An Examination of Tax Leakages in Government Tax Rrevenues: The Case of Nigeria.
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Date
2013
Authors
Otusanya, O.J
Arowomole, S.S.A
Adeyeye, G.B
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Abstract
Tax evasion, tax avoidance and fiscal corruption are actions, decisions and policies of
individuals and corporate bodies which inhibit economic development in developing
countries. As a consequence, the revenue intended for development is unpaid, evaded or
avoided, or even diverted, into private hands by various actors in the tax administration
system in Nigeria. This paper therefore uses structuration theory and theories from political
economics in order to explore and understand the dynamics of individual behaviour in this
context. The evidence shows that the culpability of corporations, professionals (namely
accountants, tax experts and bankers) and of government agencies in respect of these antisocial behaviours has been responsible for reducing government revenues and consequently
the government’s ability to provide the infrastructures needed for Nigeria’s social and
economic development. The paper therefore argues for radical reform in order to minimise
the attendant problems created by the anti-social behaviours of the actors and enabling
structures involved.
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Keywords
Fiscal Corruption , Multinational companies , Development, , Tax avoidance
Citation
Otusanya, O.J; Arowomole, S.S.A; Adeyeye, G.B (2013), An Examination of Tax Leakages in Government Tax Rrevenues: The Case of Nigeria. International Journal of Economics and Accounting, vol. 4 (1).