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http://localhost:8080/xmlui/handle/123456789/3049| Title: | EXPLORATORY STUDY OF TAX EVASION |
| Authors: | ASENSO, HENRY STEPHEN ADUBOFOUR, MILLICENT MENSAH, AFRIFA KOFI BOATENG, ERNEST KARIKARI OWUSU, DANIEL |
| Keywords: | taxes TAX EVASION |
| Issue Date: | 21-Nov-2012 |
| Abstract: | Tax is a compulsory payment which the state imposes on individuals, firms and organizations not as a penalty for any offense or immediate exchange of goods, but as income to enable her meet its expenditure. Tax evasion is a deliberate attempt to evade tax, it has a negative effect on economic development. Many developed and developing countries are losing revenue through tax evasion which could have been channeled into infrastructural development. The study was conducted using primary data. Self administered questionnaires and interviews were the tools used to collect data from the respondents from the staff of Ghana Revenue Authority -Domestic Tax Revenue Division (DTRD) and the working populace in the Kumasi Metropolis. In all 65 questionnaires was sent out and 55 was retrieved representing 85% of the respondents. This means the research is fairly represented. SPSS version 17 was used for the data analysis. The study revealed that all the respondents (100%) had knowledge on tax evasion and its effects on national development. They were also of the view that taxes are essential ingredients for national development. But 75% of the respondents said taxes collected are not effectively utilized. They were of the view that improvement on social amenities cannot be felt in each part of Ghana but rather restricted to some few areas which is the reason why some of them would not declare their income to be taxed. |
| Description: | Governments all over the world have used taxation as a major tool to raise revenues to fund its objectives. For instance, leaders in centuries past have raised revenues through the imposition of taxes to fund war expenditures. In modern times, revenues from taxes are used to provide social infrastructure! amenities such as roads, schools, hospital and public services for the benefit of the citizenry, attraction of foreign investment through tax holidays, discouragement of the use and production of certain harmful products such as cigarette, hard drugs, alcoholic beverages etc. to humans and the environment by imposing high rate of taxes. Taxation is a major source of revenue for developing countries worldwide. A tax may be defined as a “property to support the government, a payment exacted by legislative authority’. A tax “is not a voluntary payment or donation, but an enforced contribution, exacted pursuant to legislative authority” (Ambala, 2008). |
| URI: | http://localhost:8080/xmlui/handle/123456789/3049 |
| Appears in Collections: | Business Administration -ST |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| TAX EVASION.pdf | INTRODUCTION | 300.65 kB | Adobe PDF | View/Open |
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