The Concept of Tax and Taxation in Law

Abstract

The levying and payment of tax is so important to mankind that it affects virtually all the strata of man’s life. It affects human’s life socially by way of various reliefs and population moves from a high tax rate o a tax friendly state; economically as it assists businessmen in their investment and savings and ultimately being a major source of revenue for the government.

Keywords: Tax, Taxation, Law.

JEL Classification: K 34