Get the complete project »
- The Complete Research Material is averagely 80 pages long and it is in MS Word Format, it has 1-5 Chapters.
- Major Attributes are Questionnaire, Data Analysis,Abstract.
- Study Level: BTech, BSc, BEng, BA, HND, ND or NCE.
- Full Access Fee: ₦4,000
1.1 BACKGROUND TO THE STUDY
The relative roles of the three tiers of government—the federal government, the state governments, and the local government authorities (LGAs)—in public service delivery has emerged as one of the most important topics of open and vigorous debate in the new democratic climate in Nigeria. There have been increasing calls for intergovernmental fiscal relations to be reassessed in light of a widespread belief that although the states and LGAs are assigned primary responsibility for the delivery of basic public services, they are not equipped with adequate revenue resources to fulfill their expenditure obligations because the bulk of government revenues is retained by the federal government. The second tier government which is the state government and the focus of this study has the highest responsibility to deliver infrastructure and other public services, hence the need to generate more money through taxation.
Within the last decades issues of domestic resource mobilization has attracted considerable attention in many developing countries including Nigeria. In the face of unabated debt difficulties, coupled with the domestic and external financial imbalances confronting them, it is not surprising that many developing nations have been forced to adapt stabilization and adjustment policies and increase revenue which demand better and more efficient methods mobilizing domestic financial resources with the view of achieving financial stability and promoting economic growth. Taxation plays a significant role in achieving the purpose of economic development.
According to Opuene (2006), in Ofurum and Ferry (2009), taxation is the imposition by the government of a compulsory levy on the income, profit, property, or the expenditure (consumption) of an individual, family, community, firms or corporate bodies so as to enable the government carryout its economic and social responsibilities to the citizenry.
In a federation like Nigeria, the concept of inter-governmental fiscal relations subsists, and the government’s fiscal power is based on three-tier tax structure – federal, state, and local governments, each of which has different tax jurisdiction for the enactment of tax laws, formulation of tax policies, and tax administration (Odusola, 2006). In 2002, about 40 different taxes and levies are shared by all three levels of government. Each tier of government has the sphere clearly spelt out in the Taxes and Levies (approved list for collection) Decree, 1998. The most veritable tax handles are under the control of the federal government while the lower tiers are responsible for the less buoyant sources, which imply that the federal government tax corporate bodies while the state and local governments tax individuals.
In recent times, the revenue allocation to states from the federation account is not only dwindling but also grossly inadequate. This coupled with the ever increasing financial needs of states compelled state governments to imbibe the culture of improving internally generated revenue as alternative means of meeting and sustaining the various competing financing needs. To achieve this purpose, State governments diverse various means of improving their revenue base and the most popular means is through taxation. Laffer (2012) claimed that state income tax levels have impact on economic growth. It has also been reported that taxation enhances the economy of a nation as a means of achieving financial stability and promoting economic growth. The tax system in most states of the federation is seen as an embodiment of contention and controversy whether in its policy formulation, legislation or administration. Based on the above, the researcher is to provide an overview of the impact of Edo State government taxation culture on economic development of the state.
1.2 STATEMENT OF THE PROBLEM
A state’s tax system is a major determinant of other macroeconomic indices. Specifically, there exists a relationship between tax structure and the level of economic growth arid development. Indeed, it has been argued that the level of economic development has a very strong impact on a state’s tax base (Hinricks, 1999), and tax culture objectives vary with the stages of development. Similarly, the (economic) criteria by which a tax structure is to be judged and the relative importance of each tax source vary over time. For example in Edo State, the incoming of the Governor Adams Oshiolmole in 2008 ushered in a serious tax regime, a situation where income from taxation is very important to government for the purpose of infrastructural development.
1.3 OBJECTIVES OF THE STUDY
The following are the objectives of this study:
- To examine the relationship between tax culture and economic development in Nigeria.
- To examine the impact of taxation on the economic development of Edo State.
- To examine the impact of taxation by the second tier of government on the public masses.
1.4 RESEARCH QUESTIONS
- What is the relationship between tax culture and economic development in Nigeria?
- What is the impact of taxation on the economic development of Edo State?
- What is the impact of taxation by the second tier of government on the public masses?
HO: There is no significant relationship between tax culture and economic development in Nigeria.
HA: There is significant relationship between tax culture and economic development in Nigeria.
