Income Tax Evasion And Avoidance Their Causes And Remedies Nigeria

Income Tax Evasion And Avoidance Their Causes And Remedies Nigeria

Prolusion

profit generation of our country is substantially grounded on the income deduced from duty, which can either be direct duty or circular duty.

This exploration especially focuses on the causes and remedies of duty elusion and avoidance in Nigeria. Having discovered the rate in which duty evaders and avoiders dodge or escape duty, this piece of jotting also will gave result on how to dock the conditioning of duty evaders and avoiders.

To those who have been chancing it delicate to distinguish or draw a sharp difference between duty elusion and avoidance, it’s of immense important.

This is so because, it gave the full meaning of duty elusion and avoidance to a nonprofessional’s understanding.

Some of the effects I bandied in this exploration design are meaning of duty, duty elusion and avoidance, offences allocate for duty evaders and duty avoiders, causes and remedies of income duty avoidance and avoidance and so numerous intriguing motifs not mentioned.

In fact, you’ll find the design veritably satisfying to real.

TABLE OF CONTENTS

CHAPTER ONE

preface

statement of the study

explanation of the study

significance of the study

description of terms

CHAPTER TWO

Literature review

form of duty elusion and avoidance

goods of duty elusion and avoidance

Means of dealing with duty avoidance

Measures espoused by duty authorities to

eradication duty avoidance and elusion in nigeria

CHAPTER THREE

Statement Of Hypothesis

Methodology Of Study

Sources Of Data

CHAPTER FOUR

donation of data

Analysis of the data

CHAPTER FIVE

Summary

Conclusion

Suggestions

Bibliography

Chapter One

Preface

Statement Of The Problem

duty is a mandatory tax, which a government imposes on the income of eligible citizen in a state of which the government makes no direct benefit on the taxpayer.

profit means the plutocrat government receives from duty. In this situation, duty elusion is a strong armament, which fight against the profit generation in our country. As we know that duty elusion is the deliberate attempt of a taxpayer not to pay duty while avoidance is refers to attempt of a taxpayer to reduce his duty liability in order to pay little as duty.

This action affects the generation of earnings in Nigeria. it makes the objects of which duty is meant for not to be achieved. Despite all the sweats made by the government to help the problem of duty elusion and avoidance, there are still reduction in the development of growth in the frugality. Also reduction in capital expenditure, intermittent expenditure profitable growth, monopolistic problem and public debt.

As a result of this, my focus is to discover the causes of this problem in the frugality. Again to find out the possible results to this unattractive problem.

Explanation Of Study

Having seen the rate at which people shirk and avoid duty, it’s now necessary to know how this exploration will be useful to dock this problem at hand. Another reason why the study is necessary now is to help the duty authorities collude out the necessary strategies to collect levies to avoid the issue of duty elusion and avoidance.

Again, having seen that the profit generation of our country depends substantially on duty and in the absence of that, the country won’t be suitable to meet up with diurnal problems, so it’s necessary to see a way out to avoid duty elusion and avoidance in order to reduce its effect on our profit generation in the country

Set- tails on capital systems as a result of deficit of finances due to low income generation from duty and other sources is a problem to be addresses adequately. So, the problem of duty elusion and avoidance must adequately be traced, so that the country will increase her capital systems from finances generated from duty.

Significance Of The Study

Having seen the rate at which people shirk and avoid duty and the subservient effect it brings in the profit generation of the country, the experimenter still has come out with some possible results to this problem in the frugality. This entails that the exploration will serve as a possible results to the problems of duty elusion and avoidance in the society.

further still, duty authorities and officers will find this exploration satisfying as the exploration vividly refocused out the colorful forms of duty elusion and avoidance and also show the goods of similar in the frugality.

Eventually, the exploration will be of great significance to further experimenters on duty elusion and avoidance in the society.

Description Of Terms

DUTY can be defined as a mandatory tax assessed upon the eligible citizens of a state by the government of that state

DUTY ELUSION Can be defined as violation of the duty law, whereby a taxable existent or company neglects to pay duty due to him.

DUTY AVOIDANCE Simply means the act of dodging duty without actually breaking the law

profit levies, which a government receives

INCOME duty This is duty grounded on bones income

COMPANY INCOME duty This is duty levied on gross profit of companies. The advanced the gross profit of a company, the advanced the duty it runners.

DUTY AUTHORITIES This refers to the person or body of person responsible under law for collection of levies.

CANNONS OF TAXATION These relate to principles governing levies.

TAXPAYER One who pays duty