ABSTRACT

The objective of this topic "Impact of taxation on Nigerian economic development" (1993 to 2013) is to identify the causes and impact of taxation on Nigerian economic development. The study also discusses problems which will appraise the specific impact taxation plays in the economic development of Nigeria, also it make reasonable recommendation to solve the problem of how to stop taxes from going into wrong hands where they are embezzled rather than being used for economic development. There is also the problem of devising good accosting systems for taxes collected and good processes of collecting them. Questionnaires and personal interviews were employed in the collection of primary data, textbooks, newspapers, journals etc. formed the basis for secondary data. Analysis, was carried out by the use of percentages (frequency occurrences) and for hypothesis, correlation model was used. The findings of the study include the following. Also impact of taxation on Nigerian economic development has unfavourable impact on revenue generation in Nigeria. Moreover, there is the problem of illiteracy, ignorance and unpatriotic among tax payeis. There is the problem of impact of taxation on Nigerian economic development can be reduced or eliminated if there is a better relationship between the tax payer, tax collectors and government, If there is proper enlightenment campaign where experienced tax officials are employed to handle tax matters.