The Impact of Informal Sector Taxation on Revenue Generation in Konduga LGA
- Project Research
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Background of the Study
The informal sector plays a crucial role in the economy of Konduga LGA, contributing significantly to employment and income generation. However, taxing the informal sector remains a contentious issue due to the sector's unregulated nature and its operators’ resistance to formal taxation. Informal sector taxation has the potential to boost local revenue generation if properly implemented.
The informal sector in Konduga LGA is characterized by micro-businesses, subsistence traders, and artisans. However, the absence of robust policies and enforcement mechanisms limits the government’s ability to harness revenue from this sector. This study examines the impact of informal sector taxation on revenue generation in Konduga LGA, focusing on the challenges and benefits of integrating the informal sector into the tax net.
Statement of the Problem
The inability to adequately tax the informal sector in Konduga LGA has resulted in a significant revenue gap. Poor tax collection mechanisms, low compliance, and administrative inefficiencies hinder efforts to maximize revenue. This study explores the impact of informal sector taxation on revenue generation in Konduga LGA.
Aim and Objectives of the Study
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To evaluate the impact of informal sector taxation on revenue generation in Konduga LGA.
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To identify challenges hindering effective taxation of the informal sector in Konduga LGA.
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To propose strategies for optimizing revenue generation through informal sector taxation.
Research Questions
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What is the impact of informal sector taxation on revenue generation in Konduga LGA?
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What challenges hinder effective taxation of the informal sector in Konduga LGA?
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What strategies can optimize revenue generation from the informal sector?
Research Hypotheses
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Informal sector taxation does not significantly impact revenue generation in Konduga LGA.
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Challenges do not significantly hinder effective taxation of the informal sector.
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Proposed strategies do not significantly optimize revenue generation.
Significance of the Study
This study highlights the contributions of informal sector taxation to local revenue generation in Konduga LGA and provides recommendations for enhancing efficiency and compliance.
Scope and Limitation of the Study
The study focuses on informal sector taxation in Konduga LGA and its effects on revenue generation. Limitations include the sector's dynamic nature and the lack of formal records.
Definition of Terms
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Informal Sector: Unregulated economic activities outside the formal economy.
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Taxation: The process of imposing levies on income, goods, or services.
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Revenue Generation: Income raised by the government through taxation.
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