Abstract
This study was set to determine the impact of good tax management on revenue generation in Anambra State, using Orumba south Local Government Area as the area of study. The study was necessitated by the increasing financial burden on the government at levels occasioned by the surging need to provide social services and infrastructural development for the governed. To accomplish the objective of the study, the researcher has reviewed the opinions of established authorities on the subject matter of study. Well- structured questionnaires were used to elicit information from respondents forming the sample of study. Data were collected using questionnaire and were analyzed using frequency tables and percentages.
The analysis result revealed that;
On the basis of the above findings, the researcher recommends that;
TABLE OF CONTENTS
Title page
Approval page ii
Dedication iii
Acknowledgement iv
Abstract v
Table of contents vi-vii
CHAPTER ONE
References 13
CHAPTER TWO – LITERATURE REVIEW
2.1 History of Orumba South L.G.A 14
2.2 Meaning and definition of Taxation 15
References 31
CHAPTER THREE- RESEARCH METHODOLOGY
3.1 Introduction 32
3.2 Research Design 32
3.3 Sources/method of data collection 33
3.4 Population and sample size 33
3.5 Sampling techniques 34
3.6 Method of data analysis 35
References 36
CHAPTER FOUR – PRESENTATION AND ANALYSIS OF DATA
4.1 Introduction 37
4.2 Presentation of data 37
4.3. Analysis of data 37
CHAPTER FIVE – SUMMARY, CONCLUSION AND RECOMMENDATION
5.1 Summary of finding 50
5.2 Conclusion 51
5.3 Recommendation 52
5.4 Area of study 53
BIBLIOGRAPHY 54
APPENDIX 56
QUESTIONNAIRE 57
CHAPTER ONE
The prime objective of every government is to maintain law and order, to provide and maintain basic essential services without which the community will be unimaginable and which by their nature cannot be left appropriately in the hands of private entrepreneurs. Such services include Internal Law and Order, Maintenance of National defense, provision of good healthcare system, educational system, transportation system, agricultural system etc. To cover the cost of providing these goods and services for the public good, government must generate financial and adequate revenues. The quest to governing meaningful financial resources has often led government to designing and administering some efficient and effective revenue generation systems. Primarily the main source of government revenue includes;
Amongst these sources, taxation (the demand made by the government of a country for a compulsory payment of money by the citizens of that country.) remains the most outstanding. This may be due to it being a civic responsibility that must be performed by the citizens of the state. As a non-penal by compulsory transfer of resources from the private sector, taxation must be levied on the basis of equity, certainty, convenience, economy and productivity. Unfortunately, taxes are not paid in exchange for specific things but are collected for the sake of public welfare and interest.
Historically, without exaggeration, the origin of taxation is as old as mankind. The Christian bible tells us the story of Joseph in Egypt and his seven years plan. The Egyptians were heavily taxed for seven years to enable them build up a surplus of grains for storage against the year of famine. This is one of the early instances of economic planning through taxation. In Nigeria, the legal history of tax system can be traced to the native customs and traditions. Nigerians cheerfully paid taxes in kind (rendering free services to communities in which they lived). Those who could not render these services were duly punished. These people were forced to erect community buildings or have their fat animals slaughtered for the benefit of the community.
Studies have shown that before the advent of colonial rule in Nigeria, some relatively well- organized system of taxation had existed In the north under the autocratic rule of Fulani conquerors. The Mohammedans by enjoining their followers to give a portion of their income for charitable or religious purposes provided a religious basis for taxation in Northern Nigeria. Community taxes were also levied on communities. Akin to this were special taxes often levied by reference to occupation or on products or services produced or rendered. For instance, fishermen, smiths, hunters, weavers, etc were all subjected to pay special taxes.
Government often uses various systems (kinds) of taxations to generate the required revenues. For instance, direct taxes which include personal income tax, often applied on employees, sole traders, partnership, capital gain tax on companies, individual and non- co-operate entities, capital transfer tax (applicable asset transferred from one person to another), purchase tax, petroleum profit tax, and company income tax has constituted a significant source of revenue to the government. Similarly, indirect tax, e.g. stamp duties, custom duties, industrial training fund, toll paid on federal highways, will have often enhanced government revenues.
The administration of tax in Nigeria is in the hands of three relevant tax authorities viz:
In Nigeria, persons liable to pay income tax include men, women, married or single, trustees and executors, families, villages and indigenous communities. Though government can also raise funds through natural resources such as oil, palm oil, coal and gas which are exported, those alternative sources of income to government are hardly enough to shoulder the burden of government expenditures, especially in the area of economic and social spheres in each year, hence the need for tax payment.
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