Strategic Repositioning of Tax Administration in Nigeria Through Transfer Pricing

Onyeka-Iheme Chimeruo Victory; Akintoye Ishola Rufus

doi:doi:10.11648/j.jfa.20210905.12

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Strategic Repositioning of Tax Administration in Nigeria Through Transfer Pricing

Onyeka-Iheme Chimeruo Victory, Akintoye Ishola Rufus

Published in Journal of Finance and Accounting (Volume 9, Issue 5)

Received: 3 September 2021 Accepted: 23 September 2021 Published: 29 September 2021

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Abstract

The need to diversify revenue sources in Nigeria through taxation cannot be over-emphasized especially with the advent of Corona Virus (COVID-19) which seem to strengthen international trading and the tax administrators a key to achieving the desired tax revenue. It is therefore pertinent tat tax administration in Nigeria is properly positioned to properly handle tax issues around transfer pricing for an enhanced tax revenue in Nigeria. In this study, the researcher evaluated the different components that could strategically reposition tax administration in Nigeria for optimum tax revenue through Transfer Pricing. This research paper employed theories and empirics in examining all the variables involved in the discussion. There was a relatively broad review of literatures covering the prospects, challenges as well as the efforts of government towards the optimization of Transfer Pricing Taxation (TPT). Survey and descriptive research designs were employed for this study and SPSS was employed for data analysis. There was performance of descriptive statistics on the demographic information of the respondents while the influence of the variables on the strategic repositioning of tax administration through transfer pricing in Nigeria were determined through the use of T-test data analysis. Reliability test was done using Cronbach’s alpha to measure the reliability of the instrument. The findings revealed that tax administrators and other stakeholders are undecided about the adequacy of various provisions in the tax laws/regulations to handle domestic transfer pricing matters such as evasion and aggressive avoidance schemes leading to Base Erosion and Profit Shifting; the capacity, capability and motivation of tax administrators for same purposes. Recommendations were offered.

Published in	Journal of Finance and Accounting (Volume 9, Issue 5)
DOI	10.11648/j.jfa.20210905.12
Page(s)	190-199
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Aggressive Avoidance Scheme, Federal Inland Revenue Service, Optimize Tax, Strategic Repositioning, Tax Administration, Transfer Pricing

References

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Onyeka-Iheme Chimeruo Victory, Akintoye Ishola Rufus. (2021). Strategic Repositioning of Tax Administration in Nigeria Through Transfer Pricing. Journal of Finance and Accounting, 9(5), 190-199. https://doi.org/10.11648/j.jfa.20210905.12

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Onyeka-Iheme Chimeruo Victory; Akintoye Ishola Rufus. Strategic Repositioning of Tax Administration in Nigeria Through Transfer Pricing. J. Finance Account. 2021, 9(5), 190-199. doi: 10.11648/j.jfa.20210905.12

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AMA Style

Onyeka-Iheme Chimeruo Victory, Akintoye Ishola Rufus. Strategic Repositioning of Tax Administration in Nigeria Through Transfer Pricing. J Finance Account. 2021;9(5):190-199. doi: 10.11648/j.jfa.20210905.12

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@article{10.11648/j.jfa.20210905.12,
  author = {Onyeka-Iheme Chimeruo Victory and Akintoye Ishola Rufus},
  title = {Strategic Repositioning of Tax Administration in Nigeria Through Transfer Pricing},
  journal = {Journal of Finance and Accounting},
  volume = {9},
  number = {5},
  pages = {190-199},
  doi = {10.11648/j.jfa.20210905.12},
  url = {https://doi.org/10.11648/j.jfa.20210905.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jfa.20210905.12},
  abstract = {The need to diversify revenue sources in Nigeria through taxation cannot be over-emphasized especially with the advent of Corona Virus (COVID-19) which seem to strengthen international trading and the tax administrators a key to achieving the desired tax revenue. It is therefore pertinent tat tax administration in Nigeria is properly positioned to properly handle tax issues around transfer pricing for an enhanced tax revenue in Nigeria. In this study, the researcher evaluated the different components that could strategically reposition tax administration in Nigeria for optimum tax revenue through Transfer Pricing. This research paper employed theories and empirics in examining all the variables involved in the discussion. There was a relatively broad review of literatures covering the prospects, challenges as well as the efforts of government towards the optimization of Transfer Pricing Taxation (TPT). Survey and descriptive research designs were employed for this study and SPSS was employed for data analysis. There was performance of descriptive statistics on the demographic information of the respondents while the influence of the variables on the strategic repositioning of tax administration through transfer pricing in Nigeria were determined through the use of T-test data analysis. Reliability test was done using Cronbach’s alpha to measure the reliability of the instrument. The findings revealed that tax administrators and other stakeholders are undecided about the adequacy of various provisions in the tax laws/regulations to handle domestic transfer pricing matters such as evasion and aggressive avoidance schemes leading to Base Erosion and Profit Shifting; the capacity, capability and motivation of tax administrators for same purposes. Recommendations were offered.},
 year = {2021}
}

