(+234)07060722008 
sales@graciousnaija.com
Abstract
The bulk majority of the tax evasion
and tax avoidance is caused by inadequate machineries and lack of skilled
personal in administrative tax bodies as well as the legal framework upon which
their relationship rest. This result in many problems of the tax collection in
Nigeria. It is in this regard that the topic of this dissertation entitled “A
Legal Examination of the Role of Taxation in Revenue Generation and Economic
Development in Nigeria” was chosen. This study is to present, explore and
analyze the nature and extent of tax legal provisions relating to the role of
taxation in revenue generation and economic development in Nigeria. It will
also present how they are maintained, practiced, adhered to and suggest some
ways and means of improving the present state of affairs. The study is composed
of five Chapters. Thus, Chapter one dealt with the General Introduction,
Background, Statement of Problems, Aims and Objectives, Scope of the study,
Significance of the study, Research Methodology, Literature Review and
Organizational layout. Chapter two discussed on Examination of Taxing power in
the Federal Republic of Nigeria under the 1999 Constitution of the Federal
Republic of Nigeria (As amended), and the brief history of Income Taxation in
Nigeria. Chapter three is the bedrock of the whole work that discussed the role
of taxation in the economic development of Nigeria with its legal perspectives.
Chapter four discussed on significance of Taxation in Nigeria; Nigerian
Economic Situation and Tax as incentive for economic growth. Chapter five which
is the last chapter discussed on Summery, Findings and Recommendations that my
hopefully be help in solving the problems.
1.1 Background of the Study
Tax is one of the sources of revenue
for the government.1 This is so because for the achievement of aims, goals and
objectives, an organization will need to have enough funds at its disposal.
This importance assumes an accelerated dimension in the face of the present
economic recession in Nigeria.2
Therefore, tax system is one of the
most powerful means available to the government to stimulate and guide its
economic and social development. In the life of any nation, taxation is an
indispensable tool employed by the government for the promotion of their
overall economic and social objectives. The crucial role that taxation plays in
the development of Nigerian economy cannot be over emphasized.3 Though revenue
generation seems to be the primary goal of the government when it levies taxes,
however it not the only purpose of the government in levying taxes, but
produces economic need for the government.
For instance, when investment,
production, consumption and so on, begin to rise or fall dangerously, a change
in the tax structure can stop or reverse the undesired trend. It is
in recognition of this crucial role of taxation in a country‟s economy
that the United State Supreme Court has this to say in the case of Nichols v.
Ames
“Taxation is one great power upon which
the National fabric is base. It is necessary to the existence and prosperity of
a nation. It is in the air she breathes. For natural men, it is not only the
power to destroy…”
Taxation provides the main impetus for
formulation and implementation of an optimal fiscal strategic policy. To this
end state governments in Nigeria play and carry out important roles and
responsibilities, for examples apart from Local governments State governments
are the second tier of governments closest to the people. These governments
coupled with other responsibilities they are saddled with they provides the
people with social services, and to do this effectively they need to generate
enough funds.
Delivery: Email
Number of Pages: 75
Price: 3000 NGN
In Stock
No comments:
Post a Comment
Add Comment