TAX AS A MEANS OF INCOME REDISTRIBUTION IN NIGERIA. A RESEARCH PROJECT MATERIAL ON BANKING AND FINANCE
Tax as a means of income redistribution in Nigeria according to the universal library in volume seven said that income redistribution is the proportion of the national income going to w age earners it shows the individual differences in the accrued income.
Tax enables us to know the taxable income due to us this study is mainly carried out to determine if or not we are over charged or not and to ascertain the effect of taxation as a means of redistribution in Nigeria. It enables the reader to know how, why an when tax came into existence an also what tax is all about.
In chapter I is the introduction, background of the study, statement of the problem, objective of the study, significant of the study, scope an limitation of the study, Definition of terms and references. Chapter II shows the overview of the types of tax, agencies responsible for taxation &References. Chapter III is the research metrology, method of data collection, secondary data, method of investigations, location of data an tools of analysis.
Chapter IV is the summary of findings, general benefit of taxation & references. Chapter V, conclusion, recommendation & bibliography.
As everybody has own aim to acquire income and show how he or she has income over the other, the emergency of tax began to arose as a way whereby some part of the individual, companies and co-operate organization an taxed an little portion refrained to the cost of the stages.
Thus by the process of taxing or cutting some be of income form an individual, companies or co-operate organization, the remaining are t he accused to know how individual is
Although in Nigeria, the origin of tax can be dated back to pre-colonial era. Meanwhile in the period of time tax collection and administration, which usually carried out, by the Emir, chief and their appointed agents. The system at that time was highly functional for that time, it was extremely arbitrary.
By that time, tax collection developed from the northern state of the country and finally proceed to the southern state.
On advert of the British about 1900, the administration of tax was affected through several amending ordinances (non Acts and Decrees), which principally entrusted the responsibility of collection of taxes on local authorities.