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Nigerian Tax Laws: Definition and Imposition

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Nigerian Tax Laws: Definition and Imposition

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Questions and Answers

What is the definition of tax according to the Oxford advanced learner’s dictionary?

Money that you have to pay to the government for public services (correct)

Money that you have to pay to the government for personal use

Money that you have to pay to the government for international services

Money that you have to pay to the government for private services

How does Thomas Cooley define taxes?

Enforced proportional contributions from persons and property, levied by individuals, for public needs

Enforced proportional contributions from persons and property, levied by the state, for public needs (correct)

Voluntary contributions from persons and property, levied by the state, for public needs

Voluntary contributions from persons and property, levied by individuals, for public needs

What are taxes in simple terms?

Compulsory contribution levied by individuals on incomes, profits, goods, services or properties

Voluntary contribution levied by a sovereign power on incomes, profits, goods, services or properties

Compulsory contribution levied by a sovereign power on incomes, profits, goods, services or properties (correct)

Voluntary contribution levied by individuals on incomes, profits, goods, services or properties

What is the primary purpose of taxes according to the text?

Supporting the government and carrying out governmental functions Signup and view all the answers

According to Black law dictionary, what is tax?

Monetary charge imposed by the government on persons, entities or property, levied to yield public revenue Signup and view all the answers

How does the Oxford advanced learner’s dictionary define tax?

Money that you have to pay to the government for public services Signup and view all the answers

What is the primary purpose of taxes according to the text?

Supporting government functions and public needs Signup and view all the answers

In simple terms, how is tax defined in the text?

A compulsory contribution levied by a sovereign power on individuals and corporate entities Signup and view all the answers

What are taxes primarily used for according to the text?

Carrying out governmental functions and providing public services Signup and view all the answers

What is the pecuniary burden laid upon individuals or property as described in the text?

Supporting the government through compulsory contributions Signup and view all the answers

Study Notes

Definitions of Tax

According to the Oxford Advanced Learner's Dictionary, the definition of tax is not provided in the text, but it will be defined later as "a compulsory contribution to the revenue of a government, levied by the government on workers' income and business profits, or added to the cost of some goods and services".
Thomas Cooley defines taxes as compulsory contributions exacted by governing body.
In simple terms, taxes are fees levied by the government on its citizens to generate revenue for public expenditure.

Purpose of Taxes

The primary purpose of taxes, according to the text, is to generate revenue for the government to finance public expenditures.

Black Law Dictionary Definition

According to Black Law Dictionary, tax refers to a pecuniary burden laid upon individuals or property owners.

Taxes and Government Revenue

Taxes are primarily used for generating revenue for the government to finance public expenditures.

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Description

Test your knowledge of Nigerian tax laws and their legislative powers to impose taxes on citizens. Explore the definition of 'tax' and its implications as per the Nigerian context.