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| | | Article Name : | | | Tax Evasion, Neglect/Avoidance and Its SocioEconomic Implications in Nigerian Economy | | Author Name : | | | Dr. (Mrs.) LOUISA N AMAECHI, OKONTA PATERICK ONOCHIE | | Publisher : | | | Bridge Center | | Article URL : |  | | | Abstract : | | | One of the major problems confronting the growth of the
nation’s economy in Nigeria is the inability of a greater population of
Nigerian citizen to pay tax or pay appropriately. Unlike Europe,
America and some other advanced countries in the world, tax is paid
as when due to enable their government to utilize it effectively for their
development. Unfortunately, tax tends to be an optional exercise in
Nigeria. Most citizens including some literates, semi-literate,
illiterates, companies, industries and business people residing at a
particular nation by the government for development. Tax evasion,
neglect and Avoidance or Non-compliance to payment hinders the
effective functioning of government such as the lack of provision of
infrastructure, social amenity and insecurity, non-payment of workers
salary, unemployment challenge and other social related issues. The
paper therefore discussed the concept of tax, types of taxation, tax
evasion, neglect and avoidance. It also discussed the need for tax
payment, some areas of tax defaulters in Nigeria and the causes. The
socio-economic implications of non-payment of taxes in Nigeria were
highlighted. The paper recommends proper enlightenment campaign,
provision of tax friendly environment/awareness and proper execution
of legal action to the defaulters. | | Keywords : | | | Tax Evasion, Socio-Economic, Economy,
Neglect/Avoidance
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