NIGERIAN TAX SYSTEM AND PREFERENTIAL TAX POLICY FOR FOREIGN FUNDED ENTERPRISE

Abstract

It is an obvious fact that taxation has a major and very important role to play in any given economy. In the contemporary world, every government relies on taxation measures, either minimally or substantially, to provide the much needed revenue for its socio-economic development and also to reduce the inequalities in the wealth distribution of its society. Many times, tax is used to reduce criminal tendencies and to minimize moral decadence in the society. In the words of Justice Oliver Wendell Holmes, taxes are what we pay for a civilized society!