Download Tag: TAX REFORMS

CHAPTER ONE INTRODUCTION 1.1   BACKGROUND OF THE STUDY The tax system in Nigeria is made up of the tax policy, the tax laws and the tax administration. All of these are expected to work together in order to achieve the economic goal of the nation. According to the Presidential Committee on National tax policy (2008), the central objective of the Nigerian tax system is to contribute to the well being ...

  CHAPTER ONE  INTRODUCTION  Every government and most especially those in the developing economies are concerned about the economic growth of their nation. As a result, they put in much effort to achieve higher rate of economic growth and raise the standard of living of its citizens. The critical issue has been how to attract investors and generate the needed resources domestically using tax instruments that are least harmful to ...

CHAPTER ONE INTRODUCTION 1.1    BACKGROUND OF THE STUDY The tax system in Nigeria is made up of the tax policy, the tax laws, and the tax administration. All of these are expected to work together in order to achieve the economic goal of the nation. According to the Presidential Committee on National tax policy (2008), the central objective of the Nigerian tax system is to contribute to the well ...

CHAPTER ONE INTRODUCTION 1.1       BACKGROUND OF THE STUDY Taxation constitutes a major source of revenue for both developed and developing countries. The tax generated revenues are used to finance public utilities, perform social responsibilities and grease the administrative wheel of the government. The Institute of Chartered Accountants of Nigeria (2006) and the Chartered Institute of Taxation of Nigeria (2002) define tax as an enforced contribution of money to the government ...