The role of taxation in nigerian economy
The level of the effectiveness and efficiency of tax administration and voluntary tax compliance in nigeria abstract taxation impact of tax administration on government revenue in a developing economy: a case study of nigeria. For reducing government revenues and consequently the government's ability to provide the infrastructures needed for nigeria's social and economic an examination of tax leakages in government tax and tax avoidance in the tax administration system in nigeria the role of. The research will look at the impact of value added tax on economic development of nigeria intends increasing percentage of vat imposed on goods and services because of its relevance to income base and economic growth and development through a shift from direct tax regime to. Anonymous, u (2018) the effects of taxation on a depressed economy (a case study of enugu state) afribarycom: retrieved april 12 taxation and its effect on the nigerian economy the role of accounting concepts and convention in financial reporting. Taxation and economic development: the state of the economic literature t hose who shape state and local ﬁscal policy have had a sustained interest in the role that taxation plays in the economic develop-ment of states, regions, cities. What is taxation as an instrument of economics development in there are varied roles of entrepreneurship in nigeria economic themain role is to help in growth and development of the economy andcreating employment for the role of taxation in economic development is same for all the. The world bank is helping to fight poverty and improve living standards for the people of nigeria with more than 130 ibrd loans and ida credits overview « » context while nigeria's economy has performed much better in recent years than it did during previous boom-bust oil.
The impact of fiscal policy on the nigerian economy nathan pelesai audu department of economics, faculty of social sciences niger delta university therefore, is to assess the impact of fiscal policy on the macroeconomic stabilization of the nigeria economy to facilitate our task. Nigeria: geographical and historical treatment of nigeria, including maps and statistics as well as a survey of its people, economy, and government. This study examines the effect of tax revenue on economic growth in nigeria, utilizing time series data for the period spanning from 1970 to 2011. Role of petroleum profit tax in the economic growth of nigeria uploaded by femi ogunjemilusi connect to download get doc role of petroleum profit tax in the economic growth of nigeria download role of petroleum profit tax in the economic growth of nigeria.
Journal of policy and development studies vol 9, no 1 november 2014 issn: 157-9385 website: wwwarabianjbmrcom/jpds_indexphp 109 the impact of tax revenue on nigerian economy. The paper examined the impact of value added tax on revenue generation in nigeria the secondary source of data was sought from central bank of nigeria statistical bulleting (2010 revenue, nigerian economy,taxation 1 introduction. Opinion - professor akin oyebode concludes his treatise on the vital role of taxation at a time of economic crisis. The indispensable role of taxation for state development in nigeria maria chinecherem uzonwanne department of economics, nnamdi underground economy is one of the most cancerous problems affecting the nigerian tax system an underground economy is taken to mean any undeclared economic.
The paper examines the role of these practices on social economic development in nigeria it locates the role of taxpayers within the political economy theory to argue that the anti-social tax practices are shaped by socio anti-social tax practices and social economic development in. Medium scale enterprises in developing economy while the specific objectives are: smes from playing the vital role in the nigerian economic growth and development granting of tax incentives to smes in nigeria. Taxation and development kaldor, 'taxation for economic development,' journal of mod-ern african studies, 1963, p 7 1 introduction role in the economy, as a complement to its extractive role obvious exam. Tax structures and economic growth in nigeria: disaggregated empirical evidence david umoru 1 ma anyiwe 2 1department of economics significant positive relationship between indirect tax and economic growth in nigeria and also there is no.
Impact of taxation as an aid to economics development in nigeria read role of budgeting in the public sector of the nigeria economy company income tax act cita, impact of taxation as an aid to economics development in nigeria, taxation, types of taxation comments adekunle says. Evaluate how taxation and tax policies have affected economy of nigeria and how it has been used as strategy for the nigerian economic development from the date of existence of nigeria to recent times (1960 to 2007. Get free research paper on effects of tax evasion and avoidance on economy of nigeria our project topics and materials are suitable for students in nigeria with case studies in pdf, doc the importance, how to, effect causes relationship, comparison, history, role, solutions are discussed.
The role of taxation in nigerian economy
Under current nigerian law, taxation is enforced by the 3 tiers of government, ie federal, state, and local government with each having its sphere clearly.
Tax evasion and governance challeneges in the nigerian informal sector journal of finance and economics 2, no 5 tax evasion in nigerian economy tax evasion has been defined the dark side of transfer pricing: it's role in tax avoidance and wealth retentiveness critical. Business administration taxation and its effect on the nigerian economy the role of internal control measures in the prevention of fraud and operational errors in nigerian firms a study into the prospects and challenges of personal income tax in nigeria. This is a research work on the impact of taxation on small-scale business in a developing economy a case study of ekene dili chukwu nigeria limited enugu. Nigeria's tax revenues at 8% of gdp 4 impact of corruption on nigeria's economy 1 referred to as 'economic cost of corruption' or 'cost of corruption' for simplicity we have undertaken five steps to estimate nigeria's cost of corruption. Taxation and economic growth in nigeria the role of taxation in promoting economic growth in nigeria is not fully felt, and optimal tax is not been realized that can engine economic growth primarily because of its poor administration. The findings reveal that there is a very strong relationship between petroleum profit tax and economic development of nigeria, tax avoidance and evasion are major hindrance to income growth in this sector, poor tax administration is a problem to.
2 the role of taxation in the development of east asian economies vito tanzi and parthasarathi shome 21 introduction this paper examines the role that taxation has played in the economic de. It is now very clear that the tax revenue generating capacity of the nigerian economy is yet to be harnessed and that the current tax system is ineffective in many ways nigeria's tax regime is unnecessarily cumbersome and notoriously unfriendly to taxpayers. The impact of taxation on nigeria economy chapter one introduction 11 background of the study one of the major functions of the the scope of this study covers critical examinations on the impact of taxation on nigerian economy it will the role of health on economic growth in. Get free research paper on taxation as a tool for economic development in nigeria project topics and materials in nigeria this is approved for students in accountancy, business, computer science, economics, engineering, arts the importance, effect, causes, relationship, comparison, history, role, solutions are discussed.