EVALUATION OF TAXATION AS A SOURCE OF GOVERNMENT REVENUE

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EVALUATION OF TAXATION AS A SOURCE OF GOVERNMENT REVENUE; A CASE STUDY OF THE STATE BOARD OF INTERNAL REVENUE

 

ABSTRACT: The Nigeria tax system had its share in terms of being adequately mobilized for increased revenue and fiscal actions. The State tax revenue is no exemption or Exception to the fact that the revenue generating ability is grossly inadequate to meet up its government functions.    Taxation which is seen as compulsory payment made by the citizens of an entity (country) to the government is miss-constructed in terms, of what the government tax Agencies actually realizes from it. The term “Taxation” as a source of Government revenue with special reference on the states tax revenue sources, is seen in this study as a lopsided mobilization effort in some states, used as a case study. The research carried out, using the ratio analysis and the difference equation evidently pointed out the fact that some states likes Lagos, Anambra etc. is able to mobilized. A sizeable pool of revenue with recourse  to depending on the federal government.Thus, it is suffix to say here that while some states are reaping a large share of revenue from tax some others are not able to able to meet up the challenges of tax collection either due to poor tax administration, lack of proper orientation to the indigenes on tax payments or inadequate commercial and industrial  development in the states affected. This study is enhanced because of the need to reappraise the tax system of each state, enlighten the supposed tax payers, give concessions. When aftermath of taxation the proceed of the aftermath of taxation into feasible developmental use and Re-Organise the tax Administration system of the states, to foster a move efficient and effective tax mobilization efforts of states.

TABLE OF CONTENTS

CHAPTER ONE

  1. Introduction                                                                                      9

1.1     Objectives of the study                                                                      11

  1. Significance of study                                                                         12
  2. Scope and limitation of study                                                           12
  3. Terminologies in study                                                                     13

CHAPTER TWO

2.0     Background of the study                                                                            15

  1. Principles of taxation in Nigeria                                                                 20
  2. Theory of tax structure development in Nigeria                                23
  3. Administration of tax structure                                                                  25
  4. Functions of a good tax system and Administration in Nigeria                  27
  5. Divisions of taxing power to state under the Nigeria constitutions  30
  6. Analysis into the State Government tax revenues                                      33
  7. Rights of the State tax boards and the tax payers                                      34
  8. Economic effect of State Government’s tax and it’s

implication on the  government.                                                                 35

CHAPTER THREE

3.0     Summary of finding, Conclusion and Recommendation                             37

  1. Summary of findings                                                                        37
  2. Conclusion                                                                                        40
  3. Recommendation                                                                              42

Bibliography                                                                                     45

 

CHAPTER ONE

1.0     INTRODUCTION

Taxation can simply be seen as a compulsory  transfer or payment (or occasionally of goods and service) from private individuals, Institutions or groups to the government, Anyanwu, (1998). It is a burden which every citizen must bear to sustain his or her government.

 

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EVALUATION OF TAXATION AS A SOURCE OF GOVERNMENT REVENUE; A CASE STUDY OF THE STATE BOARD OF INTERNAL REVENUE

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