Harmonising Nigeria’s Fragmented Tax System
Leadership Newspaper’s MARK ITSIBOR writes on the need for Nigeria to improve its revenue by harmonising the current tax systems Nigeria has three tax revenue objectives: to develop our economy that does not lean too heavily on resource wealth; institutionalise a healthy tax culture among Nigerians; and create a participatory system of taxation whereby the taxpayers and other stakeholders understand and accept that they have equal stakes in the tax system. But that set of objectives are now being defeated by the current multiple taxation system in the country. Evidence has shown that beyond negatively affecting the operations of companies,…
