Tax Revenue In Nigeria
RESEARCH INTENT
RAJI, MOJEED GBOLAGADE
PROSPECTIVE PhD STUDENT
BEING A RESEARCH INTENT SUBMITTED TO THE GRADUATE SCHOOL OF BUSINESS & ACCOUNTANCY, UNIVERSITY OF MALAYA, KUALA LUMPUR, MALAYSIA IN SUPPORT OF THE ADMISSION INTO PhD RESEAARCH PROGRAMME
FIELD OF RESEARCH: ACCOUNTING, TAXATION & FISCAL POLICY
TOPIC OF RESEARCH: TAX REVENUE AND ECONOMIC GROWTH: THE NIGERIA EXPERIENCE (2000-2019)
Introduction
Tax is a compulsory charge imposed by a public authority on the income and properties of individuals and companies as stipulated by the government decree or Acts or laws irrespective of the exact amount of service of the payer in return (Omotoso, 2001). Such goals may be in for of high level of
…show more content…
Research Methodology
Research Design
For the purpose of this research intent, ex-post facto will be adopted in which data will be collected from Central Bank of Nigeria (CBN) National Bureau of Statistics (NBS) and Federal in land Revenue Services (FIRS) statistical bulletin. Ex-post facto design will be used for this study which will investigate possible cause and effect relationships by observing an existing condition or state of affairs and searching back in time for plausible causal factors. An ex-post facto design will be considered appropriate and suitable for this research intent because it involves assessing repeated observations of the same variable over a long period of
…show more content…
A purposive sampling techniques will be adopted for this purpose of research intent. This sampling technique used to examine the impact of tax revenue on Nigeria economy due to the expediency of the researcher in collecting the data needed for the research.
Model Specification
The research model is newly developed by the researcher for the purpose of this research intent. The inclusion of inflation in the model is informed by the advice of Taylor (1994)that in order to increased growth, cost-oriented anti-inflation programs have to be accompanied by increased transfers from abroad. Recursive relationship exists between economic growth and tax revenue accruable to the government. The functional relationship is expressed as:-
Y= f(x); y= Nigeria Economy, x= tax revenue components
Y= (y1, y2, y3) dependent variables
X= (x1, x2, x3, x4) independent
Ay201 Learning Journal
472 Words | 2 Pages1104 - AY2018-T3 Learning Journal Unit 3 Reflect on the major topics of this unit and answer any three of the problems at the end of chapter seven in the text book. Be sure to consider alternative perspectives as you answer the problems. 3. Use the model of aggregate demand and short-run aggregate supply to explain how each of the following would affect real GDP and the price level in the short run. a.
British Imperialism In Nigeria Essay
3832 Words | 16 PagesNigeria’s economic prospects were what fueled the passion of most politicians from both the North and South of Nigeria. This meant that when Nigeria finally gained independence these politicians made sure that there was no room for outside interference with how the country’s economy was run. Therefore, to understand the reason for the economical difference between Northern and Southern Nigeria in the fifteen years following independence one would have to examine the financial decisions and events that set Nigeria’s economy on a path that was nothing short of disappointing by the end of
Custom Resources For Political Science-California Government And Politics
1025 Words | 5 PagesWith the government and the people not working together this is much of the reason for the poorer economy within Nigeria with comparison to other countries with the size and population. This is hazardous for the inadequacy of having a person rule an already economically declined country that doesn’t know much about the political aspect of the entire country and this could lead to more corruption and turmoil within the
Pros And Cons Of Canada Senate
1949 Words | 8 PagesEvidence from a Field Experiment in West Africa PC Vicente - Economic Journal
How Does Inflation Impact The Economy
737 Words | 3 PagesThe United States has experienced two currency collapses due to inflation. The first was the Continental Currency during the Revolutionary War, and the second was Confederation notes during the Civil War. Studying economics is crucial in order to comprehend business fluctuations, and how it impacts people’s finances and routine. Let’s suppose the government of an imaginary nation called Econland implemented a monetary policy that largely increased the supply of money and credit, and this resulted in a high inflation rate of more than 10%. Could you possibly imagine how this government action would impact the economy as a whole?
Argumentative Essay: The Federal Tax System
147 Words | 1 PagesThe federal tax system is plagued with issues: It doesn 't raise sufficient revenue to back government spending, it is unpredictable, it makes results that are unreasonable, and it impedes monetary productivity. This part examines a few approaches to enhance charges, including making an esteem included duty, expanding natural taxes, improving the corporate expense, treating low-and center pay workers evenhandedly and productively, and guaranteeing suitable tax collection of high-wage family units. A good tax system raises the incomes expected to fund government spending in a way that is as basic, evenhanded, and development well growth as could reasonably be expected. The United States does not have a good tax system.
