ECO 0541 TAXATION AND FISCAL POLICY

1. Rationale for the existence of the public sector

2. Taxation

• The theory of taxation

• Taxation and tax incidence

• Welfare costs of taxation

• Negative income tax

3. The Nigerian tax system

• Personal income tax

• Import duties

• Excise and sales taxes

4. Fiscal policy

• Elements of fiscal policy: taxation, expenditure, debt management, and monetary control

5. Techniques of revenue estimating

6. Fiscal federalism

• Financing the Nigerian federalism

7. Principles, effects, and problems of debt financing and tax financing in Nigeria