An examination of corporate taxation and its effects on local government revenue generation in Oshodi-Isolo Local Government Area, Lagos State
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Background of the Study
Corporate taxation plays a pivotal role in shaping local government fiscal health, particularly in areas where economic activities are diverse and rapidly evolving. In Oshodi-Isolo Local Government Area, Lagos State, the implementation of corporate tax policies is integral to financing public services and infrastructure. Over the past decade, enhanced tax compliance measures, coupled with technology‐driven monitoring systems, have reshaped revenue mobilization strategies (Adeyemi, 2023). The study examines how the dynamics of corporate taxation—ranging from tax incentives to enforcement protocols—influence revenue generation. Historical reforms, economic fluctuations, and urban development pressures have collectively contributed to both successes and challenges in tax collection. As local industries grow and formalize, discrepancies in tax remittance persist, thereby affecting resource allocation for essential public utilities (Olawale, 2024). This research critically explores the correlation between taxation efficiency and sustainable fiscal management, while identifying gaps in current policy frameworks. By assessing empirical data and reviewing contemporary fiscal strategies, the study aims to suggest improvements that could bridge administrative shortfalls and optimize revenue streams in Oshodi-Isolo (Chukwu, 2025).
Statement of the Problem
Despite numerous reforms in corporate taxation, Oshodi-Isolo faces persistent revenue deficits due to non-compliance and administrative inefficiencies. Local government authorities struggle to reconcile policy design with evolving corporate practices, which undermines the predictability and stability of revenue inflows. These challenges hinder the provision of public services and infrastructure development. The gap between tax policy intent and practical outcomes necessitates a thorough examination of the mechanisms that impede effective revenue generation. Unaddressed, these issues risk perpetuating fiscal imbalances and stalling economic progress in the area (Adeyemi, 2023).
Objectives of the Study:
To evaluate the effectiveness of current corporate tax policies in revenue generation.
To identify administrative and compliance challenges within Oshodi-Isolo.
To propose policy improvements for sustainable fiscal management.
Research Questions:
How effective are existing corporate tax policies in generating revenue?
What are the key challenges affecting tax compliance in Oshodi-Isolo?
How can policy reforms enhance revenue collection efficiency?
Research Hypotheses:
H₁: Enhanced tax enforcement is positively related to increased revenue generation.
H₂: Administrative inefficiencies significantly diminish expected revenue outcomes.
H₃: Policy reforms lead to measurable improvements in corporate tax compliance.
Significance of the Study
This study is significant as it highlights critical fiscal challenges and potential policy solutions in Oshodi-Isolo, offering valuable insights for policymakers and tax administrators. By analyzing contemporary data and identifying operational gaps, the research contributes to optimizing revenue mobilization strategies and ultimately supports sustainable local government development (Olawale, 2024).
Scope and Limitations of the Study:
The study is limited to analyzing corporate taxation and revenue generation within Oshodi-Isolo Local Government Area, Lagos State, focusing on administrative practices and compliance issues.
Definitions of Terms:
Corporate Taxation: The levy imposed on a corporation's profits.
Revenue Generation: The process of producing income through taxation and other fiscal policies.
Compliance: Adherence to legal and regulatory standards in tax remittance.
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