TABLE OF CONTENTS

DECLARATION ............................................................................................................................. i

APPROVAL ................................................................................................................................... ii

DEDICATION ............................................................................................................................... iii

ACKNOWLEDGEMENT ............................................................................................................. iv

ABSTRACT .. .. ......... ................................... ....... ........................... .... ... ........ viii

LIST OFT ABLES ......................................................................................................................... ix

LIST OF FJGURES ........................................................................................................................ X

CHAPTER ONE ........................................................................................................................... 1

INTRODUCTION ......................................................................................................................... 1

1.0 Introduction ............................................................................................................................... 1

1.1 Background of the study ........................................................................................................... 1

1.2 Statement of the problem .......................................................................................................... 3

1.3 Purpose of the study .................................................................................................................. 3

1.4 Objectives of the study .............................................................................................................. 3

1.5 Research questious .................................................................................................................... 4

1.6 Scope of the study ..................................................................................................................... 4

1.6.1 Subject scope ......................................................................................................................... 4

1.6.2 Geographical scope ................................................................................................................ 4

1.6.3 Time scope ............................................................................................................................. 4

1.7 Significance of the study ........................................................................................................... 4

1.8 Conceptual frame ,vork ............................................................................................................. 6

CHAPTER 'fWO ...................................................................... , ................................................... 8

LITERATURE REVIEV ............................................................................................................ 8

2.0 Introduction ............................................................................................................................... 8

2.1 Effect of progressive tax on growth of SMEs ........................................................................... 8

2.2 The effect of corporation tax on growth of SNIEs ................................................................. 10

2.3 The effect ofregressive tax on growth of SMEs .................................................................... 12

V