impact of taxation on economic development

September 29, 2020
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To determine why people feel cheated when it comes to tax. The Alternative Hypothesis (HA):  Revenue generated from tax has a positive impact on the economic development of Edo State. EXCISE DUTIES:    These are taxes on some goods manufactured within a country. THE IMPACT OF TAXATION AS AN AID TO ECONOMIC DEVELOPMENT IN EDO STATE (A CASE STUDY OF OREDO LOCAL GOVERNMENT AREA, EDO STATE, NIGERIA) PROPOSAL The research work will discuss in detail the impact of taxation as an aid to Economic Development in Edo State. The task of financing these enormous responsibilities is one of the major problems facing the government. Firstly, LDCs reel under vicious circle of poverty due to the low rate of capital formation. 30,327 people found this useful, FACTORS AFFECTING LANGUAGE CHOICE IN A MULTILINGUAL SOCIETY Generally, the work is done to find out if tax constitutes the bulk of government revenue and to erase the erroneous that it is an exploitation by government for their selfish interest. Thus, there is still an ongoing discussion on the impact of taxation on economic development. Share Your PDF File That the data that will be used are true and fair figures of taxes actually collected by the Federal Government in each year of assessment. The general objective of the study is to assess the contribution of taxes towards the growth of the Edo State Economy. The Null Hypothesis (HO):  That revenue generated from tax is so merger compared to revenue from other sources as such, government can do with tax. But this method is viewed as a self-defeating one as it is an inflationary method of financing. According to a new paper published by Brookings, the “Effects of Income Tax Changes on Economic Growth”, tax rate cuts clearly stimulate a weak economy in the short-term. It is good to note that no tax succeeds without the taxpayer’s co-operation. We use cookies to improve our website experience.

This scenario just goes to show that when it comes to the economy, it takes bold changes in tax reforms to make bold steps toward building a bold business! 3.

45,921 people found this useful, THE EFFECT OF TREASURY SINGLE ACCOUNT ON THE ECONOMY OF NIGERIA Taxation is known to a...Continue reading », THE EFFECT OF TAXATION ON BUSINESS DECISION (A CASE STUDY OF GUINNESS BREWERIES, ONITSHA), CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY The two primary objectives of every business are profitability and solvency. TAX RATE:  The rate at which tax is charged. Role of Taxation in Financing Economic Development! By employing all these methods, necessary financial resources for planning can be obtained.

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