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Product Category: Projects
Product Code: 00004520
No of Pages: 83
No of Chapters: 5
File Format: Microsoft Word
Price :
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ABSTRACT
This research wok, treated impact of taxation as an
aid to economic development. this research work was done to findout if actually
there is an impact of taxation as aid to economic development. this research
also became necessary in order to bring to the proper understanding of the
enquirer the best ways to solve such problems connected with the taxation
especially; what is taxable and the assessment of
TABLE OF CONTENTS
Title page
Approval page
Dedication
Acknowledgement
Abstract
Table of contents
CHAPTER ONE: introduction
1.1
Background of the study
1.2
Statement of problem
1.3
Objective of the study
1.4
Research Question
1.5
Significance of the study
1.6
Scope of the study
1.7
Assumptions of the study
1.8
Definition of operational terms
CHAPTER TWO: REVIEW OF RELATED LITERATURE
2.1
Introduction
2.2
Definition of tax and types
2.3
Incidence of taxation
2.4
Principles of taxation
2.5
Elements of taxation
2.6
The importance of taxation
2.7
Appraisal of some tax legislation
2.8
Structure of Administration of Nigeria Tax system
2.9
The problems of taxation and its function
CHAPTER THREE: RESEARCH DESIGN AND
METHODOLOGY
3.1 Research
Methodology
3.2 Area
of the study
3.3 Population
of the study
3.4 Sample
method
3.5 Research
Instrument
3.6 Validity
of Reliability of research instruments
3.7 Source
of data
3.8 Method
of investigation
CHAPTER FOUR: PRESENTATION AND ANALYSIS OF DATA
4.1 Data
presentation and summary of results
4.2 Test
of Hypothesis
CHAPTER FIVE: SUMMARY OF FINDINGS
/ CONCLUSIOIN AND RECOMMENDATION
5.1
Findings
5.2
Conclusion
5.3
Recommendation
References
Appendix A
Appendix B
Questionnaires
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
We
shall also look at the following issues and offer recommendations:
1.
Problems affecting he successful operation of tax
system in
2.
How ot determine the Assessable income
3.
Process of tax administration in
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
6.
What is the rate of tax evasion and avoidance?
7.
How would you assess the
8.
Who are the people to pay tax?
9.
Which people are exempted from paying tax?
10.
Can your nation grow economically without taxation?
11.
How would you compare tax revenue with revenue from
other sources?
12.
Does taxation make positive impact of life of a nation?
13.
Are there enough workers to carryout this assignment?
1.6 SIGNIFICNACE
OF THE STUDY
ONE
OF THE MOST FREQUENTLY DISCUSSED ISSUES IN Nigeria is how to solve the economic
hardship in the country and how to create an industrial base that can be
guarantee self sustaining economic development. also one wonders why a country
which is richly endowed with the necessary human and material resources and
which the people pay tax has been turned a heavily indebted country. The study
will afford us the opportunity to know the roles taxation play in the Anambra
state economy, such roles includes:
1.
Taxation is a major source of revenue to he government
2.
Revenue generated form tax enables government performs
its functions effectively.
3.
Taxation acts as an instrument of fiscal policy
4.
The impact of tax on small business in the state.
5.
The study will in addition reveal if there are other
better sources of government funding.
1.7
SCOPE OF
THE STUDY
The
scope of this study covers critical examinations on the impact of taxation on
Anambra state economic development. it will also analyze other related issues
such as structure and administrative machinery of tax in Anambra state and
their associated problems. The essence of this digression is to possibly find
out the obstacle if any, that hinder the effective collection &
administration of tax in the state.
1.8 ASSUMPTIONS
OF THE STUDY
The
researcher in carrying out this study will make the following assumptions:
1 That the
data that will be used area true & fair figures of taxes actually collected
by the federal government in each year of assessment.
2 That the
data will be authentic and can be relied on for further research work on the
topic
3 That the
data is going to form the basis of the research work.
1.9 DEFINITION
OF OPERATIONAL TERMS
Tax: A compulsory levy by the government
on its citizen for the provision of public goods & services.
Tax Base: The object which is taxed for
instance personal income, company profit. The combined value of everything such
as income, property, and other assets in a city, country, etc. on which tax is
charged.
Tax Rate: Is the rate at which tax is
charged. It is the percent of income paid as tax, or the percent of the value
of a good, service or asset paid as tax. It can be classified as one of three
types: progressive, proportional and Regressive tax.
Tax incidence: It offers to the effect of and
where the burden is finally rested. It is the analysis of the effect of a
particular tax on the distribution of economic welfare. Tax incidence is said
ot fall” upon the group that ultimately bears the burden of or ultimately has
to pay the tax.
FBIRS: Federal board of Inland Revenue
Services. It is an operational arm of federal Board of inland Revenue which is
responsible for the federal tax matters.
CITA: Company income Tax Act (CITA) is a
federal law operated by the FIRS, which deals with the taxation of all limited
liability companies in
JTB: Joint Tax Board: Is established
under section 85 (1) of Decree 104 of 1993 to arbitrate on tax dispute between
one state tax authority & another.
VAT: Value Added Tax is a multistage tax levied and
collected on
transactions
at all stages of sales and distribution.
CGTA: Capital Gain Tax Act is an act that
stipulates that all capital gains arising on disposal of asset of individual
partnership and limited companies should be taxed.
PPTA: petroleum Profit Tax Act is an act that
regulates the petroleum profit tax and
also specifies how profit form petroleum will be taxed.
WITHHOLDING TAX: This is tax charged on
investment income namely: rents, interest, royalties and dividends, presently
it is charged ad the tax offset.
PROGRESSIVE TAX: This is a tax incidence that increase as the
size of income increases.
REGRESSIVE TAX: A tax is regressive when its
tax rate decreases as the income increases. It is a tax that takes a larger
percentage of a lower-income and a smaller percentage of a higher income
EXCISE DUTIES: These are taxes on some goods
manufactured within a country (as opposed to customs duties, charged on goods
from outside the country. It is a tax on the production or sale of a good.
PERSONS: It include all taxable persons
whether it be individual or corporate bodies
1.5 RESEARCH
HYPOTHESIS
HO: Revenue generated from tax does not
make any positive impact on the economic development.
HA: Revenue generated
from tax has a positive impact on the economic development.
H0: There are
no incentive from the government to boast the morale of the revenue collectors.
HA: There are incentives from the government to boast the morale of the revenue collectors.
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