An Evaluation of the Problem and Prospect of Tax Collection in Internal Revenue Service
An Evaluation of the Problem and Prospect of Tax Collection in Internal Revenue Service
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Abstract on An Evaluation of the Problem and Prospect of Tax Collection in Internal Revenue Service
The research profers an appraisal of the problem and prospect of tax collection in internal revenue service of bauchi state. It analyses the concept of tax and its significance and elucidate the problem encountered in the process of tax collection.The research profers the prospect in tax collection and administration,while investigating tax administration in bauchi state as a case analysis.
Chapter one on An Evaluation of the Problem and Prospect of Tax Collection in Internal Revenue Service
INTRODUCTION
BACKGROUND OF THE STUDY
Tax is invariably an enforced contribution of money ,exacted pursuant to legislative authority if there is no valid statute by which it is imposed, a charge is not a tax.The classical purpose of taxation is the raising of funds to meet government expenditure.redistribution of wealth and the management of the economy.The tax system can also be used to direct the course of the economy.It is often to encourage economic activities. Tax affects the amount available for spending by the private sector of the economy.correspondingly, an increase in tax rate and gathering efficiency will affect the amount available for government spending.Not only that such increase or decrease no matter how minimal may have inflationary or deflationary effect on the economy.secondly and particularly in the case of taxes on income, there is tendency of their imposition to encourage or discourage particular activities. The significance of tax to the government and the state can not be over emphasized.However achieving a high level of revenue through tax is not always an easy fit to attain.Problems encountered includes inadequate staff, bribery and corruption, mismanagement of tax collected, poor accounting record, etc.But according to Adam Smith (1968), there are prospect the lies with the collection of tax.The research intends to investigate the problem and prospect of tax collection in internal revenue service in bauchi state.
STATEMENT OF THE PROBLEM
The problem confronting this research is to evaluate the problem and prospect of tax collection in internal revenue service of bauchi state.
RESEARCH QUESTION
1 What is the nature of taxation
2 What constitute the problems encountered in the collection of tax
3 What are the prospect of tax collection
4 What are the problems and prospect of tax collection in bauchi state
OBJECTIVE OF THE RESEARCH
1 To determine the nature of taxation
2 To appraise the problems and prospect of tax collection
3 To determine the problems and prospect of tax collection in bauchi
SIGNIFICANCE OF THE RESEARCH
The research shall elucidate the problems and prospect of tax collection and profer possible recommendations for effective tax administration.
STATEMENT OF THE HYPOTHESIS
1 Ho Tax revenue in bauchi is low
Hi Tax revenue in bauchi is high
2 Ho Problem of tax collection in bauchi is low
Hi Problem of tax collection in bauchi is high
3 Ho The prospect of tax collection in bauchi is low
Hi The prospect of tax collection in bauchi is high
SCOPE OF THE STUDY
The study intends to appraise the problems and prospect of tax collection in bauchi state.
DEFINITION OF TERMS
TAX DEFINED Tax is invariably an enforced contribution of money ,exacted pursuant to legislative authority if there is no valid statute by which it is imposed, a charge is not a tax.The classical purpose of taxation is the raising of funds to meet government expenditure.redistribution of wealth and the management of the economy.The tax system can also be used to direct the course of the economy.
PERSONAL INCOME TAX DEFINED This is tax levied on income of individuals which is earned either from employment ,trade, business, vacation or profession.
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