Abstract
This Research work attempts to look at the effect of Tax evasion and avoidance on economy 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.
ABSTRACT
This study on the Assessment of the Contributions of Non-Governmental Organisations to the Development of Secondary Education in...
ABSTRACT
This study examines the domestic water supply and consumption in Ibadan north east local government area of Oyo state, Nigeria....
EXCERPT FROM THE STUDY
That there is a growing awareness of journalists on the FOIA. This is not coming as a surprise as journalists a lo...
ABSTRACT
The purpose of this study was to investigate the causes...
Background to the Study
Accounting is regarded as the language of business used by corporate firms in c...
ABSTRACT
The qualitative and quantitative phytochemical analyses of 50 timbers of Nigeria were carried out. The physicchemical properties...
Abstract
Nigeria has the second highest HIV/AIDS burden in the world with an estimated 3,391,546 people living with HIV and AIDS; an esti...
ABSTRACT
Researches done in healthcare indicate that patient outcome is linked with the hospital‟s physical environment. This environment...
BACKGROUND OF THE STUDY
Any circumstance, whether it be physical or mental, that poses a stress to the body's abilit...
ABSTRACT
This study was carried out on the role of information technology in development of an effective internal...