INVESTIGATION OF TAX EVASION AND AVOIDANCE AND ITS EFFECT ON NIGERIAN ECONOMY
- Project Research
- 1-5 Chapters
- Quantitative
- Correlation
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
INTRODUCTION
A well-organized society, such as a country or state government, owes some basic responsibilities to the people it controls. These commitments take the shape of essential social amenities such as adequate roads, health, security of lives and property, housing, clean water, and so on. Citizens, for their part, owe the government an appropriate contribution in the form of a tax levy. Against this backdrop, the government levies taxes on its citizens in order to accomplish the aforementioned objectives that it owes to the people. Taiwo (2019) defines tax as a "nonpunitive yet compulsory levy by government on the income and properties of individuals and organizations that it does not account for, the proceeds from the levy on trade that the government uses to pursue the accomplishment of some social, economic, and political objective in the interest of its citizens."
However, another school of thought holds that even if tax is non-punitive but mandatory, attempts should be made to pay as little as possible within the framework of the law, therefore participating in lawful tax evasion. As a result, we have arrived at one of the most widespread societal ills affecting the appropriate operation of government at all levels. This is the subject of this work, tax evasion and avoidance. The ability of an efficient government to generate sufficient revenue to finance its enormous expenditure is the acid rest of an efficient government, and all things being equal, tax should be at the forefront of government revenue generation, but tax has always contributed insufficiently to government revenue. There has undoubtedly been the aftermath of rampant tax avoidance.
Empirical data shows that our citizens' uncooperative and unprogressive attitude toward tax paying causes enormous financial challenges for the government. It is obvious that paying taxes is one of the most basic necessities for any society's survival. In a state like Enugu, the importance of proper tax assessment and collection cannot be overstated. The government is in the midst of a significant transitional plan in its pursuit of industrialisation and the supply of facilities to its population (Haynes 2018).
The hallmarks of technical improvement, economic growth, social contentment, people's wants, and societal worth are all centered solely within the scope of taxes. Furthermore, the growing role of government in economic growth necessitates considerable financial help from every member in society.
As a result, this phenomena necessitates a qualitative and practical approach to a good system of base administration and collecting. To be sure, the populace's unfavorable sentiments, particularly against taxation, have resulted in tax evasion and avoidance. Tax evasion has the potential to bring down a well-organized administration.
In light of this, the researcher's objective is to verify and determine the amount of tax evasion in Enugu State, as well as its influence on total produced tax income.
Related Project Materials
PROBLEM AND PROSPECT OF MEDIA MANAGEMENT IN NIGERIA.
- BACKGROUND TO THE STUDY
In Nigeria today, many people believe in listening to electron...
AN ASSESSMENT OF ADMINISTRATIVE STRESS AND MODERN MANAGER IN PRIVATE BUSINESS ORGANIZATION
BACKGROUND OF THE STUDY
In today's world, life is often full with tension. Practically every human...
EFFECTIVENESS OF DEMONSTRATION AND DISCOVERY METHODS IN TEACHING AGRICULTURAL EDUCATION IN COLLEGES OF EDUCATION IN NIGERIA
ABSTRACT
The study was carried out to determine the effectiveness of demonstration and discovery teaching methods in agricultural educati...
COMMUNICATION STRATEGIES USED BY PRIMARY HEALTH CARE OFFICIALS IN THE EFFORT TO ERADICATE POLIO (A CASE STUDY OF BAUCHI METROPOLIS)
Background to the Study
The eradication of polio has been hailed as one of the 20th century's great...
INNOVATIONS IN ASSESSING TEAMWORK SKILLS IN VOCATIONAL PROGRAMS
ABSTRACT: This study explores innovations in assessing teamwork skills in vocational programs, highlighting the importance of effective teamwo...
THE RELATIONSHIP BETWEEN EFFECTIVE CLAIMS MANAGEMENT AND THE GROWTH OF NIGERIAN INSURANCE INDUSTRY
Background of the Study
The history of insurance industry in Nigeria according to Augustine and Brennan...
THE IMPACT OF DOCTRINAL DIFFERENCE ON THE CHURCH
ABSTRACT
This study was to examine theinfluences of doctrinal differences among churches in Nigeria, wh...
EFFECTS OF PICTURES AND REALIA ON ACADEMIC PERFORMANCE OF JUNIOR SECONDARY SCHOOL STUDENTS IN BASIC TECHNOLOGY IN KADUNA STATE, NIGERIA
ABSTRACT
This study investigated the effect of pictures and realia on academic performance of junior secondary school students in basic t...
AN EXPLORATION OF EFFECTIVE STRATEGIES FOR ENHANCING VOCATIONAL EDUCATION FOR ADULT LEARNERS
ABSTRACT: Strategies for Enhancing Vocational Education for Adult Learners explores effective approaches to meeting the educational needs and aspir...
EFFECTS OF DISCOVERY AND DISCUSSION TEACHING METHODS ON STUDENTS’ PERFORMANCE IN SOCIAL STUDIES IN JUNIOR SECONDARY SCHOOLS
ABSTRACT
The study was carried out to determine the effects of discovery and discussion methods on students’ performance in Social...
