THE EFFECT OF TAXATION ON REVENUE GENERATION IN NIGERIA: EVIDENCE FROM PLATEAU STATE

JOSHUA C. DARIYE, Yohanna G. Jugu, AMBROSE A. OKWOLI

Abstract


Taxation and revenue generation are complementary terms that are used synonymously in most economies of the world. In view of the current Nigeria economic realities, states and local governments in Nigeria have gotten to the point of borrowing funds to meet recurrent expenditure instead of using earned income from revenue generating efforts to meet this need and perhaps use any residue from such income to undertake some physical and developmental projects. This in fact is a worrisome situation. In the light of this, the study was undertaken with the main objective of reviewing relevant literary materials on two concepts: taxation and revenue generation, specifically to analyse the efforts which the
Nigerian government is making towards enhancing internally generated revenue. To achieve this, a large volume of library and internet materials were deployed and subjected to a critical review. Based on this reviews, it was discovered that problems of tax administration in Nigeria include the inability of the tax system to invoke all the provisions in the various tax laws so as to effectively fight the prevalence and scourge of tax evasion and tax avoidance in the country. In view of this, the paper recommended that tax authorities in Nigeria should invoke the relevant provisions of tax laws to deal with and prosecute cases of tax avoidance and tax evasion in the country

Keywords


Taxation, Tax, Revenue Generation, Tax Avoidance, Tax Evasion

Full Text:

PDF

Refbacks

  • There are currently no refbacks.


International Journal of Management Science Research ISSN ISSN 2536 – 605X(Print)

Copyright: All rights reserved. No parts of this journal may be reproduced in any form; be it electronic, mechanic, photocopying, recording or otherwise without the prior written permission of the publisher.

To make sure that you can receive messages from us, please add the 'ijmsr.net' domain to your e-mail 'safe list'. If you do not receive e-mail in your 'inbox', check your 'bulk mail' or 'junk mail' folders…