By Eze Judith Chinwendu
This research work is been designed to untold the effect of Taxation
on the Economy of Nigeria. The aim and objective is to find out if
taxation constitutes significant impart as an instrument for control
of money in circulation such as the effect on the rapid rise in price
on Revenue, Expenditure and credit; the extent to which the tax
system may be effective in preventing or combating an inflation;
And how taxation can be used to breach the vicious circles of
poverty, to find out if taxation can be used to industrialize a
developing economy like Nigeria. The research instrument used for
data collection was questionnaire which contained 15 items. The
data collected were analyzed through the use of percentage. From
the findings, it was discovered that taxation can help in regulating
the level of money in circulation and can be used to combated
inflation and also breach the wide gap between the rich and the
poor. Based on the finding, recommendations were made which the
researcher hope would help to understand that taxation can be
used as an instrument of control of money in circulation.