TAXATION OF DIGITAL ACTIVITIES: AN EVALUATION OF THE NIGERIAN APPROACH IN A GLOBAL CONTEXT
It is no longer a major news item that economic transactions are being conducted effortlessly online across the globe without any serious hindrance that was hitherto occasioned by geographical location across the globe. This development cuts across almost sector of the world economy: aviation, energ...
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| Format: | Article |
| Language: | English |
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Technopress
2022-05-01
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| Series: | Journal of Public Administration, Finance and Law |
| Subjects: | |
| Online Access: | https://www.jopafl.com/uploads/issue23/TAXATION_OF_DIGITAL_ACTIVITIES_AN_EVALUATION_OF_THE_NIGERIAN_APPROACH_IN_GLOBAL_CONTEXT.pdf |
| _version_ | 1811215961092521984 |
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| author | Oluwafunmilayo Mary BANKOLE David O ADETORO |
| author_facet | Oluwafunmilayo Mary BANKOLE David O ADETORO |
| author_sort | Oluwafunmilayo Mary BANKOLE |
| collection | DOAJ |
| description | It is no longer a major news item that economic transactions are being conducted effortlessly online across the globe without any serious hindrance that was hitherto occasioned by geographical location across the globe. This development cuts across almost sector of the world economy: aviation, energy, shipping, commercial retailing, commodities, fashion etc. One of the notable consequence of this development is that both transacting parties and their host governments stand to make more income as a result of the likely increase in volume of expected transactions on the part of the transacting parties and the possibility of more revenue from taxation accruable to the government. Thus this surge in online business has led to a significant development digital economy in many countries. An effective digital economy presents many benefits for developing countries, especially Nigeria with a large population. This article examines the potentials of the Nigerian digital economy vis-à-vis its potential to contribute to generation of income via taxation. It then concludes that Nigeria stands to gain a lot from its growing digital economy but it requires establishment and maintenance appropriate structure and policy in order to maximize the potential benefits derivable from its digital economy. |
| first_indexed | 2024-04-12T06:31:06Z |
| format | Article |
| id | doaj.art-1e714e4a98b74dbebf1a067b365e5a46 |
| institution | Directory Open Access Journal |
| issn | 2285-2204 2285-3499 |
| language | English |
| last_indexed | 2024-04-12T06:31:06Z |
| publishDate | 2022-05-01 |
| publisher | Technopress |
| record_format | Article |
| series | Journal of Public Administration, Finance and Law |
| spelling | doaj.art-1e714e4a98b74dbebf1a067b365e5a462022-12-22T03:44:00ZengTechnopressJournal of Public Administration, Finance and Law2285-22042285-34992022-05-011023131137https://doi.org/10.47743/jopafl-2022-23-09TAXATION OF DIGITAL ACTIVITIES: AN EVALUATION OF THE NIGERIAN APPROACH IN A GLOBAL CONTEXTOluwafunmilayo Mary BANKOLE0David O ADETORO1Faculty of Law, American University of Nigeria, Yola, NigeriaFaculty of Law, American University of Nigeria, Yola, NigeriaIt is no longer a major news item that economic transactions are being conducted effortlessly online across the globe without any serious hindrance that was hitherto occasioned by geographical location across the globe. This development cuts across almost sector of the world economy: aviation, energy, shipping, commercial retailing, commodities, fashion etc. One of the notable consequence of this development is that both transacting parties and their host governments stand to make more income as a result of the likely increase in volume of expected transactions on the part of the transacting parties and the possibility of more revenue from taxation accruable to the government. Thus this surge in online business has led to a significant development digital economy in many countries. An effective digital economy presents many benefits for developing countries, especially Nigeria with a large population. This article examines the potentials of the Nigerian digital economy vis-à-vis its potential to contribute to generation of income via taxation. It then concludes that Nigeria stands to gain a lot from its growing digital economy but it requires establishment and maintenance appropriate structure and policy in order to maximize the potential benefits derivable from its digital economy.https://www.jopafl.com/uploads/issue23/TAXATION_OF_DIGITAL_ACTIVITIES_AN_EVALUATION_OF_THE_NIGERIAN_APPROACH_IN_GLOBAL_CONTEXT.pdfdigital activities;taxation; |
| spellingShingle | Oluwafunmilayo Mary BANKOLE David O ADETORO TAXATION OF DIGITAL ACTIVITIES: AN EVALUATION OF THE NIGERIAN APPROACH IN A GLOBAL CONTEXT Journal of Public Administration, Finance and Law digital activities; taxation; |
| title | TAXATION OF DIGITAL ACTIVITIES: AN EVALUATION OF THE NIGERIAN APPROACH IN A GLOBAL CONTEXT |
| title_full | TAXATION OF DIGITAL ACTIVITIES: AN EVALUATION OF THE NIGERIAN APPROACH IN A GLOBAL CONTEXT |
| title_fullStr | TAXATION OF DIGITAL ACTIVITIES: AN EVALUATION OF THE NIGERIAN APPROACH IN A GLOBAL CONTEXT |
| title_full_unstemmed | TAXATION OF DIGITAL ACTIVITIES: AN EVALUATION OF THE NIGERIAN APPROACH IN A GLOBAL CONTEXT |
| title_short | TAXATION OF DIGITAL ACTIVITIES: AN EVALUATION OF THE NIGERIAN APPROACH IN A GLOBAL CONTEXT |
| title_sort | taxation of digital activities an evaluation of the nigerian approach in a global context |
| topic | digital activities; taxation; |
| url | https://www.jopafl.com/uploads/issue23/TAXATION_OF_DIGITAL_ACTIVITIES_AN_EVALUATION_OF_THE_NIGERIAN_APPROACH_IN_GLOBAL_CONTEXT.pdf |
| work_keys_str_mv | AT oluwafunmilayomarybankole taxationofdigitalactivitiesanevaluationofthenigerianapproachinaglobalcontext AT davidoadetoro taxationofdigitalactivitiesanevaluationofthenigerianapproachinaglobalcontext |