3.3 Method Of Investigation, Chapter Four
He's at home right now, and the doctor's been called. If the government balances the budget, this would lead to a ______________ of the economy. PREFACE This research work is an attempt to examine how taxation is used as a fiscal policy tool in planning, controlling and co-ordinating the tempo of some of the activities of the economy. The researcher formulated the following hypothesis. - Definition, Effects & Example, Expansionary Fiscal Policy and Aggregate Demand, How Fiscal Policy and Monetary Policy Affect the Economy, What is Monetary Policy? Log in here for access. H1: The imposition of high import duties / tariffs has protected infant industries from competition by foreign counterparts. He's at home right now, and the doctor's been called. Hypothesis 2
The lack of full co-operation by tax officers in given information in respect to revenue amount generated from major taxes in Nigeria annually was also a limitation. You can test out of the
On the other hand, when the economy is overheating by growing beyond its capacity, fiscal policy does the opposite and slows down economic growth to address the problem of inflation. The role of fiscal policy for economic growth relates to the stabilization of the rate of growth of an advanced country. How To Download Taxation As An Instrument Of Fiscal Policy In Nigeria Full Content: At the end of Taxation As An Instrument Of Fiscal Policy In Nigeria free content, click on “subscribe and download”. This is done by way of; As it expands, you can now easily read the words 'Real GDP.' Chapter three deals with the design of the research and methodology. 5.2 Conclusion The government uses its own fiscal policy toolkit, like a doctor, to administer fiscal policy tools - like government spending, taxes and transfer payments - to help strengthen aggregate demand when it's weak. An anti- depression tax policy increases disposable income of the individual, promotes consumption and investment. It serves as a means of planning, controlling and co-ordinating the tempo of activities in the economy. However, any continuing weakness, failings, or mistake are my responsibility alone. Now you know what's inside the fiscal policy toolkit and a little bit more about how the tools are used.
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2.4 Development Of Nigeria Tax System So, the gnome lets out some of the air in the balloon, which contracts it down to a more sustainable size. Example: Contractionary fiscal policy can be used to curb inflation, while expansionary fiscal policy can be used to increase aggregate demand. 2.1 Definition / Forms Of Taxes and Blinder A.S., (1979) in the book âEconomic principles and policyâ defines fiscal policy as governments plan for spending and taxation. credit by exam that is accepted by over 1,500 colleges and universities. It talked about principles / characteristics of a good tax system and of course, the role of taxation in the Nation’s development.Questionnaires were administered on the relevant population sample. In another way around form, Baumel, W.J. If you imagine the government as the doctor carrying the medical kit, these three things are in the toolkit: government spending, taxes and transfer payments. Your email address will not be published. Each of these objectives will increase propensity to smuggle. Ho: The shifting of tax burden from production to consumption since the introduction of VAT has not been able to reduce inflation. We understand the Time Factor, & we have simplified the process so that you can get your projects instantly.
Most academic institution restricted the use of the library during academic periods. As a researcher or writer, this 'Taxation As An Instrument Of Fiscal Policy In Nigeria' will also serve as a guideline. Find out how these tools are used to help the economy in different situations.
3.1 Study Area - Economic Theory & Overview, Quiz & Worksheet - Foreign Market Entry in Marketing, Quiz & Worksheet - The Consumer Decision-Making Process Stages, Quiz & Worksheet - Adjusting the Marketing Mix for International Markets, Quiz & Worksheet - Consumer Behavior & Marketing Strategy, AACN Acute Care Clinical Nurse Specialist - Adult Gerontology (ACCNS-AG): Study Guide & Practice, ANCC Gerontological Nursing: Study Guide & Practice, Certified Public Accountant (CPA) Exam: Study Guide & Practice, ANCC Adult-Gerontology Acute Care Nurse Practitioner: Study Guide & Practice, Theories of Human Development, Motivation & Coping, Legal, Ethical & Regulatory Considerations in Nursing, Telehealth & Remote Medical Care Strategies, Diagnostic & Therapeutic Procedures in Nursing, Developing an Engaging Online Homeschool Curriculum, What is COVID Slide? I'll bet you're curious about what's in the kit, huh? Upload and start selling your books, papers. Suppose GDP is $1,500, consumption is $900, investment is $200, government purchases are $300, and taxes are $100.
The constituent elements of these economic policies need to be manipulated, and most of them simultaneously for the desired result. The aim of this research work is to examine how the use of taxation as a fiscal instrument in Nigeria has affected the nationâs socio-economic life. It also looked at the Nigeria tax system in terms of tax policy; tax laws and finally taxes administration.
