AN EVALUATION OF TAXATION AS A SOURCE OF GOVERNMENT REVENUE
Abstract
*Abstract*
Taxation is a crucial source of government revenue, playing a vital role in financing public goods and services. This evaluation examines the effectiveness of taxation as a source of government revenue, highlighting its benefits and challenges. The study reveals that taxation is a reliable and sustainable source of revenue, promoting economic growth, social welfare, and government accountability. However, it also identifies challenges such as tax evasion, inefficient tax administration, and limited tax base. The evaluation concludes that taxation remains a vital component of government revenue, requiring strengthening of tax policies, administration, and enforcement to optimize revenue mobilization.
*Summary of Key Points*
| Benefits | Challenges |
| Reliable source of revenue | Tax evasion and avoidance |
| Promotes economic growth | Inefficient tax administration |
| Social welfare enhancement | Limited tax base |
| Government accountability | Complexity and instability |
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