Corporate tax as a utility for economic growth: challenges of compliance and enforcement in Nigeria
Onyejekwe, C. 2018. Corporate tax as a utility for economic growth: challenges of compliance and enforcement in Nigeria. International Company and Commercial Law Review. 29 (7), pp. 449-463.
The economies of oil-producing countries such as Nigeria have often been affected by changes in oil prices, which directly impact on the country’s economy. Consequently, alternative sources of revenue need to be identified. This article provides an analysis of the enforcement legislation and policies within the existing Nigerian corporate tax regime. Findings indicate that the existing Nigerian corporation tax regime needs reform as there are developmental challenges that include, but are not limited to, a lack of adequate tax implementation and enforcement. Further, complex and ambiguous legislation mostly due to transplanting laws continue to thwart its success. This article concludes by recommending reforms to the Nigerian tax regime by using corporate tax as a revenue source for economic growth.
|Keywords||Company law; corporation tax; economic growth; enforcement; multinational companies; Nigeria; transfer pricing|
|Journal||International Company and Commercial Law Review|
|Journal citation||29 (7), pp. 449-463|
|Publisher||Sweet & Maxwell|
|Publication process dates|
|Deposited||04 Oct 2019|
|Accepted||22 Apr 2018|
|Accepted author manuscript|
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