2.0 Review Of Related Literature Being forced to drastically raise taxes c. Being forc. The direction of taxes is seen in its potential effects on the determinants of growth. Ho: The imposition of high import duties / tariffs has not protected infant industries from competition by foreign counterparts.
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Each tool can be used in two opposite ways - to help expand economic output or, on the other hand, to help contract economic output, based on the diagnosis made by fiscal authorities.
A total of... Industrial Relations and Personnel Management, More Accounting Project Topics & Materials, TAXATION AS AN INSTRUMENT
After viewing this lesson, you should be able to: To unlock this lesson you must be a Study.com Member. One of the essential arms of economic policies, the fiscal policy, is related to government tax and expenditure.
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We've talked about government spending, then we talked about taxes - now let's talk about transfer payments. The scope of this research work is expected to cover the periods starting from the year 1991 to 2000 Nigeria fiscal years.
b. These are the three tools inside the fiscal policy toolkit.
in the setting of the level of composition of taxes so that aggregate demand does not exceed productive capability of the economy.
Example: Tax rates can be raised or lowered. The result show that the government expenditure exerts a negative influence on the economy while government revenue affects the economy positively.... CHAPTER ONE 1.0 INTRODUCTION This investigates the three elements of fiscal policy (1) government spending, taxation and the other source of revenue which finance public spending and the resulting budget deficit or surplus which occurs wherever government expenditure does not exactly equal... Fiscal-monetary Policy Mix And Output Response In Nigeria (1960-2012) INTRODUCTION The use of economic policy as tool for economic stabilization by governments of different economies of the world cannot be overemphasized. The government uses its fiscal policy toolkit, like a doctor, to administer policies - like increased government spending, lower taxes or higher unemployment benefits - to help strengthen aggregate demand when it's weak.
the budget and inflation) while others may have specific... Abstract This study is on the impact of fiscal and monetary policy in controlling unemployment in Nigeria. Copyright 2020 UniBrary.Com | All Rights Reserved. According to Olanifan I.F. In another way around form, Baumel, W.J. Hypothesis 3 Hypothesis 4
You may also claim ownership, become our vendor/seller of this work and start earning 70% of all sales. Chi – square was used in analyzing the data collected. OF FISCAL POLICY, TAXATION AS AN INSTRUMENT OF FISCAL POLICY IN NIGERIA, THE IMPACT OF TAXATION AS A TOOL OF FISCAL POLICY IN NIGERIA, THE EFFECT OF TAXATION ON FISCAL POLICY DEVELOPMENT IN NIGERIA, TAXATION AS AN INSTRUMENT OF ECONOMIC DEVELOPMENT IN NIGERIA, EFFECT OF TAXATION AS AN INSTRUMENT TO ECONOMICS DEVELOPMENT, FISCAL POLICY AND AGRICULTURAL DEVELOPMENT IN NIGERIA, THE IMPACT OF FISCAL POLICY ON THE NIGERIA ECONOMY, FISCAL-MONETARY POLICY MIX AND OUTPUT RESPONSE IN NIGERIA, THE IMPACT OF FISCAL AND MONETARY POLICY IN CONTROLLING UNEMPLOYMENT IN NIGERIA. ii. 2. Chapter four, data collection, presentation and analysis finally chapter five explores the findings, recommendations, conclusion and suggestion for further studies.
PROPOSAL This research is proposed to investigate taxation as a […] The case study of this very project was Enugu State Board of Internal Revenue. Finally, the research work aims to suggest and recommending possible ways of improving the efficiency of the tax system and its indented prospects for its reformation.
Click on the above "Subscribe & Download Full Work" button to place order and download complete "Taxation As An Instrument Of Fiscal Policy In Nigeria" Project Material. Taxation As An Instrument Of Fiscal Policy In Nigeria, Be the first to review “Taxation As An Instrument Of Fiscal Policy In Nigeria”. So, when the government uses fiscal policy to stimulate aggregate demand during a recession, economists call this expansionary fiscal policy.
Assuming government wants more revenue by way of increasing import duties while at the same time, this increase in import duties that has other objectives like protection of infant industries and conserving foreign exchange.
2.3 Principles / Characteristics Of A Good Tax System It could also be seen in its potential effects upon the rate of growth such as the level of governmental expenditure: on the branch of stability; on resources allocation; also on distribution of income and wealth. Permitting the financing of government activities or government financed privated investment without the undesirable effects of other methods of financing. Altering the determinants of economic development e.g. The economy of any county regardless of its structure is normally regulated by certain policies developed by the government of such a country.
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