APPRAISAL OF NIGERIA TAXATION: ITS AIMS, OBJECTIVES AND CONTRIBUTION TO THE ECONOMY

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APPRAISAL OF NIGERIA TAXATION: ITS AIMS, OBJECTIVES AND CONTRIBUTION TO THE ECONOMY (A CASE STUDY OF FEDERAL BOARD OF INLAND REVENUE ILORIN)

PROPOSAL

This research work aims to access the appraisal of Nigeria taxation: its aim, objectives and contribution to the economy using a case study of Federal Board of Inland Revenue Ilorin Kwara State.

However, appraisal of the Nigeria taxation is one of the major source of government revenue as a means of financing government activity for the benefit of the citizen of the country.

In chapter one, the introduction of the study, background of the study, statement of the problem, objective of the study, scope and limitation of the study, significance of the study, the study plan organization and definition of terms were explicitly analysis.

Chapter two deals with the literature review, while chapters three discuss the research methodology.

In chapter four deals with presentation and analyses were also looked to.

The chapter five deals with the summary, conclusion and recommendation in the appraisal of Nigeria taxation: its aim, objectives and contribution to the economy.

TABLE OF CONTENT

Chapter One

  1. Introduction
    1. Background of the study
    2. Statement of the study
    3. Objective of the study
    4. Scope and limitation of the study
    5. Significance of the study
    6. Plans and organization of the study
    7. Limitations of the study
    8. Definition of terms

Chapter Two

  • Literature review
    • Historical background
    • Definition of taxation  
    • Types of tax and their classification
    • Taxation and the Nigeria economy
    • Tax structure in Nigeria
    • Reason why government levy tax
    • Contribution of taxation to Nigeria economy
    • Definition of terms

Chapter Three

  • Research methodology
    • A brief outline of the chapter
    • Restatement of the research question and hypothesis
    • Characteristic of the study population
    • Data collection instrument
    • Limitation of the research work
    • Definition of terms

Chapter Four

  • Presentation and analysis of data
    • A brief introduction of the chapter
    • Presentation and analysis of data according to research question
    • Presentation and analysis of data according to tests of hypothesis
    • Analysis of other data
    • Definition of terms

Chapter Five

  • Summary, conclusion and recommendation
    • Summary
    • Conclusion
    • Recommendation
    • Suggestion for further study
    • Reference of chapter five

Appendix

Biography

CHAPTER ONE

  1. INTRODUCTION

Several attempts have been made to offer a comprehensive definition of tax or what taxation really means this individual have come up with different definition of tax, which have the same meaning.

According to the encycolopedia Britannia it said, tax is the compulsory levy that is designate for a special purpose. It is regarded as a contribution to the general revenue pool from which most government expenditure are financed.

David W. Peurce in the Macmillan dictionary of modern economic gave this definition also, tax is the transfer of resources from the private to the public sector in order to accomplish some of the nation economic and social goals. It is a compulsory levy by the government of the country through an approval agent usually the Federal Board of Inland Revenue (FBIR) against the income or wealth of partnership, company or individuals.

1.1    BACKGROUND OF THE STUDY

Taxes are the most important source of the government revenue and the major means of financing government activities for the benefit of the citizen of different countries. Tax play a relative minor role in the ancient word for instance, consumption wee levied on Greece and Rome.

These not worth tax were confirmed to real property but they were later extended to other element of net worth. Taxes are used as a means of raising additional fund. In time of war, taxes of net worth are usually temporarily imposed. Real estate transactions were also taxed. In Greece, free citizen had different tax obligation from slaves and in Rome the tax law differs between national and residents of conquered territories.

Taxation come unto existence at different data at various part of the world. In Nigeria it was in 1904, in the early days government impose tax on raise revenue only to cover the cost of administration and defense such as the maintenance of low and other home, takes are no longer imposed merely to cover unavoidable cost of service provided by the state.