CHAPTER ONE INTRODUCTION 1.1 Background of the study A Tax is a fee charged or levied by a government on a product, income, or activity. If it is levied directly on personal or corporate income, it is called a direct tax. If it is levied on the price of a good or service, then it is called an indirect tax. The main reason for taxation is to finance government expenditure ...
Read moreABSTRACT This research work was undertaken to examine the tax and economic performance in Nigeria. The study is aimed at putting together those factors that constitute those variables which the government uses to manipulate the economy. The result of the research shows that in this country, a great proportion of government revenue, which should have been generated from taxation, are lost through an ineffective system of tax administration. Hence, making ...
Read moreCHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF STUDY Tax can be defined as a leery, which government imposes on the income of the citizens of a state for which government makes no direct benefits to the taxpayers. It is also an impose by a state on persons who are resident or who earn income within the state. It may take the form of a direct or indirect tax.Generally speaking, a tax is ...
Read moreABSTRACT Taxation and its product, Tax have been very important vehicles for economic policies of many countries of the world. For a very long time, tax has been a major source of revenue for various levels of governments. For instance, in Nigeria, the laws of the land stipulate the categories of taxes that are collectable by each of the three tiers of government. This is with a view ...
Read moreABSTRACT It is a known fact that taxation is one of the major sources of government funds. There are various forms of levies in Nigerian tax system, among these is Company Income Tax. The present study focuses on the significance of Company Income Tax on Nigerian economy and its effects on Nigerian companies, a case study of Union Bank Plc, Illorin. Company Income Tax is a levy, which is imposed ...
Read moreCHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY The background of the study is also called important of the study, so the study, of the term paper is when completed the essence of paying tax. Under the importance of the study, we have income tax which is one of the major sources of avenue of the Federal Government in question. In tax collected comeback to the tax payer in form ...
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