CHAPTER ONE
1.0 INTRODUCTION
1.1 BACKGROUND OF THE STUDY:
One of the major functions of any government especially developing countries such as Nigeria is the provision of infrastructural services such as electricity, pipe-borne water, hospital, schools, good roads and as well as ensure a rise in per capital income, poverty alleviation to mention a few.
For their services to be adequately provided, government should have enough revenue to finance them. The task of financing these enormous responsibilities is one of the major problems facing the government. Based on the limited resources of government, there is need to carry the citizens (governed) along hence the imposition of tax on all taxable individuals and companies to augment government financial position. To this end, government have always enacted various tax laws and reformed existing ones ot stand the taste of time. They include income Tax management Act (ITMA), companies income tax Decree (CITD), Joint Tax Borad (JIB) ect.
All these are aimed at ensuring adherence to tax payment and discouraging tax evasion and avoidance. For the purpose of this study, the researcher would be concerned with the impact of taxation as an aid ot the economic development of Anambra state (Nigaeria).
1.2 STATEMENT OF THE PROBLEM
The first need of any modern government is to generate enough revenue which is indeed “the breath of its nostrils”. Thus taxation is by far the most significant source of revenue for the government Nigeria regard payment of tax as a means whereby government raises revenue for herself at the expense of their sweat. It is good to note that no tax succeeds without the taxpayer’s co-operation. Here, we can ask some thought provoking questions such as: what makes taxation such a difficult issue? Why do people feel cheated when it comes to tax? Is government making judicious use of taxpayer’s money? In view of these questions above, this study is going to be carried out to offer solution to them.
We shall also look at the following issues and offer recommendations:
1. Problems affecting he successful operation of tax system in Nigeria.
2. How ot determine the Assessable income
3. Process of tax administration in Nigeria
1.3 OBJECTIVE OF THE STUDY
The general objective of the study is to assess the contribution of taxes towards the growth of the Anambra state economy.
However, the specific objective of the study includes:
1. To examine the relevance of taxation in Anamba state
2. To determine why people feel cheated when it comes to tax.
3. To determine the extent government has been using revenue generated form tax.
4. To examine how tax rate affects the rate of investment in the economy.
5. To know general desirability of firms to invest of tax incentive measures.
Generally, the work is done to find out if tax constitutes the bulk of government revenues and to erase the erroneous that it is exploitation by government for their selfish interest.
1.4 RESEARCH QUESTIONS
These are the questions researcher ask during the research process to help in gathering information or seeking for answers during the research, questions are the following:
1. What is taxation?
2. What ar3e the classifications of taxation?
3. How do people react to payment of tax?
4. Which system of tax is more accepted by people?
5. What are the major problem affecting the Nigeria as system?
Can't find what you are looking for?
Call (+234) 07030248044.
OTHER SIMILAR TAXATION PROJECTS AND MATERIALS
A COMPARATIVE ANALYSIS OF TAX EFFECTIVENESS IN NIGERIA AND GHANA
CHAPTER ONE INTRODUCTION BACKGROUND OF THE STUDY From the days of Pharaohs in Egypt to modern day government, tax and taxation has always been part of society. There have being various reasons as t...Continue reading »
A STUDY OF TAX COLLECTION AND REVENUE MOBILIZATION A CASE STUDY OF ENUGU SOUTH LOCAL GOVERNMENT COUNCIL
ABSTRACT Local government, being the third tier of government, has not performed maximally in the provision of infrastructural development.How can an innovation be introduced towards enhancing effecti...Continue reading »
ADMINISTRATION OF PERSONAL INCOME TAX IN ABIA STATE
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF STUDY Tax which is a major source of public revenue has been defined as compulsory levy imposed on individual and firms by the government. Payment of tax...Continue reading »
ADVANTAGE OF VALUE ADDED TAX IN TERMS OF REVENUE GENERATION
ABSTRACT The study was focused on the importance of value added tax in terms of revenue generation. A core study of federal Inland Revenue service Enugu office. Data were collected from primary and se...Continue reading »
AN APPRAISAL OF PAY-AS YOU EARN SYSTEM OF TAXATION IN NIGERIA (A CASE STUDY OF NSUKKA LOCAL GOVERNMENT AREA)
ABSTRACT The purpose of this research work is to describe the practical approach to an appraisal of pay-as-you-earn system of taxation with referee to Nssuka local government area. To guide this stud...Continue reading »
AN APPRAISAL OF TAX AMNESTY IN NIGERIA (A CASE STUDY OF FEDERAL INLAND REVENUE SERVICE (FIRS), ABUJA)
CHAPTER ONE INTRODUCTION 1.1. BACKGROUND OF THE STUDY Tax is one of revenue instrument in a country that exists since long time ago. In the bible, there are some stories that are related with tax. ...Continue reading »
What are looking for today?
Format: | Ms Word | ||
Chapters: | 1 - 5 | ||
Pages: | 70 | ||
Attributes: | Questionnaire, Data Analysis,Abstract | ||
Price: | ₦5000 | ||
Get the complete project » |
THE IMPACT OF HUMAN RESOURCE PLANNING ON ORGANIZATIONAL PERFORMANCE
91,729 people found this useful
IMPACT OF E-LEARNING ON THE ACADEMIC PERFORMANCE OF UNDERGRADUATE STUDENTS (A CASE STUDY OF NATIONAL...
71,147 people found this useful
IMPACT OF SOCIAL MEDIA ON CONSUMER BEHAVIOR
62,798 people found this useful
TAX ADMINISTRATION IN NIGERIA: CHALLENGES AND PROSPECTS, A CASE STUDY OF LAGOS STATE BOARD OF INTERN...
62,073 people found this useful
THE EFFECT OF SOCIAL MEDIA ON STUDENTS PERFORMANCE IN LEARNING LISTENING COMPREHENSION
58,177 people found this useful
THE EFFECT OF ADVERTISEMENT ON CONSUMER BRAND PREFERENCE
57,128 people found this useful