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The Impact Of Tax Evasion And Tax Avoidance In Nigeria Economy

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HISTORICAL DEVELOPMENT
Before the advent of our colonial masters, there were already traces of taxation in existence, for instance in the Northern apart of Nigeria due to the Mohammedanism spirit people were made to contribute towards charity, which was the foundation of taxation there.
But before independence there were axes levied e.g. zakka ( agricultural products), Kurdin, Janghali etc. in other parts of the country that is the Yoruba and the Ibo’s there was a  axes developed system of taxation due to decentralization of government powers.
In the cause of his administration Lugard passed many Laws in the Northern Nigeria to enable him to collect the taxes: they were 
1) The 1906 Native Revenue proclamation
2) The 1906 Native Revenue proclamation
3) The 1917 Native revenue ordinance
But it was difficult to introduce Native revenue ordinances due to the fore- mentioned reason in the southern parts of the country.
Subsequently to the discrimination in 1957 between the native-direct taxation (colony) ordinance and the non-native income tax (protectorate) ordinance was its replacement by the direct taxation ordinance of 1940 and the income tax ordinance 1943 although it retained its discriminative nature.
Due to the evolving of a federal system of government in the 195’s the income tax ordinance of 1945 was retained to the taxation of non-African and their companies while the 1040 ordinance governed the Africans consequently, to the surprise of many the east which was the last to accept any form of taxation was the first to introduce a comprehensive ordinance with finance law 
(No.1) 1956, it was this that introduced the (P.A.Y.E.) the western region income tax law (No 16) of 1951, while the North retained the 1940 ordinance.The 1058 the Rays man fiscal commission recommended the introduction of uniform basic principles of taxing incomes of persons other than limited liability companies throughout the country this was an embodiment in the Nigeria ( constitution) order in council 1960 formed the basis of the present income tax management Act ( the 1961 Act).
Companies and non – residents in Nigeria today are taxed by the federal inland revenue service, while persons other than companies and residents are taxed by the state Board of internal revenue. 

TABLE OF CONTENT
Title i
Approval ii
Dedication iii
Acknowledgement iv
Table of content v

CHAPTER ONE 
1.0 Introduction1
1.1 The history of tax 3
1.2 Present day taxation in Nigeria 3
1.3 Objective of the study 4
1.4 Significance of the study 4
1.5 Definition of tax 5
1.6 Characteristics / objective of modern tax 7
1.7 Definition of relevant terminologies 9

CHAPTER TWO
2.1 Tax evasion and tax avoidance 11
2.2 Definition of tax evasion and tax avoidance 12
2.3 Evasions as a decision of risk 14
2.4 Evasion by firms 14
2.5 The three main streams of avoidance 14
2.6 Elimination of tax evasion and tax avoidance 16
2.7 Impact of tax evasion and tax avoidance to the economy 19
2.8 Taxability or income from illegal trading

CHAPTER THREE
3.0 Finding and recommendations 20
3.1 Findings 20
3.2 Recommendation 21
3.3 Conclusion 22
Bibliography 23 


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(2014, 11). The Impact Of Tax Evasion And Tax Avoidance In Nigeria Economy.. ProjectStoc.com. Retrieved 11, 2014, from https://projectstoc.com/read/4265/the-impact-of-tax-evasion-and-tax-avoidance-in-nigeria-economy-5739
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"The Impact Of Tax Evasion And Tax Avoidance In Nigeria Economy.." ProjectStoc.com. 11, 2014. Accessed 11, 2014. https://projectstoc.com/read/4265/the-impact-of-tax-evasion-and-tax-avoidance-in-nigeria-economy-5739.