Tax Evasion Case Study
EFFECT OF TAX EVASION ON REVENUE GENERATION IN NIGERIA (Lagos State as case study)
PROPOSAL
1.1 INTRODUCTION
Taxation as defined by Ogundele (1999) is the process or machinery by which communities or groups of persons are made to contribute in some agreed quantum and method for the purpose of the administration and development of the society. This view is also similar to the definition of Soyode and Kajola (2006) who defined tax as a compulsory exaction of money by a public authority for public purposes. Nightingale (1997) described tax as a compulsory contribution imposed by the government.
Tax has been argued to be a significant tool of government fiscal policy through increase or decrease of rates of taxes depending macroeconomic situation.
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Tax payment is a demonstration of such a desire. The payment of tax is a civic duty and an imposed contribution by government on her subjects and companies to enable her finance or run public utilities and perform other social responsibilities. Taxes, thus, constitutes the principal source of government revenue. However, one of the greatest problems facing Nigerian Tax System as well as Africa is the problem of tax evasion. The phenomenon of tax evasion is found in all societies i.e. countries, indeed, no matter the extent of control measures put in place, some individuals still manoeuvre there ways and break government rules and regulation regarding …show more content…
1.7 SIGNIFICANCE OF STUDY
This research is expected to be of benefit to the revenue collection officials who are saddled with the sole responsibility of ensuring that all taxpayers are not negligent in paying their taxes. It will assist in knowing the relationship between tax evasion and revenue generation. Alsoto explain why taxes are evaded. The outcome of this research will enable them to have a better understanding of why tax payers evade taxes. Therefore, when these reasons are adequately appraised, it is expected that it will in turn translate to the provision of necessary infrastructure for the society when the resources are judiciously utilized.
Taxation has been said overtime as the major source of revenue to any state, but the number of regular, honest tax payers is said to be at an appalling low rate. This research undertaken is also expected to be of benefit to researchers and students in general since it is an important aspect of taxation. Hence, it serves as a reference point for future researchers and a blue-print for policy
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