Impact Of Tax Evasion And Avoidance On The Revenue Generation And Economic Development Of Nigeria
ABSTRACT
This research work provides a brief conceptual review on the
two converging concepts; tax evasion and avoidance and examines some of the
legally permissible schemes for reducing tax evasion and avoidance in Nigeria.
Empirically providing evidence on their impact on revenue generation and
economic development. The study adopts survey research design, collected tax
figures on petroleum profit tax (ppt), value added tax (vat) and company income
tax (cit) were extracted for the period (2000-2012). This. was augmented with
survey respondents using research designed questionnaire validated by experts.
Correlation analysis, regression and t-test statistical techniques were used to
analyze the data . The result reveals that the remoteness of taxpayers from the
Government, the absence of a 'Quid Pro Quo' and the absence of spirit of civic
responsibility are the major factors which induce tax evasion and avoidance
with mean score above 2.5 on the scale . With correlation coefficient of -486 at
5% level, The work identfIes the existence of a signfIcant 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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NWAOGWUGWU, J (2021). Impact Of Tax Evasion And Avoidance On The Revenue Generation And Economic Development Of Nigeria. Repository.mouau.edu.ng: Retrieved Nov 24, 2024, from https://repository.mouau.edu.ng/work/view/impact-of-tax-evasion-and-avoidance-on-the-revenue-generation-and-economic-development-of-nigeria-7-2
JUSTINA, NWAOGWUGWU. "Impact Of Tax Evasion And Avoidance On The Revenue Generation And Economic Development Of Nigeria" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 26 Nov. 2021, https://repository.mouau.edu.ng/work/view/impact-of-tax-evasion-and-avoidance-on-the-revenue-generation-and-economic-development-of-nigeria-7-2. Accessed 24 Nov. 2024.
JUSTINA, NWAOGWUGWU. "Impact Of Tax Evasion And Avoidance On The Revenue Generation And Economic Development Of Nigeria". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 26 Nov. 2021. Web. 24 Nov. 2024. < https://repository.mouau.edu.ng/work/view/impact-of-tax-evasion-and-avoidance-on-the-revenue-generation-and-economic-development-of-nigeria-7-2 >.
JUSTINA, NWAOGWUGWU. "Impact Of Tax Evasion And Avoidance On The Revenue Generation And Economic Development Of Nigeria" Repository.mouau.edu.ng (2021). Accessed 24 Nov. 2024. https://repository.mouau.edu.ng/work/view/impact-of-tax-evasion-and-avoidance-on-the-revenue-generation-and-economic-development-of-nigeria-7-2