THE IMPACT OF TAXATION AS A TOOL OF FISCAL POLICY IN NIGERIA

ABSTRACT

This research work was undertaken to examine the impact of taxation as a tool of fiscal policy. The study is aimed at putting together those factors that constitute those variables which the government uses to manipulate the economy. The source of data to this research work are both from gathered  from Secondary  data, which is from various text books, internet materials and primary data through the use of questionnaires that was filled by various respondent. The result of the research shows that in this country, a great proportion of government revenue, which should have been proportion of government revenue, which should have been generated from taxation, are lost through an ineffective system of tax administration. Hence, making it difficult for taxation to be used as a tool of fiscal policies. Effective tax administration  should be put in place to ensure that everybody is brought to the tax net. They should be transparency in the part of the government in providing the social amenities to the populate to encourage people to pay their tax.  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TABLE OF CONTENTS                                                                                                                                

 

                   Pages                                       

TITLE PAGE                                                                                     I

CERTIFICATION                                                                              II

DEDICATION                                                                                     III

ACKNOWLEDGEMENTS                                                                   IV

ABSTRACT                                                                                       V

TABLE OF CONTENTS                                                                     VI-VII

 

CHAPTER ONE: INTRODUCTION

1.0        BACKGROUND TO THE STUDY                                              1

1.1 SIGNIFICANCE AND JUSTIFICATION FOR THE STUDY             4

1.1     STATEMENT OF THE PROBLEM                                             5

1.2       OBJECTIVES OF THE STUDY                                                 5

1.3       SCOPE OF THE STUDY                                                           5

1.4       LIMITATION OF THE STUDY                                                   5

1.5       RESEARCH QUESTION                                                           6

1.6       DEFINITION OF TERMS                                                          6

 

CHAPTER TWO: LITERATURE REVIEW

2.1. HISTORY OF TAXATION                                                            9

2.1.1   TAX SYSTEM IN NIGERIA                                                        12

2.1.2  HISTORY OF TAXATION IN NIGERIA                                       12

2.2        MEANING OF TAXATION                                                         14

2.2.1   IMPORTANCE OF TAXATION                                                  16

2.2.2 PROBLEMS OF TAX SYSTEM DESIGN                                    20

2.2.3  CRITERIA FOR AND PRINCIPLE OF TAXATION CRITERIA

FOR TAXES                                                                             21

2.2.2   THE INCIDENCE OF TAXATION                                              29

2.3     FISCAL POLICY AND STABILITY                                             31

2.3.1   IMPACT OF TAXATION AS A FISCAL POLICY TOOL ON

PRODUCTION EMPLOYMENT AND PRICE LEVEL.                 39

2.4        IMPACT OF TAXATION ON OUTPUT AND PRICE AT LESS

THAN FULL EMPLOYMENT                                                     40

2.5        IMPACT OF TAXATION ON OUTPUT AND PRICE IN PERIOD OF

MORE THAN FULL EMPLOYMENT (OR EXCESSIVE DEMAND)42

2.6        IMPACT ON GROWTH                                                              43

2.7        IMPACT OF THE 2008 FISCAL POLICIES IN NIGERIA ON

2009 FISCAL YEAR                                                                 44

 

CHAPTER THREE: RESEARCH METHODOLOGY

3.1.0         PRE-TEST SURVEY                                                              53

3.1.1   METHOD OF DATA COLLECTION                                           53

3.1.1   QUESTIONNAIRE METHOD                                                   53

3.1.2      LIBRARY                                                                               55

3.2.0     PROCEDURE                                                                        55

3.2.1   SAMPLING PROCEDURE                                                       55

3.2.3     SAMPLING TECHNIQUES                                                     55

3.2.3     RANDOM SAMPLING                                                            55

3.2.4    PREFERENTIAL SAMPLING                                                  55

3.3.1    DESIGNING / FRAMING OF QUESTIONS                              55

3.3.2     COLLECTION AND RECORDING DATA                                 56

3.3.3     PROCESSING AND ANALYSIS OF DATA                               56

 

CHAPTER FOUR: DATA PRESENTATION AND ANALYSIS

4.1.0 DATA PRESENTATION ACCORDING TO RESEARCH

QUESTION                                                                              57

4.1.1 BIODATA OF RESPONDENTS                                                  57

4.1.2 CLASSIFICATION BY GENDER                                                57

 

 

CHAPTER FIVE: SUMMARY, CONCLUSION AND RECOMMENDATION

5.1    SUMMARY                                                                               66

5.2          CONCLUSION                                                                        66

5.3     RECOMMENDATION                                                               68

BILIOGRAPHY                                                                         70
QUESTIONNAIRE                                                                    71

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