Tax administration in nigeria: an evaluation of tax evasion and avoidance

Thesis Overview

<p> </p><p><strong>INTRODUCTION</strong></p><p>1.1 BACKGROUND OF THE STUDY</p><p>Prior to the second republic of Nigeria an average Nigerian earned less than five hundred Naira. The cost of living was at the lowest to the extent that most workers lived below their remuneration and able to save from the little disposable income without much ado.</p><p>It is worthy to note that, starting from the late 1970’s the general price level had skyrocketed beyond reasonable, imaginable and frightening degree. The Nigeria populace could not afford what used to be the minimum standard of living in the society, the economic and social needs of the people were on the increase and survival of the fittest becomes the order of the day throughout the rooks and crannies of Nigeria.</p><p>It is late glaring that there is a threat to our existence, continuity and hope as a single entity (country) of which urgent and correction measures must be put in place to revive our ailing economy from total collapse.<br>In total, the country is confronted with Unabating debt difficulties coupled with the domestic and external financial imbalance confronting them.</p><p>However the economy has remained in a deep slumber, macroeconomics indicates the economy is in dire need of rejuvenation and indeed radical reform. Also, tax administration need to be revamped while refund of taxes as well as duty drawback administration are inefficient.</p> <br><p></p>