1.6 SIGNIFICANCE OF THE STUDY
The following are the significance of this study:
- The outcome of this study will educate the general public in Nigeria and particularly in Edo State on the relationship between taxation by the second tier of government and economic development.
- This research will be a contribution to the body of literature in the area of the effect of personality trait on student’s academic performance, thereby constituting the empirical literature for future research in the subject area.
1.7 SCOPE/LIMITATIONS OF THE STUDY
This study will cover the taxation by the Edo State government and economic development of the state.
LIMITATION OF STUDY
Financial constraint- Insufficient fund tends to impede the efficiency of the researcher in sourcing for the relevant materials, literature or information and in the process of data collection (internet, questionnaire and interview).
Time constraint- The researcher will simultaneously engage in this study with other academic work. This consequently will cut down on the time devoted for the research work
Hinricks, H (1999) A general theory of tax structure change during economic development; Cambridge; Mass Harvard Law School
Laffer, J (2012) Taxation and Economic Growth in Asia; Jack Journal of Public Administration; 6(2); 116-124
Odusola, A (2006) Tax policy reforms in Nigeria. Research Paper No. 2006/03. United Nations University; Unu-Wider
Ofurum, C.O and Ferry, G.B (2009) Tax administration in Nigeria-concept and practice, Port-Harcourt, Davidstones Publishers Ltd
You either get what you want or your money back. T&C Apply
Share a Comment
You can find more project topics easily, just search
SIMILAR ECONOMICS FINAL YEAR PROJECT RESEARCH TOPICS
» ABSTRACT The purpose of this study is to find out if actually there is an impact of taxation as aid to economic development and my study is based on t...Continue Reading »
86 pages | 9 hits | Source: ECONOMICS
» CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY Academics and practitioners have been striving to establish and agreed upon definitions of the co...Continue Reading »
90 pages | 410 hits | Source: ECONOMICS
3. EXAMINATION OF THE EFFECTIVENESS OF TAX IDENTIFICATION NUMBER (TIN) IN COMBATING TAX EVASION IN NIGERIA (A CASE STUDY OF LAGOS STATE INTERNAL REVENUE ...» CHAPTER ONE INTRODUCTION 1.1 Background to the Study Taxes, and tax systems, are fundamental components of government revenue generation. Brautigam (2...Continue Reading »
52 pages | 34 hits | Source: ECONOMICS
» CHAPTER TWO REVIEW OF RELATED LITERATURE 2.1 INTRODUCTION Manpower is the basis of all resources and it is the indispensable means of converting other...Continue Reading »
81 pages | 312 hits | Source: ECONOMICS
5. THE INFLUENCE OF THE REDUCTION IN OIL PRICE AND THE DEVALUATION OF NAIRA ON THE NIGERIA ECONOMIC GROWTH» CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY Nigeria, the most populous black nation situated in western Africa is popularly known for her dom...Continue Reading »
80 pages | 225 hits | Source: ECONOMICS
» ABSTRACT Prominent among the obstacles facing the performance of manufacturing sector in Nigeria is the lack of effectively bank credits to the manufa...Continue Reading »
55 pages | 221 hits | Source: ECONOMICS
» CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY In Africa, high crime levels have been said to be common to countries in transition from authorit...Continue Reading »
81 pages | 737 hits | Source: ECONOMICS
» CHAPTER ONE INTRODUCTION 1.1 Background to the Study The poor have traditionally taken the brunt of the blame for causing society’s many problem...Continue Reading »
52 pages | 586 hits | Source: ECONOMICS
9. THE POTENTIAL FOR MUNICIPAL SOLID WASTE REUSE/RECYCLING AS WASTE MANAGEMENT STRATEGIES IN ZARIA METROPOLIS TO CREATE WEALTH AND PROMOTE A SUSTAINABLE ...» ABSTRACT Municipal solid wastes re use and recycling have multiple socioeconomic and environmental benefits that have not been adequately examined in ...Continue Reading »
52 pages | 94 hits | Source: ECONOMICS
10. EFFECT OF POPULATION GROWTH ON DEMAND FOR IMPORTED CONSUMABLE GOODS IN NIGERIA’S ECONOMY (1981-2014)» ABSTRACT This study examined effect of population growth on import demand in Nigeria, within the sample period of 1981 2014. The data for this researc...Continue Reading »
52 pages | 122 hits | Source: ECONOMICS