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Impact of indirect taxes on economic growth and development

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Abstract

Impact of indirect taxes on economic growth and development”. Which has been a major concern to both tax payers and collectors, however, inspires research studies. Based on this premise, questionnaires were developed and administered to treasurers, accountant, bankers as well as the joint tax board, in addition to interviews being conducted. Not only these, analyses of data employed were basically simple percentage methods. And the result revealed that although indirect taxes served as instruments of developing the economy rather, lots of pitfalls are likely to occur both in the manufacturing and consumption process. Against these backdrop, tax officials should be properly trained in matters relating to taxation. 

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