This paper assessed the effect of Tax policies on Economic stabilization in Nigeria. Data was sourced from the Statistical Bulletin of Central Bank of Nigeria, Federal Inland Revenue Services and National Bureau of Statistics. Time series Date from 1985-2014. The variables were tested for Unit root and Co-integration and were found to have long run relationship. The result further indicated that tax polices has no significant impact on economic stabilization in Nigeria. The study among others recommend that Government of Nigeria should have fiscal neutrality in the heart when making polices, it was also recommended that Nigeria should try to reform their tax system to militate the destitutions cause by tax policy.
The pressure for development, public finance and revenue concomitantly attract challenges impacting and impairing on businesses especially in building and construction sector of the economy. Mitigating these responsibilities by various levels of government is the concern for efficient and inclusive fiscal policies for streams of auspicious and sustainable revenue windows particularly taxation. This study therefore examined implication of tax and taxation on the construction sector in Nigeria with a view for industry operator’s decision making. Using extensive review of related literature as well as eliciting primary data through structured questionnaires administered on purposive but randomly selected 100 respondents, elicited data were analysed using descriptive and inferential tools. The result indicated that Value Added Tax and With Holding Tax are most identified , 85% of respondents are aware of the identified taxes while Multiplicity of taxes, corruption risk and lack of confidence in the tax and poor enforcement of tax laws and policies were ranked major inhibiting factors to tax payment. Yet, tax administration was found to have no insignificant effect on tax payment in Nigeria tax system. The study conclusion avail for long-run taxation behaviour on the building and construction sector of the economy and on investment decision, it recommended that appropriate guidance and understanding of tax system and policies required by operators/investors and tax authorities in order to attract tax compliance in the economy.