Corporate tax as a utility for economic growth: challenges of compliance and enforcement in Nigeria

Journal article


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.
AuthorsOnyejekwe, C.
Abstract

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.

KeywordsCompany law; corporation tax; economic growth; enforcement; multinational companies; Nigeria; transfer pricing
Year2018
JournalInternational Company and Commercial Law Review
Journal citation29 (7), pp. 449-463
PublisherSweet & Maxwell
ISSN0958-5214
Related URLhttps://www.sweetandmaxwell.co.uk/Catalogue/ProductDetails.aspx?productid=30791358&recordid=423
Publication dates
PrintJul 2018
Publication process dates
Deposited04 Oct 2019
Output statusPublished
Permalink -

https://repository.canterbury.ac.uk/item/89106/corporate-tax-as-a-utility-for-economic-growth-challenges-of-compliance-and-enforcement-in-nigeria

  • 16
    total views
  • 0
    total downloads
  • 0
    views this month
  • 0
    downloads this month

Export as

Related outputs

A response to PHE's reports on disparities in risks and outcomes of COVID-19 for BAME communities
Keys, C., Nanayakkara, G., Onyejekwe, C., Sah, R. and Wright, T. 2020. A response to PHE's reports on disparities in risks and outcomes of COVID-19 for BAME communities.
Human rights and taxation in Nigeria: a case for tax justice and accountability
Onyejekwe, C. 2020. Human rights and taxation in Nigeria: a case for tax justice and accountability. in: Business and Human Rights in Africa South Africa Pretoria University Law Press (PULP).
Development of African Union Law: tax harmonisation and regional integration towards achieving social structures in West Africa
Onyejekwe, C. 2020. Development of African Union Law: tax harmonisation and regional integration towards achieving social structures in West Africa. in: The Emergent African Union Law: Conceptualization, Delimitation, and Application Oxford University Press.
Rebalancing double tax treaties in favour of African states
Onyejekwe, C. 2018. Rebalancing double tax treaties in favour of African states. in: Mortimer, T. and Nyombi, C. (ed.) Rebalancing International Investment Agreements in Favour of Host States United Kingdom Wildy, Simmonds and Hill Publishing. pp. 177-192
Law’s ethics and sustainability: corporate tax and sustainable social structures
Okoye, A. and Onyejekwe, C. 2019. Law’s ethics and sustainability: corporate tax and sustainable social structures. in: Leal Filho, W. and Consorte-McCrea, A. (ed.) Sustainability and the Humanities Springer. pp. 525-538
Legal uncertainties and foreign direct investment: a case study of Nigeria
Onyejekwe, C. 2018. Legal uncertainties and foreign direct investment: a case study of Nigeria. International Company and Commercial Law Review. 29 (2), pp. 124-138.
International investment law and the right to regulate
Onyejekwe, C. 2018. International investment law and the right to regulate. The Law Teacher. 53 (1), pp. 125-`126. https://doi.org/10.1080/03069400.2018.1521065