The Revenue Of Taxation And The Impact On The Economic Growth And Development As A Strategy Designed From Federal Inland Services

CHAPTER ONEBackground to the Study Taxation as a concept involves more than mere imposition of compulsory payment of sums of money by the government and its agents. It is the sum total of compulsory sum of money by the government or its agencies on individuals and firms. The collection of and the accounting for the levied amounts and keeping and editing of tax records. The sum of money levied could be in the form of direct taxes or indirect taxes. However, the essence of taxation is to raise the revenue of meeting part of the government expenditure or for providing economic and social benefits…