Impact of Taxation on Ogun State Development

Description

– Impact of Taxation on Ogun State Development –

Download Impact of Taxation on Ogun State Development. Accounting students who are writing their projects can get this material to aid their research work.

Abstract

The aim of this study was to investigate the Impact of taxation on Ogun State Development. One of the objectives carried out by the researcher was to examine peoples perception on taxation.

Taxation is seen as a tool aimed at improving the performance of the national economy by such means as altering the balance between current consumption and capital investment.

I looked at the work of other  authors in order to make the exercise richer. Their different views were seen in different books and other materials (journal) which made this study much better than similar works in this area.

In carrying out this study, the researcher used both primary and secondary data.   Questionnaries and interviews were used in generating the primary data while the secondary data were obtained through library research and other sources.

Introduction

The political economic and social development of any country depends on the amount of revenue generated for the provision of infrastructure in that given country.

However, one means of generating the amount of revenue for providing the needed infrastructure is through a well structure tax system.

Azubike{2009} is of the view that tax is a major player in every society. The tax system is an opportunity for government to collect additional revenue needed in discharging its pressing obligations.

A tax system offers itself as one of the most effective means of mobilizing a nation’s internal resources and if lends itself to creating an environment conducive to the promotion of economic growth. nzontta{2007} on the other hand, argues that taxes constitute key sources of revenue to the federation account shared by the federal, state and local governments. Appah, et al {2004}.

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