Public Perception of Excise Taxes on Imported Goods in Karu LGA
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
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- Recommended for :
- NGN 5000
Background of the Study
Excise taxes on imported goods are commonly used by governments to generate revenue, protect local industries, and regulate consumption. In Karu LGA, a thriving commercial area with heavy trade in imported goods, excise taxes on these goods can have a profound impact on consumer behavior and local businesses. This study aims to investigate the public perception of excise taxes on imported goods in Karu LGA, focusing on how residents and businesses view the economic and social implications of these taxes.
Statement of the Problem
While excise taxes are imposed on imported goods to benefit the local economy, their impact on consumer prices and the overall economy in Karu LGA remains a concern. Many residents and local businesses may perceive these taxes as burdensome, particularly as they can lead to higher prices for everyday products. This study will explore how the public perceives excise taxes on imported goods and whether these taxes align with their expectations regarding local economic development.
Aim and Objectives of the Study
Aim: To assess the public perception of excise taxes on imported goods in Karu LGA.
Objectives:
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To evaluate the public’s understanding of the purpose of excise taxes on imported goods in Karu LGA.
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To investigate the impact of excise taxes on consumer purchasing behavior in Karu LGA.
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To explore the perception of local businesses regarding excise taxes on imported goods in Karu LGA.
Research Questions
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How does the public perceive the excise tax on imported goods in Karu LGA?
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What impact does the excise tax on imported goods have on consumer purchasing behavior in Karu LGA?
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How do local businesses in Karu LGA perceive excise taxes on imported goods?
Research Hypothesis
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H₀: There is no significant public perception of excise taxes on imported goods in Karu LGA.
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H₀: Excise taxes on imported goods do not significantly affect consumer purchasing behavior in Karu LGA.
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H₀: Local businesses in Karu LGA do not significantly perceive excise taxes as a burden on their operations.
Significance of the Study
This study will provide valuable insights into how excise taxes on imported goods are perceived by the public and local businesses in Karu LGA, highlighting the potential economic and social implications. The findings can help inform tax policy decisions and improve public understanding of tax systems.
Scope and Limitation of the Study
The study will focus on the public perception of excise taxes on imported goods in Karu LGA. Limitations include potential biases in public opinion and the difficulty in accessing a representative sample of both consumers and businesses.
Definition of Terms
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Excise Taxes: Taxes imposed on specific goods, such as imported products, often aimed at controlling consumption or generating revenue.
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Public Perception: The attitudes, beliefs, and opinions of the general public regarding a particular issue or policy.
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Imported Goods: Goods brought into a country from abroad for sale or consumption.
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