Agbo, Elias Igwebuike (2020) REVISITING THE DEVELOPMENT AND TRENDING ISSUES IN INTERNATIONAL TAXATION. European Journal of Accounting, Finance and Investment, 6 (6). pp. 119-135. ISSN (3466 – 7037
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Abstract
Taxation is generally considered as the most important source of revenue in nearly all countries in the world.However, one of the major challenges confronting tax jurisdictions all over the world is generating tax revenues that will be sufficient to take care of public sector expenditure needs under an equitable, growth - friendly, fair and economically efficient tax system. Currently, international taxation is witnessing a lot of development and a number of issues have arisen. Global taxes have also been proposed. This study intends to review the current development in international tax practices and the trending tax issues. It finds that the entire international tax system is far from being ideal. It observes that the existing tax system faces critical pressures in the year 2020 and beyond. This study suggests that, in the midst of a rapid societal evolution, taxation should adapt to the momentum of change. This change should be accompanied with the necessary legislative, regulatory and administrative changes. In addition, enterprises ought to be prepared to embrace the changes, assess the numerous tax implications and opportunities available to them and improve on their models of operation if they have to be able to realize growth, capture efficiencies and control risks.
| Item Type: | Article |
|---|---|
| Subjects: | H Social Sciences > HJ Public Finance |
| Divisions: | Faculty of Management and Social Sciences |
| Depositing User: | mrs chioma hannah |
| Date Deposited: | 04 Oct 2021 10:51 |
| Last Modified: | 04 Oct 2021 10:51 |
| URI: | http://eprints.gouni.edu.ng/id/eprint/3198 |
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