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Business Tax In Nigeria: The Controversy Of Multiple Taxation, Humphrey Onyeukwu
Business Tax In Nigeria: The Controversy Of Multiple Taxation, Humphrey Onyeukwu
Humphrey Onyeukwu
Doing business in Nigeria is ranked 125th in the world out of 183 economics by the latest ranking of the World Bank. A major parameter for this assessment is using the incidences of regulatory controls and taxation of business activity to determine the ease of doing business in Nigeria. The controversy of multiple taxations has become one of the constraints of businesses in Nigeria due to overlaps of the various tiers of government taxing rights on business entities.
Nigeria practices fiscal federalism in which the fiscal responsibility of government is based on a three-tiered tax structure divided between the federal, …