THE EFFECT OF TAXATION ON THE POLITICAL ECONOMY OF NIGERIA

CHAPTER ONE

INTRODUCTION

BACKGROUND INFORMATION TO THE STUDY

          A local government cab be defined from the simple perspective as government that is the nearest to the people. The local government raises fund to cover it current expenditure as well as it various development programmers. However, the local government realizes bulk of their funds through taxation which is the focus of the research project.

          Therefore, tax can be defined as levies are national, state, local government on individual or corporation. It is a compulsory payment made by the individual or enterprises to the government. Part of the income or wealth of an individual or enterprise is taken away and used by the state.

STATEMENT OF THE PROBLEM

          Taxes have been one of the major sources of revenue of any country, there are a lot of problem faced in collecting such.

          Individual and private company usually declares false profits so as to present correct assessment by the tax officials by them.

          The tax payers, most especially the farmer use to run away immediately the see the tax collectors with their files, similarly the farmers do complain of time of collecting which is not suitable for them, and the recommendation should be made to the government for the collection of taxes.

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Updated: 10th March 2020 — 8:45 am