An Evaluation Of The Problem And Prospect Of Tax Collection In Internal Revenue Service In Bauchi State

An Evaluation Of The Problem And Prospect Of Tax Collection In Internal Revenue Service In Bauchi State 

INTRODUCTION
Tax is invariably an enforced contribution of money ,exacted pursuant to legislative authority if there is no valid statute by which it is imposed, a charge is not a tax.The classical purpose of taxation is the raising of funds to meet government expenditure.redistribution of wealth and the management of the economy.The tax system can also be used to direct the course of the economy.It is often to encourage economic  activities .Tax affects the amount available for spending  by the private sector of the economy.correspondingly, an increase  in tax rate and gathering efficiency will affect the amount available for government spending.Not only that such increase or decrease no matter how minimal may have inflationary or deflationary effect on the economy.secondly and particularly in the case of taxes on income, there is tendency of their imposition to encourage or discourage particular activities.

1.1    BACKGROUND OF THE STUDY

The significance of tax to the government and the state can not be over emphasized.However achieving  a high level of revenue through tax is not always an easy fit to attain.Problems encountered includes inadequate staff, bribery and corruption, mismanagement of tax collected, poor accounting record, etc.But  according to Adam Smith (1968), there are prospect the lies with the collection of tax.The research intends to investigate  the problem and prospect of tax collection in internal revenue service in bauchi state.

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