AN EXAMINATION OF THE TAXING POWERS OF STATES UNDER THE NIGERIAN LAWS(A CASE STUDY OF KADUNA STATE

📄 Project Abstract

Tax or taxation whether from Personal Income or Company Tax forms part of the items in the National Income required for the servicing of the economic activities and development of any country, Nigeria inclusive. Tax is a compulsory exaction of money by a public authority for public purposes. Tax is used for redistribution of wealth in countries; it is used to direct the course of the economic. It is often employed to encourage or discourage certain economic activities through the provision of tax incentives. Because of its importance and to avoid abuse of it, law of taxation is wholly the creature of statute. Tax must be expressly imposed upon the subject by clear word of the statute. It is not surprising that the different Constitution of Nigeria have persistently enshrined tax and tax items in their provisions and schedule. Nigeria became a federation in 1954 and the question of sharing taxing powers between the Regions/States and the Federal Government immediately arose. In the shar...