EFFECT OF TAXATION ON THE ECONOMIC DEVELOPMENT OF EDO STATE: A CASE STUDY OF IKPOBA OKHA LOCAL GOVERNMENT AREA OF EDO STATE. A RESEARCH  PROJECT MATERIAL ON ECONOMICS

EFFECT OF TAXATION ON THE ECONOMIC DEVELOPMENT OF EDO STATE: A CASE STUDY OF IKPOBA OKHA LOCAL GOVERNMENT AREA OF EDO STATE. A RESEARCH  PROJECT MATERIAL ON ECONOMICS

ABSTRACT

The study investigated the effect of taxation in Ikpoba-Okha Local Government Area of Edo State. The objectives of the study are: To identify the various types of tax,  To analyze the revenue generated by the government from taxation 2002-2005                                             in Ikpoba-Okha Local Government Area of Edo State, To evaluate the effect of taxes on the economic development of state from 2002-2005. To offer suggestion for overcoming some of the problems attributed to collection of taxes. To highlight the benefits that will be derived from the revenue generated from taxation. The population used for this study was questionnaire to elicit information from the respondents. The findings of the study are: effect on demand, effect on price level, effect on employment. As a result of the findings derived for the following recommendations. 

CHAPTER ONE

INTRODUCTION

BACKGROUND TO THE STUDY

Taxation can be defined as the money composed by the government on her citizen in order to generate fund so as to meet its expenditure. Taxes are levied so as to accomplish some of nation economic objective of the society. Tax can be a major subject of political controversy throughout history even though they constitute a sizeable share of national income. Introduction of taxation in Nigeria was dictated by the financial need of its colonial administration. Custom duties are against direct taxes were first introduced in southern Nigeria, the northern territory was a convenient place to experiment the system of direct taxation because, the people of the area were used to payment of taxes under the Fulani administration direct taxation was introduced in Ikpoba-Okha Local Government Area of Edo state introduced in the north in 1904.

After the amalgamation of northern and southern Nigeria in the year 1914, taxation was also introduced in the western part of Nigeria. The Yoruba and the Binis who are predominant in the area already had well established tax system of taxation.

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EFFECT OF TAXATION ON THE ECONOMIC DEVELOPMENT OF EDO STATE: A CASE STUDY OF IKPOBA OKHA LOCAL GOVERNMENT AREA OF EDO STATE. A RESEARCH  PROJECT MATERIAL ON ECONOMICS