ABSTRACT
Since
advent of the oil boom in Nigeria, taxation as the major source of public
finance was neglected. The Nigerian major source of revenue became proceeds
from crude oil Now that there is imbalance in allocation of revenue from oil
sales by the federal government to states and local government. Government and
people now seek alternative or ways to augument the insufficient amount
received as their share of federal allocation. This now leads to taxation as an
indispensable tool in economic planning and development of any nation. This
study is therefore aimed at critical appraisal of Nigerian tax laws as
administered by Enugu State government. To carry out the study, data for
research were collected based on secondary data (Time series data) from staff
of Enugu State board of internal revenue in Enugu, supplemented by personal
interview. Data collected were analyzed using Z-tests which are two sample
Z-test used for 2000-2005 and one sample Z-test used for 2006-2010 which led to
rejection of null hypothesis in chapter one.
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND
OF THE STUDY
Tax is an important factor in economic planning and development of every
nation, also it is an important agent of social change.
Taxation as defined by Ogundele (1999), is the process or machinery by
which communities or groups of persons are made to contribute in some quantum
and method for the purpose of the administration and development of the
society. It can be inferred that the payment of tax will in turn be beneficial
to the entire citizenry. This view is also similar to the definition of Soyode
and Kajola (2006) who defined tax as a compulsory exaction of money by a public
authority for public purposes. Nightingale (1997) described tax as a compulsory
contribution imposed by the government on the citizenry. These various authors
concluded that it is possible for tax payers not to receive anything
identifiable for their contribution, but that they
Tax is an instrument of fiscal policy, which plays a leading role in
every organized society irrespective of the political or constitutional
structure. Once a society becomes stabilized, civilized or law abiding the
functions of government becomes enormous resulting in heavy expenditure and
necessitating tax payments by its subjects. Tax as the transfer of resources
from private sector to public sector in order to accomplish some of the
nation’s economic and social goals.
Further more, tax is a compulsory levy imposed on the payer by a legal
authority or recipient public authority. Throughout the history of mankind, the
right to raise tax has been one of the principal features of political
authority. For a country like Nigeria, the primary economic goal is to....
================================================================
Item Type: Postgraduate Material | Attribute: 128 pages | Chapters: 1-5
Format: MS Word | Price: N3,000 | Delivery: Within 30Mins.
================================================================
No comments:
Post a Comment