ABSTRACT
The
study is on the Effects of 'fax Evasion and Tax Avoidance on Revenue Generation
and Economic Development in Nigeria. The objectives of the study was to; to
assess the effect of tax evasion on federally collected tax revenue in Nigeria
and to examine the effects of tax avoidance on federally collected tax revenue
in Nigeria. Descriptive research design was used lor the study. The study took
into consideration 200 number of questionnaire which the 132 number of
questionnaire that were signed and returned from the respondents ot ministry of
finance Abia State Nigeria. Questionnaire was used to collect the data. The
findings of the study revealed and strongly agreed that Tax evaded revenue has
no significance effect on federally collected revenue in Nigeria. The study
also identified 'fax evaded revenue has no significant effect on economic
development. The study also evaluated the effects of tax evasion and tax
avoidance on revenue generation and economic development in Nigeria. The
study’s conclusion was carried out with the broad objective of examining the
effects of tax evasion and tax avoidance on revenue generation and economic
development in Nigeria. Based on the findings of this study from the test of
the research hypotheses. The study recommended that the Government should
endeavor to adopt frequent audit ofthe finances and accounts oftheir
parastatals which is necessary so as to point out weaknesses in the public
sector accounting control and put in place effective internal control measures
that will enhance proper public sector accounting, the auditing processes and
procedures of ministry of finance should go beyond the physical paper procedure
and also the government should endeavor to prosecute officials or sanction such
officials that are found wanting in respect to the bad practices uncovered by
audit such that such activities will be minimized.
UMUNNA, G (2024). Effects Of Tax Evasion And Tax Avoidance On Revenue Generation And Economic Development In Nigeria:- Umunna Ogechukwu G. Mouau.afribary.org: Retrieved Oct 30, 2024, from https://repository.mouau.edu.ng/work/view/effects-of-tax-evasion-and-tax-avoidance-on-revenue-generation-and-economic-development-in-nigeria-umunna-ogechukwu-g-7-2
GIFT, UMUNNA. "Effects Of Tax Evasion And Tax Avoidance On Revenue Generation And Economic Development In Nigeria:- Umunna Ogechukwu G" Mouau.afribary.org. Mouau.afribary.org, 09 Aug. 2024, https://repository.mouau.edu.ng/work/view/effects-of-tax-evasion-and-tax-avoidance-on-revenue-generation-and-economic-development-in-nigeria-umunna-ogechukwu-g-7-2. Accessed 30 Oct. 2024.
GIFT, UMUNNA. "Effects Of Tax Evasion And Tax Avoidance On Revenue Generation And Economic Development In Nigeria:- Umunna Ogechukwu G". Mouau.afribary.org, Mouau.afribary.org, 09 Aug. 2024. Web. 30 Oct. 2024. < https://repository.mouau.edu.ng/work/view/effects-of-tax-evasion-and-tax-avoidance-on-revenue-generation-and-economic-development-in-nigeria-umunna-ogechukwu-g-7-2 >.
GIFT, UMUNNA. "Effects Of Tax Evasion And Tax Avoidance On Revenue Generation And Economic Development In Nigeria:- Umunna Ogechukwu G" Mouau.afribary.org (2024). Accessed 30 Oct. 2024. https://repository.mouau.edu.ng/work/view/effects-of-tax-evasion-and-tax-avoidance-on-revenue-generation-and-economic-development-in-nigeria-umunna-ogechukwu-g-7-2