TAXATION A SYSTEM OF GENERATING REVENUE BY GOVERNMENT

TAXATION A SYSTEM OF GENERATING REVENUE BY GOVERNMENT

ABSTRACT

The major sources of the total foreign exchange accruing to out country comes form oil Beanies which everyone is undoubtedly aware has declined considerably. Consequently there has been a fall in the federation account. It then means that a state such as Enugu state with its major recurrent revenue emanating from its share of federation account will invariably intensity its efforts at internal revenue generation.
Except other non-oil revenue sources are vigorously tapped a bleak economic future is imminent revenue generating exercise are difficult in normal times to accomplish because increase in taxes levies as revenue base are sensitive issues. During economic recession the task is doubled the need to evade civil duties become stronger instead of performing the civil responsibilities.
The researcher saw the need to increase and improve on internal revenue generating effort in the state particularly as Enugu state is a case of worry to everybody in this period of economic recessive bondage and austerity. Enugu state government had in the past made attempts to reform its internally generated revenue base. For example it made some attempts in properly development (Ebeano housing) Transportation business (Entraco) Enugu international market near 9th mile etc but these reform attempts have not yielded the desired result.
In the study new suggestion have been made to study the problem and make some vital recommendation.
Chapter one of the study is the introductory part of the topic. It deals with historical background of taxation in Enugu state importance of taxation in Enugu state, statement of problems purpose of study significance of the study statement of hypothesis scope and limitation of the study and finally definition of terms.
Aware of the fact that some individual have made meaningful contributions by way of write-ups a critical view has been taken in chapter two which reviews those contribution works. Therefore this chapter is titled reviews of related literature. It deals with theoretical review of the contributions so far made by some individuals towards improving revenue generation evaluation of taxation system object of taxation and finally types of taxes.
Chapter three treated research design and methodology sources of data sample frame sample size sample type pilot, study methods of investigation and finally limitation of the methodology.
Chapter four deals with presentation and analysis of data collected in the course of conduct of the sample survey analysis of generated revenue from taxes collected by board of internal revenue for the past three year (2003-2005) and finally analysis of problem of taxation and revenue collection in Enugu collection in Enugu state.
The last one is chapter five which deals with conclusion recommendation for improvement and reformation of tax system for optimum revenue generation in Enugu state to meet up with the rising recurrent expenditure.

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TAXATION A SYSTEM OF GENERATING REVENUE BY GOVERNMENT