Impact of Heavy Taxation on Israel During Solomonic Era: Implications for Nigerian Tax System

Journal Title: Asian Economic and Financial Review - Year 2012, Vol 2, Issue 2

Abstract

Over time, the tax systems have been a major source of revenue generation for several governments. Its history dates back to Bible times. Tax therefore becomes the civic responsibility of individuals and corporate organizations with the understanding that its proceeds will enhance governmental projects for the benefit of the society. However, history has shown that the implementation of tax policies by different governments have at different times resulted in double or multiple taxation of the citizens. Hidden under the garb of „development‟ and „improvement‟ of the wellbeing of the society, these administrators exploit the people and at the end poverty is further entrenched. The paper attempted a critical look at tax policies and its administration in ancient Israel during the Solomonic Era – a time when the Bible said Israel „prospered‟, and its impact on the populace. The implications of such impact on the Nigerian tax systems were drawn in an attempt to avert extreme effects like dissension. We discovered that the Solomonic Era was characterized by heavy taxation. Beyond the multiplicity of direct tax, thousands of Israelites were drawn into unpaid labor force. The study noted the replication of Solomonic tax system in Nigeria and recommended an urgent reform in the Nigeria‟s tax administration as well as value re-orientation aimed at curtailing corrupt bureaucracy.

Authors and Affiliations

Theodore U. Dickson| Department of Religious Studies Babcock University Ilishan-Remo, Ogun State, Nigeria, Appolos N. Nwaobia| Department of Accounting Babcock University Ilishan-Remo, Ogun State, Nigeria

Keywords

Related Articles

THE IMPACT OF INTELLECTUAL CAPITAL ON RETURN OF FIXED ASSETS AND FIRMS’ TOTAL ASSETS RETURN WHICH LISTED ON THE TEHRAN STOCK EXCHANGE

Nowadays, there are a lot of differences in value of commercial corporations. Existing capitals other than physical capitals in balance sheet is the most important reason that researchers of capital market have focused o...

EXISTENCE AND NATURE OF AUDIT EXPECTATION GAP: NIGERIAN PERSPECTIVE

The audit expectation gap is critical to the auditing profession because the greater the unfulfilled expectation from the public, the lower the credibility earning potential and prestige associated with the work of audit...

COMPUTER SIMULATION AND PLANNING OF THE COMPANY PROFITABILITY

To achieve high job performance, the managers need to have information about the key activities of all sectors. If the flow of information is greater, the greater will be the knowledge and expertise in the company that a...

THE IMPACT OF BANK RESPONSES TO RECOVERY SERVICE SATISFACTION

In the context of harsh competition in the retail banking sector in Vietnam, how to retain existing customers through effective responses to service failure has become a critical focus point of bank executives. Satisfact...

IMPACT OF THE QUALITY OF BANKING SERVICES FOR PLASTIC, ELECTRONIC MAGNETIC CARDS ON CUSTOMER'S SATISFACTION AND HIS FUTURE–PURCHASING BEHAVIOR: A PRACTICAL STUDY ON A NUMBER OF COMMERCIAL BANK CUSTOMERS IN AMMAN

This study aimed at identifying the scope of the influence of the quality of banking services for the plastic, electronic, magnetic cards on customer?s satisfaction and his future-purchasing behaviour. To achieve the obj...

Download PDF file
  • EP ID EP1777
  • DOI -
  • Views 576
  • Downloads 62

How To Cite

Theodore U. Dickson, Appolos N. Nwaobia (2012). Impact of Heavy Taxation on Israel During Solomonic Era: Implications for Nigerian Tax System. Asian Economic and Financial Review, 2(2), 337-346. https://europub.co.uk/articles/-A-1777