Taxation is a fiscal measures used by government to control the economy as well as raise funds for infrastructural development, level up income and promote equalitarianism in the society. However, in collecting taxes, government all over the world are with the several problems such as obtaining correct assessment, mobility of tax collectors, inadequate office equipment and suppliers and fraud by tax officials. These and other problems necessitated this study on “Assessment and Administration o... read more

The paper examines interaction between financial development and economic growth in Abia State. The study highlighted to analyze practically the developmental roles of financial institution in economic development of Abia with Ministry of economic development, Umuahia as the case study. It was organized into five chapters to ensure systematic approach to the issue. Chapter one presents background of the study, statement of the problems, objectives of the study, research hypothesis, significance ... read more

Since the attainment of independence in 1960 various policies of the Nigerian government have been geared towards promoting the growth and development of the Nigeria economy by influencing the trends of Gross Domestic Investment or indirectly through policies aimed at stimulating the flow of finance in any growing economy. Several literatures have shown that there is a nexus between increase in Real Gross Domestic Investment and economic growth of the Nigerian economy. Real Domestic investment i... read more

The concept of corporate governance is one of the issues that have attracted the attention of researchers and organisation around the world. This is due to the fact that governance mechanisms involves a set of relationship among organisation’s management, its board, its shareholders and other stakeholders that provide structure in which organizational goals are set, and organizational performance are monitored. Therefore, there is need for proper incentives for the board and management to pur... read more

The desire to uplift one’s society is the first desire of every patriotic citizen. Tax payment is the demonstration of such a desire. The payment of tax is a civic duty and an imposed contribution by government on their subjects and companies to enable her finance or run public utilities and perform other social responsibilities. Taxes, thus, constitute the principal source of government revenue (Kaibel and Nwokah, 2009). However, one of the greatest problems facing Nigeria tax system is th... read more

Most large companies have their roots in small and medium enterprises suggesting that the future large corporations are the SMEs of today that that must be nurtured to ensure their growth. Thus, SMEs are generally perceived to be the seedbed for indigenous entrepreneurship and generate all the many small investments, which would otherwise not have taken place (Aryeetey & Ahene, 2004). Therefore, developing economies like Nigeria needs to further the development of its private sector by creating ... read more

Small businesses are seen as one key source of economic growth. For this reason,myriadeconomicpolicieshavebeendevotedtopromotetheeconomic activity within small businesses (Buss 2001). Small and medium enterprises (SMEs) form the core of majority of the world’s economies. A study carried out by the Federal Office of Statistics shows that in Nigeria, small and medium enterprises make up 97% of the economy (Ariyo, 2005). Although smaller in size, they are the most important enterprises in the ... read more

Fiscal policy measures in Africa have been largely driven by the need to promote suchmacroeconomic objectives as raising revenue to finance rapid economic growth of theireconomies, generating employment, maintaining price level and exchange rates stabilityand balance of payments equilibrium. To achieve these objectives one of the ways ofdealing with taxation problems is to deal with harmful taxes practices. The two harmfulpractices that readily come to mind istax evasion and avoidance. A decl... read more

Many businesses in Nigeria can tell you horror stories of multiple taxation. The “agents” that come to collect random taxes you’ve never heard of. The frustration of dealing with many different faces of the tax law. The sheer amount of tax you have to pay. This is a major hindrance to running a business smoothly in Nigeria. In recent time the world economy has developed tremendously and this has been linked with activities of Small and Medium Scale Enterprises (SMEs), especially in deve... read more

Dividend according to Nwude (2003) “is the share of the company’s legally available profits divided among the shareholders and received by the shareholders in cash (where cash is paid out) or stock (where stock is paid) or both in other forms of paper claims to wealth”. Dividend is the reward for investing in the company. Dividend plays an important role in determining the value of share in the capital market by investors. Payment of dividends satisfies the residual shareholders’ de... read more

Taxation is not a new word in Nigeria or the world as a whole. In Nigeria, taxation has been in existence even before the coming of the colonial men or the British. Taxation can be defined as the system of imposing a compulsory levy on all income, goods, services and properties of individuals, partnership, trustees, executorships and companies by the government (Samuel and Simon, 2011;Yunusa, 2003). Income tax is one of the major sources of revenue to all government. In Nigeria, it is a factor t... read more

Nigeria is one among the African nations that are plague with fraud and financial crimes and these have had effect on the economy of Nigeria. These crimes, be it economic or financial crimes or both have a kind of devastating effect on the economy, the security, socio economic development and social wellbeing of the citizens of Nigeria. Although it may be pertinent to highlight that as modern financial system encourages and also facilitates local and international commerce. Financial are also en... read more

To every nation, the existence of banking industry is inevitable. This necessitates the need for deposit and credit mobilization. Osayeme (1936) reported that lending has become a vital function in banking operation because of its direct effect on economy, growth and business development. A bank is an organization that accepts money in different account and honours cheque drawn upon it, return of the same amount on demand by depositor or at a specified maturity date. According to Haisbury ... read more

For the development and growth of any economy, the provision of basic infrastructure is quite necessary. Among these are the provisions of schools, hospitals, construction of roads, bridges, railway lines, airports and seaports. Generally, government is saddled with the responsibility of providing some basic infrastructures for her citizens. In lieu of this, the government of any society seeks sources of fund to maintain the development, and meet the needs of its society. Meeting the needs of th... read more

The desire of every patriotic citizen of Nigeria is to have a sound and buoyant economy. One way of demonstrating such a desire is through the prompt payment of taxes to the government. One of the means by which government increases its internally generated revenueis Value Added Tax (VAT). This is a tax on the supply of goods and services whichis eventually borne by the final consumer, but collected at each stage of theproduction and distribution chain. VAT as a concept was first introduced by ... read more

Tax is any form charge levied on a person or an institution by a governing body or its equivalent such that defaulted payment is punishable by law. The imposition of taxes and the institution of taxing is as old as civilization itself cutting across religion, race and continental borders. Prompt tax payment and reduced tax evasion is always a primary objective of the government in most civilizations that exist today. The issue of tax evasion has proven to be a difficult practice to curb even in ... read more

Development is a universal attribute of man and matter, of society and nature, but the direction and speed of the process in man and society can effectively be controlled, and in nature, considerably influenced, by him. However, development involves areas of economic, political, sociocultural, technological and individual. Sustainable economic growth is a major concern for any sovereign nation most especially the developing countries which are characterized by low capital formation due to lo... read more

A treasury single account (TSA) is an essential tool for consolidating and managing governments’ cash resources, thus minimizing borrowing costs. In countries with fragmented government banking arrangements, the establishment of a TSA should receive priority in the public financial management reform agenda (IMF, 2011). Government banking arrangements are an important factor for efficient management and control of government’s cash resources. Such banking arrangements should be designed to... read more

Nigeria is currently not enjoying the best of times. The country is presently suffering the adverse effects of the dwindling revenue from crude oil and gas sector, which today accounts for about 95 percent of its revenue. The fallen price of crude at the world market has orchestrated the devaluation of the Naira and increased inflation. The manufacturing and other productive sectors are worst hit because, as the country is highly import dependent, they find it extremely difficult to bring in raw... read more

Taxation is a compulsory levy imposed by the Government on the incomes of taxpayers in a geographical territory in order to defray the expenses of governance. This implies that anybody that generates income must compulsorily pay taxes. There are different types of taxation. These include the personal income tax, company’s income tax, and petroleum profit tax, value added tax and the capital gains tax. Recently, the issue of capital gains tax in the Nigerian has come to the fore. Government, fr... read more