Taxation as a Source to Government Funding

Taxation as a Source to Government Funding

Taxation as an aspect of Government Fiscal Policy – According to Nwoke (1993:1) taxation can be defined as the imposition of an obligatory levy or contribution of an individual or corporate donate by recipient, public authority. Two important attributes of taxation are that the levying authority posses the legal capacity to do so since taxation is a legal policy and it evolves an element of compulsion as opposed to voluntaries. [Read more…]