Effect of multiple taxation on SMEs in Nigeria
Multiple taxation has been identified as one of the major problems of small businesses in Nigeria, and its effect on the growth and productivity of small businesses are quite alarming as new businesses have high tendencies to stop functioning also, it has greatly affected the compliance rate of such business owners whose profit are taxed more than once by the same taxing authority and for the same purpose. Profitability is the ability of an enterprise to use its resources to generate revenues...