According to the Legal Information Institute, tax is any charge of money or property that is imposed by a government upon individuals or entities that are within the government’s authority to collect. This charge or levy is typically imposed on taxpayers in order to fund government spending and various public expenditures. A failure to pay, along with evasion of, or resistance to, taxation is punishable by law.
In Nigeria, the government collects tax to fund infrastructure and for social development of its citizens.
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