Real Estate Tax Avoidance and Tax Evasion; Consequences to National Development, Case of Lagos State, Nigeria

Sinmisola Oyenuga

AfRES from African Real Estate Society (AfRES)

Abstract: This paper offers an overview on property tax avoidance and tax evasion and the economy by outlining the factors affecting non-compliance, its consequences on national development and possible remedies. Tax avoidance and tax evasion are issues to be sorted out continuously as they affect both the volume of Government finances which is key to sustainable development. Qualitative and quantitative methods of data collection were adopted. The qualitative approach used was to gain an insight into the tax payer’s attitude to paying tax, behaviours and their expectations from the Government. The quantitative aspect is to have an idea of the statistical and numeric data of the volume of tax collected and losses recorded and other issues involved in tax administration. The survey revealed users’ perceptions and expectations from the Government factors affecting non-compliance, consequences of not paying taxes. This paper will enlighten the populace on the consequences of evading and avoiding taxes and will also expensive on the benefits of paying taxes from the experience of developed countries tax policies. This paper recommends that Government should divert tax funds towards infrastructure provision in order to encourage taxpayers and appropriate professionals should be employed in tax administration.

Keywords: Economy; real estate; Tax Avoidance; Tax Evasion (search for similar items in EconPapers)
JEL-codes: R3 (search for similar items in EconPapers)
Date: 2012-10-01
References: Add references at CitEc
Citations:

Downloads: (external link)
https://afres.architexturez.net/doc/oai-afres-id-afres2012-133 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:afr:wpaper:afres2012_133

Access Statistics for this paper

More papers in AfRES from African Real Estate Society (AfRES) Contact information at EDIRC.
Bibliographic data for series maintained by Architexturez Imprints ().