THE IMPACT OF TAXES ON ECONOMIC GROWTH IN NIGERIA ( A CASE STUDY OF AKWA IBOM STATE BOARD OF INTERNAL REVENUE SERVICE)
Abstract
ABSTRACT
This research work examines the impact of taxes on economic growth in Nigeria. a.case study of Akwa Ibom State Data for this study were collected through questionnaire. The population of the study is 50 and the sample size is 44 respondents drawn from internal revenue service, Akwa Ibom State. The researcher questions were raised and the hypothesis was tested through the use of analysis of variance. The result of the research study shows that taxations has a significant contribution on economic development of a state and citizens are liable to taxes because there is nothing free. We therefore recommend that Mass enlightenment campaign to educate the people on the need to pay tax promptly should be vigorously perusal. Stringent penalties should be meted to people who evade and avoid tax payments; this will discourage tax avoidance and tax evasion.Tax officials must be adequate trained, well equipped with operational vehicles and telephones in the tax offices and well motivated to carry out their jobs effectively.
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