TITLE

Globalization and the Precarious State of Public Finance in Nigeria

AUTHOR(S)
Samuel, Fakile Adeniran; Festus, Adegbie Folajimi
PUB. DATE
August 2012
SOURCE
Journal of Emerging Trends in Economics & Management Sciences;Aug2012, Vol. 3 Issue 4, p361
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
As globalization eviscerates national borders, governments in both developed and developing countries are discovering that their tax base is eroding, especially their ability to tax the proceeds and profits from corporate investment and finance Domestic revenue mobilization is key to sustainable development finance -- only self-sufficiency will allow the development of fully-functioning states with flourishing systems of political representation and economies reflecting societies' expressed preferences in regard to, for example, inequality. The significant of this paper therefore is that it will enable the revenue authority take necessary steps to prevent tax avoidance and tax evasion so as to increase the level of domestic revenue for development. It concluded that claims of corporate social responsibility are undermined when low corporate tax payments are exposed and a process of tax competition at the global level undermines the social contract previously set within the national arena, as states compete to offer tax exemption to capital. The paper suggested that with effective tax administration, adequate taxation of transnational corporations, tax compliance as part of corporate accountability, international tax cooperation, fight against bribery and corruption, arm length international trade negotiations and reduction in military expenditure, the problems are more likely to be solved.
ACCESSION #
80534661

 

Related Articles

  • In Search of an Alternative. Veber, Aleksandr // Russian Politics & Law;Sep/Oct2003, Vol. 41 Issue 5, p42 

    Discusses the principle of sustainable development in relation to the concept of globalization. Positive effects of globalization on the Group of Seven developed countries; Importance of the principle of sustainable development to developing countries; Negative effect of neo-liberal...

  • When foreign investors pay for development. French, Hilary F. // World Watch;May/Jun97, Vol. 10 Issue 3, p8 

    Questions whether or not the increased flow of private capital into the developing countries of the world will allow for sustainable economic development. Factors amidst which globalization is occurring; Amount by which private capital investment has increased from 1990 to 1996; Nature of...

  • RECONCEPTUALIZING INTERNATIONAL INVESTMENT LAW: ITS ROLE IN SUSTAINABLE DEVELOPMENT. Mann, Howard // Lewis & Clark Law Review;2013, Vol. 17 Issue 2, p521 

    This Essay provides an overview of the evolution of international investment treaties since their origins in 1959. It focusses on the purposes, goals and rationales put forward for their development, and in particular their uptake by developing countries. In the face of growing criticisms and...

  • UZBEKISTAN: DEVELOPMENT GATEWAY PROJECT. Tarleton, Gail // Middle East Business Intelligence;10/5/2002, Vol. 20 Issue 18, p8 

    Reports that the Web site of the Uzbekistan Development Gateway Project has gone live. Use of the Internet to meet the goal of sustainable development in underdeveloped countries; List of Gateway services; Private sector participation in globalization.

  • APPENDIX 2.  // Intermedia (0309118X);Aug2003, Vol. 31 Issue 2/3, p27 

    The article presents information about World Summit on Sustainable development in Johannesburg, South Africa, from September 2, 2002 to September 4,2002. They recognize that poverty eradication, changing consumption and production patterns and protecting and managing the natural resource base...

  • GLOBALIZATION DRIVERS IN DEVELOPED AND LESS DEVELOPED COUNTRIES: IF CONSISTENT PATTERNS CAN BE TRACED. tvaronavičienė, Manuela; Grybaitė, Virginija; tunčikienė, Živilė // Journal of Security & Sustainability Issues;Jun2013, Vol. 2 Issue 4, p5 

    Globalization processes are widely discussed in scientific literature. In our research we adopt an approach, according which globalization; especially in form of inward foreign direct investment (FDI) is one of sources of innovative technologies and proxy of sustainable development of industries...

  • PART II. THE AGRICULTURE SECTOR AND THE ENVIRONMENT IN DEVELOPING COUNTRIES. Neely, Constance L. // OECD Environment Working Papers;2/10/2011, Issue 25-26, p17 

    The article focuses on the state of the agriculture industry in developing countries. A total of 2.5 billion people depend on this sector for their livelihood in most developing countries. In developing countries, most are self-employed farmers that makes the agriculture sector a mosaic of...

  • Where The Global Needs The Local: Variation in Enablers in the Knowledge Management Process. Okunoye, Adekunle; Karsten, Helena // Journal of Global Information Technology Management;2002, Vol. 5 Issue 3, p12 

    Knowledge management (KM) is a focus for knowledge-intensive businesses and organisations, irrespective of the size and geographical location. While it is important to make the local knowledge become global, the efforts to manage the knowledge processes and the specific impact of the enablers...

  • ENVIRONMENTAL MARKET FAILURE AND GLOBALIZATION IN DEVELOPING COUNTRIES. Pjero, Elenica; Jahollari, Pranvera; Agaraj, Xhilioja // Scientific Annals of the 'Alexandru Ioan Cuza' University of Ias;2011, p315 

    This paper presents an international view of sustainable development. The paper aims to provide an analysis on the link between openness to trade and economic growth and market failure like externalities. It focuses on the globalization process as the main factor for environmental problems....

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics