EFFECTS OF TAX EVASION AND AVOIDANCE ON ECONOMY OF NIGERIA
- 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 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.
Related Project Materials
THE PRODUCTION OF BIODIESEL (FAME) FROM PALM KERNEL OIL (PKO) USING CONCENTRATED SULPHURIC ACID AS CATALYST
STATEMENT OF RESEARCH PROBLEM
There has been several analytical works on biodiesel production using base catalyzed mecha...
THE ROLE OF FOOD SCIENCE IN HUMAN NUTRITION: A CASE STUDY OF JUNIOR SECONDARY SCHOOLS IN YOBE STATE
ABSTRACT
In a nutshell, food science is the scientific study of food from the period of harvesting, processing, storage...
AN APPRAISAL OF THE IMPLICATION OF ELECTRONIC BANKING NIGERIA BANKS (A CASE STUDY OF DIAMOND BANK)
ABSTRACT
Electronic banking have long been recognized to play an important role in economic development on the basis of...
THE ROLE OF CROSS-CULTURAL COMMUNICATION SKILLS IN VOCATIONAL SUCCESS
Abstract: The role of cross-cultural communication skills in vocational success is increasi...
ANALYSIS OF THE PRICE AND INCOME ELASTICITIES OF ENERGY DEMAND IN NIGERIA. (1980-2019)
ABSTRACT
This study estimated price and income elasticities of energy demand in Nigeria. The objective of the study was to examine the re...
LEVELS OF CHROMIUM IN SOME SELECTED MEAT PRODUCTS, FRUITS AND DRINKS IN ZARIA AND ENVIRONS
ABSTRACT
Chromium has been known to be a micronutrient for mammals for more than four decades. But progress in elucidating the role of Ch...
THE PROBLEMS FACING PERSONAL INCOME, THE ADMINISTRATION IN RURAL COMMUNITIES
ABSTRACT
The importance of personal income tax to government, both as a revenue source and as a fiscal policy factor ca...
BUREAUCRATIC CORRUPTION IN NIGERIA
ABSTRACT
Despite the dimension that corruption has taken in history of country Nigeria corruption is se...
THE ROLE OF EARLY CHILDHOOD EDUCATION IN CONFLICT RESOLUTION
ABSTRACT: The role of early childhood education in conflict resolution is...
TOURISM AND ITS IMPACT IN ALLEVIATING POVERTY IN NIGERIA
EXCERPT FROM THE STUDY
Tourism is travel for pleasure or business; also the theory and practice of t...
