The effect of fiscal corruption on economic development and sustainability in developing economies: the case of Nigeria

Abstract

respectively. He has published a number of articles and monographs. His research interests include financial crime, tax evasion and tax avoidance, role of professionals in antisocial practices and corporate social responsibility. He is an associate member of the Institute of Chartered Accountants of Nigeria and Chartered Institute of Taxation of Nigeria. He has received several research grants and awards.

Influence of tax dodging on tax justice in developing countries: some theory and evidence from Sub-Saharan Africa

“…It also plays a key role in building up institutions, markets and democracy through the state accountable to its taxpayers. However, the need for developing economics to establish sustainable revenue systems driven largely by their own domestic bases has become urgent, especially in the face of dwindling resources from natural resources and other nations (Otusanya et al, 2013). Cobham (2005) stressed that:…”

“…In both developed and developing countries, the tax revenues needed to cover the ongoing costs of decent public services are being undermined by the ability of some of the wealthiest taxpayersincluding many transnational companiesto effectively opt out of the corporate tax system through a combination of ingenious (and lawful) tax haven transactions, and huge tax concessions awarded by governments themselves (Cobham, 2005;Otusanya, 2011;Otusanya et al, 2013;Moore, Prichard and Fjeldstad, 2018). Tax dodging is used to describe all of the ways that companies and rich individuals reduce their tax bills, whether through lobbying governments for tax breaks and lower corporate tax rates, exploiting obscure loopholes in tax laws or shifting profits into tax havens (Christian Aid, 2012).…”