Browsing by Author "Ogunwole Adeniyi Emmanuel"

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    FINANCIAL DISTRESS AS A DETERMINANT OF CORPORATE TAX PLANNING STRATEGIES OF LISTED MANUFACTURING COMPANIES IN NIGERIA
    (POLAC MANAGEMENT REVIEW (PMR) DEPARTMENT OF MANAGEMENT SCIENCE NIGERIA POLICE ACADEMY, WUDIL-KANO, 2024-09-01) Abdulrasheed Alabere Jamiu; Saheed Lawal; Ogunwole Adeniyi Emmanuel; Olabode Kehinde Joseph
    Apparently, the persistence increase in tax rate, inadequacy of tax incentives and poor capital allowance across developing countries, particular Nigeria manufacturing companies which has consequently resulted into corporate tax planning strategies. As a result of this void, this study investigates financial distress as a determinant of corporate tax planning strategies of listed manufacturing companies in Nigeria. .. This study employed an ex-post facto research strategy; on the study date, 39 manufacturers of consumer and industrial goods were listed on the Nigerian Stock Exchange floor (Nigerian Stock Exchange Fact book, 2020). The study focused on 29 manufacturing enterprises between 2013 to 2020, a span of twelve years. Consequently, after eight years and 29 manufacturing companies, a total of two hundred and thirty-two (232) observations were made. In the light of result and findings of this study, it was discovered that financial distress has negative effect on corporate tax planning strategy. Therefore, this study recommends that Managers responsible for overseeing businesses in severe financial trouble need to consider the best strategy for preserving the business, which may be accomplished by lowering the obstacles the companies, must overcome in order to boost sales for manufacturing enterprises.