionnaire was adopted and questions on measured variable were built therein to freely elicit responses from the firm managers. The instruments were adjudged adequate and 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 research findings does not revealed a significant effect of multiple taxation on restaurants sales growth however, a multiple taxation posed a 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.