An Appraisal Of The Legislative Provisions And Executive Policies On Tax Incentive As Veritable Tool For Economic Development In Nigeria

ABSTRACT Tax incentives are deliberate reduction in tax liability granted to investors to encourage particular economic units to act in some deliberate way (eg invest more, produce more, employ more, exploit more, save more, conserve less, pollute less and so on). They include adjustments to tax policy aimed at lessening the effects of taxation on an industry, a group of persons or the provision of certain services to investors. These incentives are basically designed to attract new investment into the country and to expand existing ones. Tax incentives are measures adopted to motivate tax …