AN APPRAISAL OF TAXATION AS A VALUABLE TOOLS FOR ECONOMIC DEVELOPMENT OF NIGERIA


ABSTRACT
          The contribution of taxation to
economy can not be over emphasized apart from the revenue function it performs
for the government; it is also used to assist the nation government to achiever
the country’s macro economic objective in the areas of the monetary policies.
It has been observed over the years in Nigerian economy that the taxation
derived from companies has been grossly understated due to the improper
administration of Nigerian tax system in the collection and assessment of
companies in any fiscal year. companies are know to be evading tax which is
criminal in nature  and also avoiding tax
due to the various loopholes in the tax lows. Non- compliance with tax rules
and regulations has been a battle neck which is a Kay factors in the
ineffectiveness in the management of Nigerian tax system.
          The main objective of the project is
to explore the relationship between taxation and Nigerian economic growth of
the nations the primary and secondary data were applied in carrying out this
research work.
Chi-
square and multiple liner regression analysis was used to analyze the primary
and secondary data respectively, the findings reveal that there is a
significant
relationship between taxation and Nigerian 
economic development tax evasion and avoidances are major  hindrances to revenue generation Nigerian
economic , on – compliances with  tax
laws on the part of the tax payer is a hindrance and in effectives tax
administration  has giver enough loop
holes to poor generation of this major sources of incomes. We recommend among
other the computerization of the integrated tax operation for enhancement in
revenue collection.
TABLE OF CONTENTS
                                                                                                    Page
Title                                                                                                    i
Certification                                                                  
                             ii
Dedication                                                                                         iii
Acknowledgement                                                        
                             iv
Abstract                                                                                             v
Table
of Contents                                                                            
CHAPTER ONE:                           
1.0           
Introduction                                                                                 1                                                                                
1.1                                   
Background to the Study                                                                 
1                                                     
1.2                                   
Statement of the Problems                                                         
3                                         
1.3                                   
Research Questions                                                                     6                               
1.4                                   
Objectives of the Study                                                                6                                        
1.5                                   
Hypotheses of  the study                                                                     
6    
1.6                                   
Significance of the Study                                                                      
7                                                  
1.7                                   
Scope  of the
study                                                                               7            
1.8                                   
Special terms                                                                               8                      
1.9     plan of the study
                                                                         9                                      
          End of chapter references                
                                                     10-11
 
CHAPTER TW0
2.0.
Introduction                                                                                      
12
2.2.
Classification of   tax                                                                         14                                                                                              
2.3.
Collectible Taxes and Levies by Each Tier of the Government in
       Nigerian                                                                                            15
2.4.
Taxation and Fiscal Regulation In Nigerian                                     18
                          
2.5.
Impact of Taxation on Economic System in Nigerian                     26
2.5.0.
Objectives Of Nigerian Tax System                                             
29
2.5.1.
To Promote Fiscal Responsibility and Accountability                   29
2.5.2.
To Facilities Economic Growth and Development                        29
2.5.3.
To Provide the Government with Stable Resources For The 
           Provision   of Public Goods and Services                                       30
2.5.4.
To Address Inequalities Income Distribution                                  36
2.5.5.
To Provide Economic Stabilization                                                
31
2.5.6.
To Current Market Failure and Imperfection                                  31
2.5.7.
Feature of the Nigerian Tax System                                               
31
2.6.1.
Simplicity Certainty and Clarity                                                     
31
2.6.2.
Law’s Compliances Cost                                                      32
2.6.3.
Law’s Cost Of Administration                                                   
32
2.6.4.
Fairness                                                                                       33
2.6.5.
Flexibility                                                                                   
33
2.6.6.
Efficiency                                                                          
         33
2.7.
Imperatives of Tax as A Tools For Economic                                34
     End of Chapter References.                                                              
37
CHAPTER THREE
3.0.
Research Methodology                         
                                          39
3.1.
Introduction                                                                                     
39
3.2.
Areas of the Study                                                                        
      39
3.3.
Research Design                                                                              
40
3.4.
Methodology                                                                                
      41
3.5.
Administers of Data Collection and Instrument                               41
3.6.
Hypothesis Retested                                                                        
42
3.7.
Data Analysis                                                                                   
42              
           References                                                                                    
52
    
 CHAPTER
FOUR                                                                     
4.1.
Introduction                                                 
                                  53
4.2.
Data Presentation                                                                          
53-54
4.3.
Analysis of Data                                                                           
54-66
4.4.
Test of Hypothesis                                                                        
67-69
4.5.
Result and Discussion                                                                   
70-72
4.5.
Appendix                                                     
                                  70-72
  
CHAPTER FIVE
5.0.
Summary, Conclusions and Recommendation                              73
5.1.
Summary of the findings                                                              
73-74
5.2.
Conclusions                                                                                   74-75
5.3.
Recommendation                                                                          
75-79
5.4
further area of the study                                                                  79-81
                End of
Chapter References                                                        
                   Bibliography                                                                                86

                   Appendix                    

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