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The Effect of Tax Collection on Profitability of the Companies in Nigeria

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– The Effect of Tax Collection on Profitability of the Companies in Nigeria –

Download The Effect of Tax Collection on Profitability of the Companies in Nigeria. Accounting students who are writing their projects can get this material to aid their research work.

Abstract

The serious decline in the price of oil in recent years has to lead to a decrease in the funds available for distribution to the federal and state Governments.

The need for the state and local government to generate adequate revenue from internal sources has therefore become a matter of extreme urgency and importance.

This need underscores the eagerness on the part of state and local government and even the federal government to look for new sources of revenue or to become aggressive and innovative in the mode of collecting revenue from existing sources.

Introduction

Over the years, revenue derived from taxes has been very low and no physical development actually took place, hence the impact on the poor is not being felt.

Inadequate tax personnel, fraudulent activities of tax collectors, and lack of understanding of the importance to pay tax by taxpayers are some of the problems of this study.

The issues mentioned above will therefore constitute the problems to be addressed by this research work.

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