Management Manipulation of Financial Statement as a Means of Tax Evasion : A Study of Private Companies in Nigeria
- 주제(키워드) Private Companies , Financial Statement , Management , Auditors , Tax Officers , Tax Evasion /Avoidance
- 발행기관 아주대학교
- 지도교수 Young Joon Park
- 발행년도 2020
- 학위수여년월 2020. 8
- 학위명 석사
- 학과 국제대학원 국제경영학과
- 실제URI http://www.dcollection.net/handler/ajou/000000030341
- 본문언어 영어
- 저작권 아주대학교 논문은 저작권에 의해 보호받습니다.
초록/요약
The issue of tax evasion /avoidance has been drawing the attention of government policymakers and researchers. Several studies have been conducted on the severity of tax evasion, causes of corporate tax avoidance on government revenue. This paper is taking a single direction, focusing on the management of private companies manipulating their financial statement as a means to evade/avoid tax putting in mind the process and parties in tax payment(companies, independent auditors, and tax officers). A research questionnaire survey was used to gather data from the staff of private companies, auditing firms, and revenue services. Descriptive analysis was used in concluding the findings revealed that yes, management of private companies manipulate the financial statement, but do not act alone. Their auditors are also inclusive in the manipulations and our finding showed that the tax officers could be aware but cannot do anything to stop it. It was also revealed that the business complained of the tax law as being too harsh on some of the business. The study recommended among other things, a cashless economy and a mandatory electronic receipt using a system to avoid some companies' non-full disclosure of required information to auditors.
more목차
1. INTRODUCTION 1
1.1 OBJECTIVES OF THE STUDY 2
1.2. PROBLEM STATEMENT 3
1.3. RESEARCH QUESTION 4
1.4 LIMITATIONS OF THE STUDY 4
1.5. ORGANIZATION OF RESEARCH 5
2. LITERATURE REVIEW 6
2.1. INTRODUCTION 6
2.2. Government Income Tax Law and Taxes Affecting private companies 8
2.3. Structure of Financial Statements, Method of Reporting, and Taxation 9
2.4. CURRENT TAX PAYMENT IN NIGERIA 12
2.4.1. TABLE 3: ANNUAL SUMMARY OF COLLECTION FROM THE YEAR 2005 TO 2018 13
2.4.2. TABLE 4. REVENUE COLLECTION STATISTICS FOR 2019 FISCAL YEAR FOR COMPANY INCOME TAX 14
2.5. POSSIBLE REASON FOR TAX EVASION/AVOIDANCE 16
3. RESEARCH DESIGN AND METHODOLOGY 18
3.1 INTRODUCTION 18
3.2 RESEARCH DESIGN 18
3.3 RESEARCH METHODOLOGY 19
3.4 THE STUDY AREA 19
3.5 SAMPLE OF STUDIES 19
3.6 SAMPLE SIZE 20
3.7 SOURCES OF DATA 20
3.7.1 PRIMARY SOURCES OF DATA 20
3.7.2 SECONDARY SOURCES OF DATA 20
3.8 QUESTIONNAIRE DESIGN 21
4. DATA COLLECTION AND ANALYSIS 22
4.1. INTRODUCTION 22
4.2. DESCRIBING THE RESEARCH QUESTIONS 22
5. FINDINGS &CONCLUSION 30
5.1 FINDINGS &CONCLUSION 30
5.2. RECOMMENDATIONS 31
5.2.1. FOR BUSINESSES 31
5.2.2. FOR AUDITORS 31
5.2.3. FOR TAX OFFICERS 32
REFERENCES 33
APPENDIX 37
