Noble International Journal of Economics and Financial Research


Online ISSN: 2519-9730 | Print ISSN: 2523-0565

Archives

    Volume 5 Number 8 August 2020

E–COMMERCE AND TAX REVENUE

Pages: 80-91
Authors: Elias Igwebuike Agbo*, E. O Nwadialor
Abstract
Beyond the Global System for Mobile Communications , the advent of the Internet and its related infrastructures in the recent times have accounted  for  the significant shifts and restructuring in the manner that business is transacted across the universe . A sizeable percentage of commercial activities is already being carried out electronically. However, considered from a different perspective, the growth in internet has been presenting some disturbing   challenge to the tax authorities’ traditional approaches to both direct and indirect taxation globally. For instance, e-commerce business model has several tax implications such as disintermediation, increased magnitude of cross-border transactions and digitization of information - to mention a few. These characteristics of e-commerce make it difficult to identify the source and destination of transactions.  Consequently, they create opportunities for high-level tax avoidance schemes and the resultant tax losses. These intrinsic challenges of e-commerce taxation explain the much debate and discussions that have taken the center-stage among stakeholders on how to regulate the internet while preserving the interests of all. This debate on the full implications of e-commerce for tax revenues is yet to be settled this paper seeks to explore the development of internet taxation and the related issues globally with particlar emphasis on Nigeria. The study observes that issues such as tax loss and tax evasion are significant just as the challenges like uncertainty and double taxation make the parties of e-commerce reluctant and affect the development of e-commerce negatively. As is the case with many other developing nations, Nigeria is gradually embracing e-commerce.

Aim & Scope Instructions for Authors Editorial Board Indexed/abstracted in Submit Manuscripts Archive

Call for Papers

Call for Quality PapersAuthors are invited to submit their quality and original research manuscripts/articles for possible publication in the following journals. Following journals are published by Noble Academic Publisher (NAP). Noble Internati...

Read More

Publication Ethics

Publication Ethics and Malpractice StatementAcademic ethics are the necessary fundamental principle of research reputation. To promote academic integrity and publish high-qual...

Read More

Article Processing Charge

Article Processing Charges [APC]As with any other Open Access publishing company, with NAP there is no paper, no mailing, no subscriptions, and no restriction against using and sharing our journals. But we do have to pay for maintaining published man...

Read More