Income Tax Evasion and Avoidance Their Causes and Remedies Nigeria

Income Tax Evasion and Avoidance Their Causes and Remedies Nigeria

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Reference ID: PS-11682-TM

DEDICATION

This research material titled “Income Tax Evasion and Avoidance Their Causes and Remedies Nigeria” is dedicated to God for his enabling grace, and to all computer enthusiasts who contributed to make life a pleasant experience during my research documentation.

ACKNOWLEDGEMENT

I extend my sincere gratitude to all those who contributed to the completion of this project. Special thanks to my Supervisor (Name of your Supervisor), the Head of Department (Name of your HOD), the Lecturers in the department of Banking and Finance (BF), Book Authors and Profound Scholars of existing or related project material on “Income Tax Evasion and Avoidance Their Causes and Remedies Nigeria” for their invaluable guidance, support, and expertise throughout the journey.

I am also grateful to your study area (mention any funding organizations, if applicable) for their financial assistance. This research would not have been possible without the encouragement and assistance of some stakeholders (mention any mentors, teachers, or colleagues). Additionally, I would like to acknowledge the understanding and patience of my family and friends during this endeavor. Your unwavering support has been a constant source of motivation. Thank you all for being part of this meaningful endeavor.

TABLE OF CONTENTS

PRELIMINARY PAGES

CHAPTER ONE

INTRODUCTION

    CHAPTER TWO

    LITERATURE REVIEW

    • 2.1 Introduction
    • 2.2 Conceptual Review
    • 2.3 Theoretical Framework
    • ⋮
    • 2.4 Empirical Studies

    CHAPTER THREE

    RESEARCH METHODOLOGY

    • 3.1 Introduction
    • 3.2 Research Design
    • 3.3 Population of Study
    • 3.4 Sampling and Sampling Technique
    • 3.5 Validation of Research Instrument
    • 3.6 Method of Data Collection
    • 3.7 Method of Data Analysis
    • 3.8 Questionnaire Administration
    • 3.9 Ethical Consideration
    • 3.10 Statistical Analysis

    CHAPTER FOUR

    DATA ANALYSIS, RESULT AND DISCUSSION

    • 4.1 Introduction
    • 4.2 Presentation and Analysis of Data
    • 4.3 Re-statement of Research Questions
    • 4.4 Test of Hypotheses
    • 4.5 Discussion of Findings

    CHAPTER FIVE

    SUMMARY, CONCLUSION AND RECOMMENDATION

    • 5.1 Introduction
    • 5.2 Summary of Findings
    • 5.3 Conclusion
    • 5.4 Recommendation
    • 5.5 Suggestion for Further Study

    REFERENCES

    APPENDIX A - “QUESTIONNAIRE”

    Income Tax Evasion and Avoidance Their Causes and Remedies Nigeria

    CHAPTER ONE

    Introduction

    1.1 Statement Of The Problem

    Tax is a compulsory levy, which a government imposes on the income of eligible citizen in a state of which the government makes no direct benefit on the taxpayer.

    Revenue means the money government receives from tax. In this situation, tax evasion is a strong weapon, which fight against the revenue generation in our country. As we know that tax evasion is the deliberate attempt of a taxpayer not to pay tax while avoidance is refers to attempt of a taxpayer to reduce his tax liability in order to pay little as tax.

    This action affects the generation of revenues in Nigeria. it makes the objectives of which tax is meant for not to be achieved. Despite all the efforts made by the government to prevent the problem of tax evasion and avoidance, there are still reduction in the development of growth in the economy. Also reduction in capital expenditure, recurrent expenditure economic growth, monopolistic problem and national debt.

    As a result of this, my focus is to discover the causes of this problem in the economy. Again to find out the possible solutions to this ugly problem.

    1.2 Rationale Of Study

    Having seen the rate at which people evade and avoid tax, it is now necessary to know how this research will be useful to curtail this problem at hand. Another reason why the study is necessary now is to help the tax authorities map out the necessary strategies to collect taxes to avoid the issue of tax evasion and avoidance.

    Again, having seen that the revenue generation of our country depends mostly on tax and in the absence of that, the country will not be able to meet up with daily problems, so it is necessary to see a way out to avoid tax evasion and avoidance in order to reduce its effect on our revenue generation in the country

    Set-backs on capital projects as a result of shortage of funds due to low income generation from tax and other sources is a problem to be addresses adequately. So, the problem of tax evasion and avoidance must adequately be traced, so that the country will increase her capital projects from funds generated from tax.

    1.3 Significance Of The Study

    Having seen the rate at which people evade and avoid tax and the subservient effect it brings in the revenue generation of the country, the researcher however has come out with some possible solutions to this problem in the economy. This entails that the research will serve as a possible solutions to the problems of tax evasion and avoidance in the society.

    More still, tax authorities and officials will find this research rewarding as the research vividly pointed out the various forms of tax evasion and avoidance and also show the effects of such in the economy.

    Finally, the research will be of great importance to further researchers on tax evasion and avoidance in the society.

    1.4 Definition Of Terms

    Tax can be defined as a compulsory levy imposed upon the eligible citizens of a state by the government of that state

    Tax Evasion:

    Can be defined as contravention of the tax law, whereby a taxable individual or company neglects to pay tax due to him.

    Tax Avoidance:

    Simply means the act of dodging tax without actually breaking the law

    Revenue:

    Taxes, which a government receives

    Income Tax:

    This is tax based on ones income

    Company Income Tax:

    This is tax levied on gross profit of companies. The higher the gross profit of a company, the higher the tax it pages.

    Tax Authorities:

    This refers to the person or body of person responsible under law for collection of taxes.

    Cannons Of Taxation:

    These refer to principles governing taxes.

    Taxpayer:

    One who pays tax

    …

    CHAPTER TWO

    2.0 Literature Review

    2.1 Introduction

    This chapter focuses on the review of related literature. A literature review includes the current knowledge as well as theoretical and methodological contributions to a particular topic. It documents the state of the art with respect to the topic you are writing. It surveys the literature in the topic selected. In this research work the literature review includes the …

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