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Effect that Taxation has on Economy Development: Agencies Role

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• Volume 8,Issue 3,May 2021

Year:

2021

Type of Publication:

Article

Keywords:

Taxation, Agencies, Government, Categories of Tax, Tax payer

Authors:

• Ajala, A.M.
• Afolabi, A.

Journal:

IJIRES

Volume:

8

Number:

3

Pages:

159-167

Month:

May

ISSN:

2349-5219

BibTex:

@article{1828, author = "Ajala, A.M. and Afolabi, A.", abstract = "This paper focuses on Taxation in the Nigerian economy; we analyzed the postulated hypotheses which dwelt on the relationship that exist between taxation and revenue generated by tax. The main objective of the study is to assess the effect that taxation has towards the development of Nigerian economy and two other specific objectives were stated for this paper. Questionnaires were used to get data from respondents. It was discovered that taxation has a positive relationship with the economy and development in Nigeria. The researcher then recommends a well defined policy for inter governmental collaboration, cooperation and coordination between different tiers and agencies of government, awareness on the tax payers on the role of taxation in the economy and development in Nigeria should be created. Efforts should also be made by the government to ensure they channel revenue from taxation towards economy activities that will benefit the tax payers.", issn = "23495219", journal = "IJIRES", keywords = "Taxation, Agencies, Government, Categories of Tax, Tax payer", month = "May", number = "3", pages = "159-167", title = "{E}ffect that {T}axation has on {E}conomy {D}evelopment: {A}gencies {R}ole", volume = "8", year = "2021", }

Abstract:

This paper focuses on Taxation in the Nigerian economy; we analyzed the postulated hypotheses which dwelt on the relationship that exist between taxation and revenue generated by tax. The main objective of the study is to assess the effect that taxation has towards the development of Nigerian economy and two other specific objectives were stated for this paper. Questionnaires were used to get data from respondents. It was discovered that taxation has a positive relationship with the economy and development in Nigeria. The researcher then recommends a well defined policy for inter governmental collaboration, cooperation and coordination between different tiers and agencies of government, awareness on the tax payers on the role of taxation in the economy and development in Nigeria should be created. Efforts should also be made by the government to ensure they channel revenue from taxation towards economy activities that will benefit the tax payers.

Full text: IJIRES_1828_FINAL.pdf Online version [Bibtex]