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

Adegbite Adejare and Shittu Saheed Akande
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Shittu Saheed Akande: Department of Management and Accounting, Ladoke Akintola University of Technology, Ogbomoso

Noble International Journal of Economics and Financial Research, 2018, vol. 3, issue 12, 133-141

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. Â 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). Â 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

Keywords: Taxation; Local Government; Revenues; Market Tax; Oyo State; Panel Data (search for similar items in EconPapers)
Date: 2018
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