THE IMPACT OF TAX EVASION ON REVENUE REGENERATION BY LAGOS STATE GOVERNMENT

THE IMPACT OF TAX EVASION ON REVENUE REGENERATION BY LAGOS STATE GOVERNMENT

(A CASE STUDY OF LAGOS STATE BOARD OF INTERNAL REVENUE)


NUMBERS PAGES: 68         RESEARCH TYPE:- PROJECT         AMOUNT :- ₦2500

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                                                                        ABSTRACT

Tax evasion is the reduction of tax liabilities by not informing the revenue of all relevant facts. Tax evasion is an illegal means of reducing tax liability by making up false returns or by deliberate omission of some sources of income from the returns. This is a crime and therefore attracts penalty from the government.

The scope of study is strictly to Lagos State Board of Internal Revenue Service and its various tax stations. The scope of study was limited to Lagos State due to financial and time constraint. The state board of internal revenue and other related financial bodies were sampled and examined accordingly.
Relevant data were collected and analyzed using statistical data tools such as percentages and chi-square. The impact of tax evasion on revenue generation in Lagos State were analyzed and other variables relating to the field.

From this research, it was showed that tax evasion on the Lagos State economic can not be overemphasized. The revenue of government has been greatly affected. The current tax system being used gives room for loopholes, the current tax officials, the lack of adequate data and many more have worsened the situation.

TABLE OF CONTENTS
PAGES
Title page i
Certification ii
Dedication iii
Acknowledgement iv
Abstract v
Table of contents vi

CHAPTER ONE
1.0 Introduction 1
1.1 Historical background of the study 2
1.2 Statement of problem 4
1.3 Research questions 5
1.4 Research hypothesis 5
1.5 Objective of the study 6
1.6 Significance of the study 7
1.7 Scope and limitation of study 7
1.8 Definitions of terms 8

CHAPTER TWO
2.0 Literature review on tax evasion 10
2.1 History of taxation in Nigeria 11
2.2 Introduction on taxation 15
2.3 Objectives of taxation 16
2.4 Fundamental effect of taxation 17
2.5 Ways to improve effective taxation 18
2.6 Classification of tax 19
2.7 Principles and legislations on taxation 21
2.8 Tax evasion 23
2.9 Causes of tax evasion 24
2.10 Some suggested solution to evasion problem 24
2.11 The seriousness of tax evasion 25
2.12 Methods of tax evasion 26
2.13 The contribution of the Lagos board on internal revenue
on tax evasion 28
2.14 Stop-go approach to taxation 29
2.15 Income chargeable of tax 30
2.16 Ravine of the existing tax policies and reform in Nigeria 31
2.17 Types of taxes that are collected in Lagos State 32
2.18 Lagos state government electronic banking system of revenue
cycle management (Lagos EBSRCM) 33
2.19 Tax clearance certificate 34
2.19.1 Objectives of electronics tax clearance certificate 35
2.19.2 Benefit of e-TCC to individual 35
2.20 Effects of people perceptions on the utilization of public
funds (tax) 36
References 37

CHAPTER THREE
Research Methodology
3.0 Introduction 39
3.1 Research design 39
3.2 Research approach 40
3.3 Population of study 40
3.4 Sources of data 40
3.4.1 Primary source data 41
3.4.2 Secondary source data 42
3.5 Sample sampling techniques 43
3.6 Instrument for data collection 43
3.7 Validity and reliability of instrument 43
3.8 Method of analysis 44

CHAPTER FOUR
Analysis and Interpretation of Data
4.0 Introduction 45
4.1 Analysis of data 45
4.2 Personal data 46
4.3 Testing of hypothesis 56
CHAPTER FIVE
5.0 Summary of findings, Conclusion and Recommendations 63
5.1 Summary 63
5.3 Conclusion 64
5.4 Recommendation 66

Bibliography
Questionnaire

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