Noble International Journal of Economics and Financial Research


Online ISSN: 2519-9730 | Print ISSN: 2523-0565

Archives

    Volume 3 Number 12 December 2018

The Assessment of the Impact of Taxation on Local Governments Revenue in Oyo State

Pages: 133-141
Authors: Adegbite Tajudeen Adejare, Shittu Saheed Akande
Abstract
This study examines the impact of taxation on revenue generated in local government of Oyo State, Nigeria. It also investigates the Problems of tax collection in local Governments in Oyo state. The study employed stratified sampling technique and simple random sampling technique to divide Oyo state into three senatorial districts. Secondary data was used for the study which was obtained from approved budgets and other financial statements of selected local governments from 2006 to 2015. Panel Data analysis technique was used to measure the effect of independent variables on dependent variable.  Results show that Kiosk rate and slaughter slab fees have negative insignificant effect on local government revenue (t value -1.73; - 1.10 and P>|t = 0.086; 0.274 > 0.05 respectively). Burial permit has positive insignificant effect on local government revenue (t value 1.57, and P>|t = 0.118 > 0.05).  Market tax, Marriage, Birth and Death fees, Motor Park Levies and Registration of street fee have positive and significant effect on selected local government revenue (t value 2.43, 8.45; 4.21; 2.91 and P>|t = 0.016; 0.000; 0.000; 0.004 < 0.05 respectively). In conclusion, taxation has positive and significant impact on local government revenue in Oyo state.  It was deduced that if the collections of different taxes are properly coordinated and monitored, enormous revenue will be realized from these avenues. It is therefore recommended that local government should be well coordinated and synchronized in collection of taxes in order to eradicate all discrepancies that create contention and disputation for tax payers.

Aim & Scope Instructions for Authors Editorial Board Indexed/abstracted in Submit Manuscripts Archive

Call for Papers

...

Read More

Publication Ethics

NAP has certain standard of publication ethics to ensure the quality of publications and originality of contributions. We only consider those contributions that are unpublished, original and not copied right by other person. The editors, pe...

Read More

Article Processing Charge

Article Processing Charges [APC]As with any other Open Access publishing company, with NAP there is no paper, no mailing, no subscriptions, and no restriction against using and sharing our journals. But we do have to pay for maintaining published man...

Read More