-
An Examination Of Problems And Prospects Of Real Property Taxation In Nigeria
-
-
-
Increasing demand for urban infrastructures on land and dwindling revenue allocations in Nigeria have informed the Rivers State Government to promulgate Land Use Charge Law (2001) as a way of increasing internally-generated revenues through property tax. The Law stipulates a formula for assessing the Charge payable on properties in Lagos State, amongst other provisions. The aim of this research is to identify the problems and prospects of real property taxation in Nigeria. This study found that high tax and penalties may discourage investment in new housing and maintenance of existing real properties in Nigeria. It therefore recommended a review of the Land Law and in addition suggested an appropriate basis of fair and equitable tax.
-
-
-
CHAPTER ONE - [ Total Page(s): 3 ]STATEMENT OF THE PROBLEMLow
tax compliance is a matter of serious concern in many developing
countries. This is because it limits the capacity of government to raise
revenue for developmental purposes (Torgler, 2003). This implies that
the higher the revenue, the more likely government will put in place
developmental plans for the enhancement of the living standard of the
people. This is because when people pay taxes more revenue accrues to
the government. The major problem of this ... Continue reading---
-
CHAPTER ONE - [ Total Page(s): 3 ]STATEMENT OF THE PROBLEMLow
tax compliance is a matter of serious concern in many developing
countries. This is because it limits the capacity of government to raise
revenue for developmental purposes (Torgler, 2003). This implies that
the higher the revenue, the more likely government will put in place
developmental plans for the enhancement of the living standard of the
people. This is because when people pay taxes more revenue accrues to
the government. The major problem of this ... Continue reading---
ABSRACT -- [Total Page(s) 1]
Page 1 of 1
ABSRACT -- [Total Page(s) 1]
Page 1 of 1