ABSTRACT
The main objective of this research is to identify the effort of tax on individuals companies and the government of Delta State. The research design for the study was a survey and in investigating the problem, forty-four (44) respondents were selected at random from the staff of Delta State board of internal revenue. Data were collected through the research instrument of questionnaire and interviews. Responses were flailed and computer using a number of analysis tools. Such as simple percentages and cross tabulated analysis. Among other things, we found that a majority of people agreed that taxation is a source of revenue to the government. In time with the validated research questions, recommendation have been made to improve the system of tax administration, government business in general in Delta State.
TABLE OF CONTENTS
Title i
Certification ii
Dedication iii
Acknowledgement iv
Abstract v
Table of Contents vi
CHAPTER ONE – Introduction
1.1 Background to the Study 1
1.2 Statement of the Problem 2
1.3 Objective of the Study 2
1.4 Research Question 3
1.5 Significance of the Study 3
1.6 Scope of the Study 4
1.7 Limitation of the Study 5
1.8 Definition of Terms 5
CHAPTER TWO - Literature Review
2.1 Introduction 7
2.2 Definition of Tax and Taxation 7
2.3 Classification of Tax 9
2.4 Principle of Taxation 10
2.5 Characteristics of a Good Tax 12
2.6 Statement and Local Government Taxes 12
2.7 Objectives and Motives of Taxation 16
2.8 How Taxation can be used as fiscal weapon 17
2.9 Effect of Taxation 19
2.10 Tax as a Revenue Receipt 21
CHAPTER THREE - Research Methodology
3.1 Research Design 24
3.2 Population of the study 24
3.3 Sample Size 24
3.4 Sampling Techniques 24
3.5 Research Instrument 24
3.6 Validity of Instrument 25
3.7 Reliability of the Instrument 26
3.8 Method of Data Collection 26
3.9 Method of Data Analysis 26
CHAPTER FOUR – Data Presentation and Analysis
4.1. Introduction 28
4.2 Data Presentation 28
4.3 Findings 37
CHAPTER FIVE - Summary, Conclusion and Recommendations
5.1 Summary 39
5.2 Conclusion 40
5.3 Recommendations 40
5.4 Suggestions for Further Studies 41
References 42
Appendix I 43
Questionnaire 44
CHAPTER ONE
INTRODUCTION
1.1 Background of the Study
Some of the major functions of any government especially developing countries such as Nigeria are the provision of infrastructural service such as electricity, pipe-borne water, hospitals, schools, good roads and as well as ensuring rise in per capital, income, poverty alleviation etc. for these services to be adequately provided, government should have enough revenue to finance them. The task of financing these enormous responsibilities is one of the major problems facing the government. Base on the limited resources the government, there is need to carry the citizens governed along hence, the imposition of tax on all taxable individuals and companies to augment government financial position becomes imperative. To this end, government have always enacted various tax laws and reformed existing ones to stand the taste of time. They include: Income Tax Management Act (ITMA), Companies Income Tax Degree (CITD), Joint Tax Board (JTB) etc. All these are aimed at ensuring adherence to tax payment and discouraging tax evasion and avoidance. For the purpose of this study, the researcher would be concerned with the impact of taxation on Delta State Revenue, a case study.
1.2 Statement of the Problem
Nigerians regard payment of tax as a means where by government raise revenue for herself at the expense of their sweat.
It is good to note that no tax succeeds without the tax-payer’s co-operation. Here, we can have some thought-provoking questions such as, what makes tax such a difficult issue? Why do people feel cheated when it comes to tax? Is government making judicious use of tax payer’s money?
In view of these questions above, this study is going to be carried out to offer solution to those questions above. We shall also look at the following issues and offer recommendations.
The problems affecting the successful operation of tax system in Nigeria is how to determine the assessable income process of tax administration in Nigeria.
1.3 Objectives of the Study
The general objective of the study is to assess the contribution or impact of tax in the Delta State revenue.
However, the specific objective of the study includes:
i. To examine the relevance of tax in Delta State.
ii. To determine the extent government has been using revenue generated from tax.
iii. To examine how tax rate, affects the rate of investment in the economy.
Generally, the work is done to find out the impact of tax on government revenue whether tax constitutes the luck of government revenue and to erase the enormous exploration by government for their selfish interest.
1.4 Research Questions
To find answers to the problems of the study, the following research questions have been formulated.
i. How is taxation a source of revenue to the Government?
ii. To what extent does the revenue generated from tax affect the economic development in Delta State?
iii. What are the benefits of paying tax?
iv. What are the laws governing the payment of tax?
1.5 Significance of the Study
One of the most frequently discussed issues in Nigeria is how to solve the economic hardship in the country and how to create industrial bases that can be a guarantee for self-sustaining economic development. Also, one would wonder why a country which is richly endowed with the necessary human and material resources and which people pay tax has been turned a heavily indebted country.
The study will afford us the opportunity to know the roles taxation plays in Delta State. Such roles include:
i. Taxation is a major source of revenue to the government.
ii. Revenue generated from taxation enables government performs its function effectively.
iii. Taxation acts as an instrument for focal policy
iv. The study will in addition reveal if there are other better sources of government revenue or finding.
1.6 Scope of the Study
The scope of this study covers Taxation as a source of Revenue to the Government, a case study of Delta State Board of Internal Revenue. It will also analyse related issues such as structure and administrative machinery of taxation in Delta State and their associated problems.
The essence of this digression is to possibly find out the obstacle if any, that hinder the effective collection and administration of tax in the state.
1.7 Limitation of the Study
In view of the fact that there is limited time and some other constrains such as finance and material, the study is specially carried out in Delta State Board of Internal Revenue.
Due to limited time factor and finance available for use in order for easy data collection, thus research will be restricted in available time and finance.
1 Time Factor and Fund: The constraints of time and funds, the time required to complete this study is rather, short and the finance is sufficient because the researcher is compelled by the condition share is available time and finance between normal semester and the research work. Considering the finance fact of the constraints, the study seems to be rather expensive because of the research financial or fear of embarrassment and other negative actions.
2. Willingness of Respondent: The administration of the questionnaire is limited to willing or persuaded persons alone fall for a study of this nature.
3. Outdated Materials: Thirdly, there is still the constraint of lack of relevant data to carry out this work successfully.
1.8 Definition of Terms
i. Taxation: This is the process or system of raising income through the levying of various types of taxes.
ii. Tax: A tax is a compulsory levy imposed by a public authority on the income, profit, or wealth of an individual, family, community, co-operate or Inco-operated body.
iii. Fiscal Policy: This is the aspect of government policy that deals with the raising of revenue through taxes and other means and also with decision relating to level and pattern of government expenditure.
iv. Assessment: An assessment is the process ascertaining the taxable income of a tax payer.
v. Tax Avoidance: - It involves the use of loopholes in the prevailing tax laws to avoid the payment of tax. Its is not a criminal act.
vi. Tax Evasion: - It is done either making fraudulent and incorrect tax returns or not making any at all, true or untrue its is a criminal act.
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