Effects Of Tax Evasion And Avoidance On Revenue Generation And Economic Development In Nigeria
ABSTRACT
This research work provides a brief conceptual review on the two converging concepts: tax evasion and avoidance and examine some of the legally permissible schemes for reducing them in Nigeria. Empirically providing evidence on their impact on revenue generation and economic development, the study adopts survey research design. Budgeted tax revenue, actual tax revenue, tax evaded and avoided revenue and GDP at current prices were extracted for the period of 1999-2015. This was augmented with survey respondents using research designed questionnaire validated by experts. Ordinary least square method of regression analysis was used to analyze the data. The result reveals that lack of tax education on the citizenry and inefficient use of tax are the major factors which induce tax evasion and avoidance with mean scores above 2. 5 on the scale. With t cal > t tab the work identifies the existence of a significant inverse relationship between federally collected revenue and tax evaded revenue and therefore recommend that an improvement in the enlightenment of citizens and proper use of tax revenue in providing basic social amenities can help curb tax evasion and avoidance in Nigeria.
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-- (2021). Effects Of Tax Evasion And Avoidance On Revenue Generation And Economic Development In Nigeria. Repository.mouau.edu.ng: Retrieved Sep 20, 2024, from https://repository.mouau.edu.ng/work/view/effects-of-tax-evasion-and-avoidance-on-revenue-generation-and-economic-development-in-nigeria-7-2
--. "Effects Of Tax Evasion And Avoidance On Revenue Generation And Economic Development In Nigeria" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 11 Mar. 2021, https://repository.mouau.edu.ng/work/view/effects-of-tax-evasion-and-avoidance-on-revenue-generation-and-economic-development-in-nigeria-7-2. Accessed 20 Sep. 2024.
--. "Effects Of Tax Evasion And Avoidance On Revenue Generation And Economic Development In Nigeria". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 11 Mar. 2021. Web. 20 Sep. 2024. < https://repository.mouau.edu.ng/work/view/effects-of-tax-evasion-and-avoidance-on-revenue-generation-and-economic-development-in-nigeria-7-2 >.
--. "Effects Of Tax Evasion And Avoidance On Revenue Generation And Economic Development In Nigeria" Repository.mouau.edu.ng (2021). Accessed 20 Sep. 2024. https://repository.mouau.edu.ng/work/view/effects-of-tax-evasion-and-avoidance-on-revenue-generation-and-economic-development-in-nigeria-7-2