CHAPTER ONE
INTRODUCTION
BACKGROUND OF THE STUDY
Tax is invariably an enforced contribution of money, exacted pursuant to legislative authority if there is no valid statute by which it is imposed; a charge is not a tax. The classical purpose of taxation is the raising of funds to meet government expenditure. Redistribution of wealth and the management of the economy. The tax system can also be used to direct the course of the economy. It is often to encourage economic activities .Tax aects
the amount available for spending by the private sector of the economy. Correspondingly, an increase in tax rate and gathering efficiency will affect the amount available for government spending. Not only that such increase or decrease no matter how minimal may have inflationary or deflationary effect on the economy. Secondly
and particularly in the case of taxes on income, there is tendency of their imposition to encourage or discourage particular activities.
The significance of tax to the government and the state cannot be over emphasized. However achieving a high level of revenue through tax is not always an easy fit to attain. Problems encountered includes inadequate staff,
bribery and corruption, mismanagement of tax collected, poor accounting record, etc.But according to Adam Smith (1968), there are prospect the lies with the collection of tax. The research intends to investigate the problem and prospect of tax collection in internal revenue service in bauchi state.
STATEMENT OF THE PROBLEM
The problem confronting this research is to evaluate the problem and prospect of tax collection in internal revenue service of bauchi state.
RESEARCH QUESTIONS
What is the nature of taxation
What constitute the problems encountered in the collection of tax
What are the prospect of tax collection
What are the problems and prospect of tax collection in bauchi state
OBJECTIVE OF THE RESEARCH
To determine the nature of taxation
To appraise the problems and prospect of tax collection
To determine the problems and prospect of tax collection in bauchi
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