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An Examination Of Problems And Prospects Of Real Property Taxation In Nigeria
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STATEMENT OF THE PROBLEM
Low
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 research therefore, is to
determine the effect of tax payment on the taxpayer in compliance with
tax policies of government as a useful avenue for revenue generation.
The
more modern approach to tax compliance has benefited from
many contributions from different disciplines. There is a range of
factors that might influence taxpaye’s behavior. For instance, work in
sociology has identified a number of relevant variables such as age,
gender, race and culture. The role of individuals in the society and
accepted norms of behavior have also shown to have a strong influence
(Wenzel, 2002). Also Polinsky and Shavell (2000), present a survey of
the economic theory of public enforcement of law, and emphasize the
aspect of social norms, that can be seen as a general alternative to law
enforcement in channeling individual behavior.
There are limits for a
government to increase compliance using traditional policies such as
audits and fines. Therefore, if the government can influence a norm, tax
evasion can be reduced by policy
activities. Most researchers on tax
compliance for example, (Torgler, 2003), (McBarnet, 2003) and (Murphy
and Harris, 2007). focused their attention on the Western
World and some Asian countries. Socio-cultural factors are important
components in the lives of a people and given the deep-rooted and
pervasiveness of these in the Nigerian societies, there is a clear need
for more empirical research on the factors involved in the decision
making process regard ing compliance, since a better understanding of
these factors can give birth to strategies that improve compliance.
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ABSRACT - [ Total Page(s): 1 ]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 ... Continue reading---
