CHAPTER ONE
INTRODUCTION
1.1 Background To The Study
Tax constitutes a system of raising money from corporate institutions and persons unbehalf of the government for developmental programmes. Tax is a compulsory contribution imposed by government on eligible tax payers in the country to aid in the financing of government expenditures in the provision of essential services such as education, health services, road constructions, security, social payments etc.
Taxes are imposed for reason of regulating the production of certain goods and services, protection of infant or certain key industries, curbing inflation and meeting operational costs of governance. Taxes are also imposed to mitigate the consumption of certain undesirable goods and services, correct the country’s balance of payment and attract investors. Regulate certain economic activities; bridge the inequality gap between the rich and the poor.
Consequently in order to achieve these tax objectives, the government implement different types of tax system such as “Pay As You Earn, (PAYE), Value added tax (VAT), Excise duties etc .The research seek to proffer an assessment of Nigeria tax system and it effect on educations system of public sector.