Efficacy Of The ATO Compliance Model
460 Words | 2 PagesThis crucial aspect inspire and motivate people to follow the tax code. On the other hand, taxpayers choose diverse non compliance dimensions and legal ambiguities when they do not rely tax mechanisms. Moreover, tax audit and penalties could boost revenues as
Remittance Literature Review
1425 Words | 6 PagesSo, we can say that the positive impact on both short and long run. If a 10% increase in investment included 5.42 percentage rise in the income level of these regions. It proves the remittance had both contemporaneous as
Tax: The Most Effective Way In Internalizing Negative Externality
1061 Words | 5 PagesAnd how it’s work. Tax is charging in something most of time it is in a form of money reduction. So what is money, nowadays money are like the flow of life in everything. All basis of life can find by money, food, medicine, place and supply. So where money come from, most of people get money by working no matter is selling goods or any service.
Tax In Mauritius Essay
987 Words | 4 PagesIn countries such as Italy, taxpayers regularly challenge tax legislation on constitutional grounds. Taxpayers in the US continue to challenge the US progressive rate structure at trial and appeals court levels without success. In Mauritius, we do not have ample case law related to the taxpayers’ right but in case of a dispute regarding taxation, the court should be able to censure any excessively high tax burden on citizens. Some rare case exist for instance when the NRPT was introduced.
The Three Main Types Of Political Culture In Nigeria
1128 Words | 5 PagesPolitical culture according to (University of Minnesota, 2017), may be defined as “well-established political traits that are characteristic of a society and consider the attitudes, values, and beliefs that people in a society have about the political system”. Political culture helps strengthen people as a community because people who share a similar understanding of the political events, actions, and experiences that occur in the country, tend to be united. Political culture is usually passed on to the next generations. These are the rules that encompass political culture which are formal rules but also customs and traditions. Political culture is also a set of unstated rules that a society considers acceptable for the political behavior.
John Keynes Theory Of Current Economic Analysis
840 Words | 4 Pages+ I + G + X-M …… …….. (i) Where Y is Income, C is Consumption, I is Investment, G is government expenditure and X –M is net exports (Hossain 1995: 9). We develop another identity of national income on the disposal side i.e. how income is earned and spent Y = C + S + T ………
Macroeconomics Internal Analysis
787 Words | 4 PagesMacroeconomics Internal Assessment Keigo Tanaka This article is about China implementing an expansionary fiscal policy, decreasing the tax but mainly increasing government spendings to improve livelihoods and attempt economic growth. Fiscal policy refers to increasing or decreasing tax and government spending according to it being expansionary or contractionary, affecting aggregate demand. In this case it is expansionary, as China is attempting to open up the economy. Unemployment refers to the situation where individuals are actively seeking but unable to find work.
Human Trafficking In Nigeria
3250 Words | 13 PagesHuman trafficking is an international issue that has been increasing in the last few decades all around the world. Interestingly, a large number of organized crime involves the human trafficking of women in particular. This paper will focus on the relationship between human trafficking and prostitution with women, concentrating on those being brought to Italy from Nigeria. Before delving into an analysis of human trafficking with women, the term must be defined, as it is often confused with the term ‘human smuggling.’ The ‘Protocol to Prevent, Suppress and Punish Trafficking in Persons Especially Women and Children’ defines human trafficking as the ‘recruitment, transportation, transfer, harbouring or receipt of persons, by means of the threat
Advantages And Disadvantages Of Globalization In Nigeria
1458 Words | 6 PagesLow productivity and 7. Endemic corruption, greed. Given the Nigeria’s socio economic and political disposition Globalization presented more challenges for the country for it lacks what is needed to be relevant and deal with it untill the nation can achieve a certain measure of good governance, modest economic
More about Tax Revenue In Nigeria
Ay201 Learning Journal
472 Words | 2 PagesBritish Imperialism In Nigeria Essay
3832 Words | 16 PagesCustom Resources For Political Science-California Government And Politics
1025 Words | 5 PagesPros And Cons Of Canada Senate
1949 Words | 8 PagesHow Does Inflation Impact The Economy
737 Words | 3 PagesArgumentative Essay: The Federal Tax System
147 Words | 1 PagesEfficacy Of The ATO Compliance Model
460 Words | 2 PagesRemittance Literature Review
1425 Words | 6 PagesTax: The Most Effective Way In Internalizing Negative Externality
1061 Words | 5 PagesTax In Mauritius Essay
987 Words | 4 PagesThe Three Main Types Of Political Culture In Nigeria
1128 Words | 5 PagesJohn Keynes Theory Of Current Economic Analysis
840 Words | 4 PagesMacroeconomics Internal Analysis
787 Words | 4 PagesHuman Trafficking In Nigeria
3250 Words | 13 PagesAdvantages And Disadvantages Of Globalization In Nigeria
1458 Words | 6 Pages