PROBLEMS FACING TAXATION UNDER THE NIGERIAN LAWS AND THE WAY FORWARD

Abstract

There is no gain saying the fact that tax revenue is a powerful tool of economic reform and a major player in every economy of the world. A good system of tax offers itself as one of the most effective means of mobilizing a nation’s internal resources and lends itself to creating an enabling and conducive environment for the promotion of economic growth and development. It can be said that the economic development to a country depends on various reasons one of which is the presence of an effective and efficient tax administration. The tax system in Nigeria has been running on less than efficient speed and progress. This is no doubt, a cause for concern. Thus, this article sets out to unveil the logs in the wheels of effective administration of tax in Nigeria. In doing so, the concept of taxation and types of taxes are punctiliously discussed, the history of taxation traced, while a comparative analysis is carried out. The article concludes with recommendations which if carried out, will goal on way in eliminating the problems of taxation in Nigeria, leading to an effective tax administration.