EVALUATION OF TAXATION AS A SOURCE OF GOVERNMENT REVENUE (A CASE STUDY OF THE STATE BOARD OF INTERNAL REVENUE)

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ABSTRACT

The Nigeria tax system had its share in terms of being adequately mobilized for an increased revenue and fiscal actions. The State tax revenue is no exemption or Exception to the fact that the revenue generating ability is grossly inadequate to meet up its government functions.

Taxation which is seen as compulsory payment made by the citizens of an entity (country) to the government is mis-constructed in terms, of what the government tax Agencies actually realizes from it.

The term “Taxation” as a source of Government revenue with special reference on the states tax revenue sources, is seen in this study as a lopsided mobilization effort in some states, used as a case study. The research carried out, using the ratio analysis and the difference equation evidently pointed out the fact that some states likes Lagos, Anambra etc. is able to mobilized. A sizeable pool of revenue with recourse to depending on the federal government.

Thus, it is suffix to say here that while some states are reaping a large share of revenue from tax some others are not able to able to meet up the challenges of tax collection either due to poor tax administration, lack of proper orientation to the indigenes on tax payments or inadequate commercial and industrial development in the states affected.

This study is enhanced because of the need to reappraise the tax system of each state, enlighten the supposed tax payers, give concessions. When aftermath of taxation the proceed of the aftermath of taxation into feasible developmental use and Re-Organise the tax Administration system of the states, to foster a move efficient and effective tax mobilization efforts of states.

TABLE OF CONTENTS

TITLE PAGE i

APPROVAL PAGE ii

DEDICATION iii

ACKNOWLEDGEMENT iv

ABSTRACT v

TABLE OF CONTENTS vi

CHAPTER ONE

1.0 Introduction 9

1.1 Objectives of the study 11

1.2 Significance of study 12

1.3 Scope and limitation of study 12

1.4 Terminologies in study 13

CHAPTER TWO

2.0 Background of the study 15

2.1 Principles of taxation in Nigeria 20

2.2 Theory of tax structure development in Nigeria 23

2.3 Administration of tax structure 25

2.4 Functions of a good tax system and Administration in Nigeria 27

2.5 Divisions of taxing power to state under the Nigeria constitutions 30

2.6 Analysis into the State Government tax revenues 33

2.7 Rights of the State tax boards and the tax payers 34

2.8 Economic effect of State Government’s tax and it’s

implication on the government. 35

CHAPTER THREE

3.0 Summary of finding, Conclusion and Recommendation 37

3.1 Summary of findings 37

3.2 Conclusion 40

3.3 Recommendation 42

Bibliography 45

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EVALUATION OF TAXATION AS A SOURCE OF GOVERNMENT REVENUE (A CASE STUDY OF THE STATE BOARD OF INTERNAL REVENUE)

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