Abstract
This study is aimed at the assessment of taxation on revenue generation in Nigeria, attention is given to FCT and some selected states. The study is also aimed at highlighting the concept and nature of taxation, objectives of taxation, classification of taxes, Nigeria’s major taxes and other issues that relate to taxation. In achieving the objective of the study, the researcher adopted primary and secondary sources of data to present and analyze the information for the study. The testing of hypotheses was done using regression analysis via SPSS version 17.0.The research discovered among others that, taxation has a significant contribution on revenue generation, taxation has a significant contribution on Gross Domestic Product (GDP) and tax evasion and tax avoidance have a significant effect on revenue generation in Nigeria. The research recommends among others that well equipped database on tax payers should be established by the Federal, State and Local Governments with the aim of identifying all possible sources of income of tax payers for tax purpose, the tax collection processes most befree from corruption and embezzlement and stringent penalties should be meted by the federal, state and local governments to people who evade and avoid tax payments in order to discourage tax evasion and tax avoidance
Original language | English |
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Pages (from-to) | 102-114 |
Number of pages | 13 |
Journal | Journal of Poverty, Investment and Development |
Volume | 4 |
Publication status | Published - 2014 |
Keywords
- Revenue
- Taxation
- Nigeria
ASJC Scopus subject areas
- Economics, Econometrics and Finance(all)