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
DESIGN AND IMPLEMENTATION OF AN ONLINE THERAPY APPLICATION
ABSTRACT
There is great concern for the mental and psychological well-being of the Nigerian populace. With Nigeria ranking as the most de...
THE DETERMINANT OF SAVINGS IN NIGERIA (1985-2011)
ABSTRACT
The term savings refers to the part of income immediately spent or consumed but reserved for futureconsumption, investment or un...
AN ASSESSMENT OF COVID-19 AND ITS IMPACT IN THE MANUFACTURING SECTOR IN NIGERIA
BACKGROUND OF THE STUDY
Manufacturing has long played an important part in emerging countries' econ...
THE IMPACT OF CANDIDATE EXPERIENCE ON RECRUITMENT SUCCESS
Abstract: THE IMPACT OF CANDIDATE EXPERIENCE ON RECRUITMENT SUCCESS
This study aims to investigate the impact of candidate experience on...
THE ROLE OF SOCIAL MEDIA IN CURBING THE SPREAD OF EBOLA VIRUS
Abstract
The research examines the role of social media in curbing the spread of ebola virus using Facebook users who ar...
A CRITICAL ANALYSIS OF THE MEANS OF PROOF IN CIVIL LITIGATION UNDER ISLAMIC LAW
ABSTRACT
This dissertation entitled "A Critical Analysis of the Means of Proof in Civil Litigation under Islamic law "primarily...
THE ROLE OF ETHICAL SALES PRACTICES IN BUILDING CUSTOMER TRUST
THE ROLE OF ETHICAL SALES PRACTICES IN BUILDING CUSTOMER TRUST
This research investiga...
A Study on the personal factors Influencing Nigerian Consumer Buying Behavior
ABSTRACT
As seller are making efforts to understand the buying behavior of consumers, which will help their business make more profit, in...
AN INVESTIGATION OF LOCAL GOVERNMENT FINANCES AND ACCOUNTING SYSTEM
BACKGROUND TO THE STUDY
The local government is the third level of governance. State governments have significant control over local gove...
THE ROLE OF BIG DATA ANALYTICS IN FINANCIAL REPORTING DECISION-MAKING
Abstract
This research explores the role of big data analytics in financial reporting decision-making i...
