ABSTRACT

The  basis  of  this   research   project   is  the   Impact   of  tax  incentive   on economic  and  industrial  development. A review  of related  literature   was extensively  made in Chapter Two of the work to cover the relevant  aspects of the topic.  In this regard, the empirical  studies carried out by others  were assembled to  comprehensively   address this  issue. The population   sample size  of  the  study  is   286,  which   is  fully   representative    of  the   research population.   The instruments   used in data collection  for the  purpose  of this study comprised   the   following:    the   questionnaire,    personal   interview, observations,  textbooks,  seminar  papers, articles  and the  internet.  Two of the findings  made from  the study are stated thus:  (1) Tax incentive  has an effect   on  the  level   of  investment    in  the  economy.   (2)  Tax  incentive reduces  government   revenue.    In addition,   two  of the  recommendations advanced for the purpose of economic  and industrial  development  through tax  incentive   in  Nigeria  are  noted   as  follows:   {1}  The  Federal   Inland Reve_nue  should  ensure  that  tax  is computed   and  collected  at  the  right time.  (2) Measures  should  be put  in place  to forestall the activities of tax payers  to  employ  tax  avoidance  and  tax  evasion  as a means  of paying little  or no tax.