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The Problems Of Tax Collection And Effects On The Revenue Generation In Nigeria
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CHAPTER ONE
1.0INTRODUCTION
1.1BACKGROUND OF THE STUDY
The
importance of revenue generated to the Local, States and the Federal
Government cannot be overemphasized. Its importance to the Federal and
State Government in recent time promulgated and introduced policy
reforms in the country through taxation laws and policies which is our
major source of revenue generation. This can be seen not only in the
introduction of new tax, the Value Added Tax (VAT), but also in the
improvement of the administration of non-oil taxation with the main
objective of substantially improving the generation of revenue and
sources as well as to reduce to the barest the nation’s (the local, the
state and federal government minimum inclusive) dependency on the oil
sector and sources of revenue generation.
According to Ola (1984),
income tax is one of the major sources of Revenue to Government in
Nigeria and it is a factor to be reckoned within both the local, state
and the federal government budget, the primary purpose of taxation is to
raise revenue to finance government capital and recurrent expenditure.
Furthermore, Ayua (1999) noted that “There is hardly any government
today that does not relay on taxation as a measure not only to provide
for the much needed revenue for socio-economic growth and development
but also to reduce the inequalities of wealth in the society. Taxation
be it capital gains, tax or petroleum profile tax, personnel income tax,
levies, fines etc as a source of generated revenue in the hands of
government is used to achieve economic growth, fight depression and
inflation in the economy, achieve equitable distribution of income and
wealth, allocate resources in a socially and desirable manner so as to
ensure that the balance of payment of the country, (the federal, states
and local government) are in a healthy position. In Orumba local
government there was an increased enlightenment on the need for citizens
to pay their taxes promptly as a means of revenue generation in state,
the state government during the last military regime took steps further
to institute a task force to accelerate revenue generation in the state,
all in a heel to raising revenue to budget standard which has always
been falling below measure or budgeted.
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ABSRACT - [ Total Page(s): 1 ]The essence of this research work is to critically evaluate the problems of tax collection and their effects on the revenue generation. A study of Orumba South Local Government Council. In spite of the recent drawn in successful government administration in the state make general revenue through taxation, fine, levies etc. One amongst has been a continuous sub optimal realization of the project figure as the study revealed. This is due to the tax collection procedure, inappropriateness of the ra ... Continue reading---
