EFFECT OF TAX EVASION AND TAX AVOIDANCE ON ECONOMIC DEVELOPMENT
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
This Research work attempts to look at the effect of Tax evasion and avoidance on economic development of Nigeria and its capacity to reduce tax revenue growth (A case study of Lagos State Internal Revenue Service). Tax is a compulsory levy imposed by government on income individual, firms and household. It was also find out that an individual tax evader or avoider may engage in it simply because he is unable to appreciate any benefit that would accrue to him after payment of such tax. The study made use of secondary data obtained from Lagos internal revenue service on total revenue from taxation and total value of tax evasion. Questionnaires were also used to gathered information on the effect tax administration on tax evasion and avoidance. Mean and standard deviation methods were used to analyze the questionnaire administered to Lagos state internal revenue service staff. Empirical results shown that increasing tax evasion and avoidance reduce government revenue growth in Lagos .It was also found that Tax Administration is responsible for the tax evasion and avoidance in Lagos State. This was due to lack of enforcement machineries which include, adequate manpower, computers and effective postal and communication system. Finally, it is therefore recommended that the government should create awareness in the mind of tax payers about the importance of taxation in development of national economy and the effects of tax evasion and avoidance in government revenue growth.
Related Project Materials
THE IMPACT OF TRADE SHOWS AND EVENTS ON SALES
THE IMPACT OF TRADE SHOWS AND EVENTS ON SALES
This research assesses the impact of tra...
ASSESSMENT OF THE UTILIZATION OF INTERNET SERVICES AMONG STUDENTS IN FEDERAL INSTITUTIONS
EXCERPT FROM THE STUDY
In this study, our focus was to examine the assessment of the utilization of int...
EVALUATION OF IMPLEMENTATION OF ELEMENTS OF SPECIAL EDUCATION CURRICULUM IN NCE-AWARDING INSTITUTIONS IN NIGERIA
ABSTRACT
The need to empower teachers with knowledge and skills for teaching exceptional learners led to the introduction of “eleme...
Vehicle Number plate detection Application
ABSTRACT
Vehicle license plate recognition Application is a form of image processing that recognizes automobiles by their number plates....
ASSESSING THE ROLE OF EARLY CHILDHOOD EDUCATION IN ENHANCING EMOTIONAL INTELLIGENCE
ABSTRACT: Assessing the role of early childhood education in enhanci...
INNOVATIONS IN APPRENTICESHIP MODELS ACROSS DIFFERENT INDUSTRIES
Abstract: This study examines innovative apprenticeship models implemented across various i...
FIDUCIARY ACCOUNTING FOR CHARITABLE TRUSTS AND FOUNDATIONS
FIDUCIARY ACCOUNTING FOR CHARITABLE TRUSTS AND FOUNDATIONS
This research aims to (1) explore the fiduciary accounting pr...
INFORMATION TECHNOLOGY AND CUSTOMER'S LOYALTY IN THE SERVICE INDUSTRY
ABSTRACT
This study was carried out to examine information technology and customer's loyalty in the...
A CRITICAL INVESTIGATION INTO MARKET RESPONSE AND CANNIBALIZATION OF PRODUCT IN A HIGHLY COMPETITIVE INDUSTRY
EXCERPT FROM THE STUDY
Product cannibalization happens when a business chooses to substitute an existing product with a...
PHARMACOGNOSTIC AND ANTIVENIN STUDIES ON LEAVES OF SECURINEGA VIROSA (ROXB EX WILLD) BAILL
ABSTRACT
7 Securinega virosa (Roxb ex Willd) Baill (Euphorbiaceae) is a small, deciduous, graceful shrub that is widely distributed in Af...
