Impact Of Taxation On Government Revenue And Economic Development In Nigeria (A Study Of Firs) (2005-2014)

Ezenwobi Emmanuel Kenechukwu | 59 pages (12171 words) | Projects

ABSTRACT

This work  "impact of taxation on government revenue and economic development in Nigeria" looks  at the  main goal  of any government  as achieving  a reasonable  degree  of economic development.   This objective  can only  be achieved  if adequate  resources  are available,  this therefore demands an inquiry into the tax system of Nigeria since taxes are a means of raising

the required resources. This work answers to what extent revenue derived from  taxes impact on the economy  of Nigeria.  The expediency  theory was adopted  the theory  is based on a link between tax liability and state activities.  It assumes that the state should charge the members of the society for  the services provided  by it the ex-post facto  method of research was adopted since the data required for the study already exists.  Annual time series data for  2005-2014 was used which was sourced from  the Federal Inland Revenue Service,  World Bank report (2014) and Central Bank of Nigeria statistical bulletin (2014).  Among others, it is recommended that taxes should be remitted via an e-payment system or via direct payment  into the tax authorities' account  as this would support  the cashless system  being operated  in the country,  it is also recommended  that the tribunal  recommended  by the Tax act 1993 should  be established  to reduce cases of tax evasion. Only professionals and trustworthy hands should be engaged in tax administration. 

 

TABLE  OF CONTENTS


CHAPTER1: INTRODUCTION


1.1  Background of the Study                                                                                        1


1.2 Statement of the Problem                                                                                        3


1.3 Objectives of the Study                                                                                           3


1.4 Research Questions                                                                                                 3

"                          1.5 Research Hypotheses                                                                                               3


1.6 Scope of the Study                                                                                                  4


1.7 Significance of the Study                                                                                        4


1.8 Limitations of the Study                                                                                         5


CHAPTER 2: REVIEW  OF RELATED LITERATURE


2.1   Introduction                                                                                                              6


2.2 Conceptual Frame Work                                                                                         6


2.2.1 Brief History of Tax Revenue System in Nigeria                                               6


2.2.2 Tax and Tax Administration    in Nigeria                                                                      7


2.2.3 Features of the Nigerian Tax System                                                                  10


2.2.4 Functions of a Good Tax Administration                                                            12


2.2.5 The Principles of Taxation                                                                                   12


2.2.6 Nigeria's Major Taxes                                                                                         14


2.2.7  Federal Government Collectible Taxes in Nigeria                                             16


2.2.8 Meaning of Economic Development and Growth                                              20


2.2.9  Role of Tax Revenue in Economic Growth andDevelopment                           21 

2.3 Review of Empirical Literature                                                                              23


2.4 Theoretical Framework                                                                                           26


CHAPTER THREE: RESEARCH   METHODOLOGY


3.1 Research Design                                                                                                                 29


3.2 Sources of Data                                                                                                       29


3 .3 Method of Data Analysis                                                                                        29


3.4 Model Specification                                                                                                30


CHAPTER  4: DATAPRESENTATION,     ANALYSIS AND INTERPRETATION


4.1 Presentation of data                                                                                                 31


4.2 Analysis of data                                                                                                       33


CHAPTER FIVE:  SUMMARY,  CONCLUSION   AND RECOMMENDATION


5 .1  Summary of findings                                                                                              38


5 .2 Conclusion                                                                                                               39


5 .3 Recommendations                                                                                                   40


REFERENCE 


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APA

EZENWOBI, K (2021). Impact Of Taxation On Government Revenue And Economic Development In Nigeria (A Study Of Firs) (2005-2014). Mouau.afribary.org: Retrieved Oct 30, 2024, from https://repository.mouau.edu.ng/work/view/impact-of-taxation-on-government-revenue-and-economic-development-in-nigeria-a-study-of-firs-2005-2014-7-2

MLA 8th

KENECHUKWU, EZENWOBI. "Impact Of Taxation On Government Revenue And Economic Development In Nigeria (A Study Of Firs) (2005-2014)" Mouau.afribary.org. Mouau.afribary.org, 15 Jan. 2021, https://repository.mouau.edu.ng/work/view/impact-of-taxation-on-government-revenue-and-economic-development-in-nigeria-a-study-of-firs-2005-2014-7-2. Accessed 30 Oct. 2024.

MLA7

KENECHUKWU, EZENWOBI. "Impact Of Taxation On Government Revenue And Economic Development In Nigeria (A Study Of Firs) (2005-2014)". Mouau.afribary.org, Mouau.afribary.org, 15 Jan. 2021. Web. 30 Oct. 2024. < https://repository.mouau.edu.ng/work/view/impact-of-taxation-on-government-revenue-and-economic-development-in-nigeria-a-study-of-firs-2005-2014-7-2 >.

Chicago

KENECHUKWU, EZENWOBI. "Impact Of Taxation On Government Revenue And Economic Development In Nigeria (A Study Of Firs) (2005-2014)" Mouau.afribary.org (2021). Accessed 30 Oct. 2024. https://repository.mouau.edu.ng/work/view/impact-of-taxation-on-government-revenue-and-economic-development-in-nigeria-a-study-of-firs-2005-2014-7-2

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