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TY  - JOUR
T1  - Strategic Repositioning of Tax Administration in Nigeria Through Transfer Pricing
AU  - Onyeka-Iheme Chimeruo Victory
AU  - Akintoye Ishola Rufus
Y1  - 2021/09/29
PY  - 2021
N1  - https://doi.org/10.11648/j.jfa.20210905.12
DO  - 10.11648/j.jfa.20210905.12
T2  - Journal of Finance and Accounting
JF  - Journal of Finance and Accounting
JO  - Journal of Finance and Accounting
SP  - 190
EP  - 199
PB  - Science Publishing Group
SN  - 2330-7323
UR  - https://doi.org/10.11648/j.jfa.20210905.12
AB  - The need to diversify revenue sources in Nigeria through taxation cannot be over-emphasized especially with the advent of Corona Virus (COVID-19) which seem to strengthen international trading and the tax administrators a key to achieving the desired tax revenue. It is therefore pertinent tat tax administration in Nigeria is properly positioned to properly handle tax issues around transfer pricing for an enhanced tax revenue in Nigeria. In this study, the researcher evaluated the different components that could strategically reposition tax administration in Nigeria for optimum tax revenue through Transfer Pricing. This research paper employed theories and empirics in examining all the variables involved in the discussion. There was a relatively broad review of literatures covering the prospects, challenges as well as the efforts of government towards the optimization of Transfer Pricing Taxation (TPT). Survey and descriptive research designs were employed for this study and SPSS was employed for data analysis. There was performance of descriptive statistics on the demographic information of the respondents while the influence of the variables on the strategic repositioning of tax administration through transfer pricing in Nigeria were determined through the use of T-test data analysis. Reliability test was done using Cronbach’s alpha to measure the reliability of the instrument. The findings revealed that tax administrators and other stakeholders are undecided about the adequacy of various provisions in the tax laws/regulations to handle domestic transfer pricing matters such as evasion and aggressive avoidance schemes leading to Base Erosion and Profit Shifting; the capacity, capability and motivation of tax administrators for same purposes. Recommendations were offered.
VL  - 9
IS  - 5
ER  -

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Author Information

Onyeka-Iheme Chimeruo Victory

Department of Accounting, Christopher University, Mowe, Nigeria
Akintoye Ishola Rufus

Department of Accounting, Babcock University, Ilishan-Remo, Nigeria

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APA Style

Onyeka-Iheme Chimeruo Victory, Akintoye Ishola Rufus. (2021). Strategic Repositioning of Tax Administration in Nigeria Through Transfer Pricing. Journal of Finance and Accounting, 9(5), 190-199. https://doi.org/10.11648/j.jfa.20210905.12

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ACS Style

Onyeka-Iheme Chimeruo Victory; Akintoye Ishola Rufus. Strategic Repositioning of Tax Administration in Nigeria Through Transfer Pricing. J. Finance Account. 2021, 9(5), 190-199. doi: 10.11648/j.jfa.20210905.12

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AMA Style

Onyeka-Iheme Chimeruo Victory, Akintoye Ishola Rufus. Strategic Repositioning of Tax Administration in Nigeria Through Transfer Pricing. J Finance Account. 2021;9(5):190-199. doi: 10.11648/j.jfa.20210905.12

Copy | Download

@article{10.11648/j.jfa.20210905.12,
  author = {Onyeka-Iheme Chimeruo Victory and Akintoye Ishola Rufus},
  title = {Strategic Repositioning of Tax Administration in Nigeria Through Transfer Pricing},
  journal = {Journal of Finance and Accounting},
  volume = {9},
  number = {5},
  pages = {190-199},
  doi = {10.11648/j.jfa.20210905.12},
  url = {https://doi.org/10.11648/j.jfa.20210905.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jfa.20210905.12},
  abstract = {The need to diversify revenue sources in Nigeria through taxation cannot be over-emphasized especially with the advent of Corona Virus (COVID-19) which seem to strengthen international trading and the tax administrators a key to achieving the desired tax revenue. It is therefore pertinent tat tax administration in Nigeria is properly positioned to properly handle tax issues around transfer pricing for an enhanced tax revenue in Nigeria. In this study, the researcher evaluated the different components that could strategically reposition tax administration in Nigeria for optimum tax revenue through Transfer Pricing. This research paper employed theories and empirics in examining all the variables involved in the discussion. There was a relatively broad review of literatures covering the prospects, challenges as well as the efforts of government towards the optimization of Transfer Pricing Taxation (TPT). Survey and descriptive research designs were employed for this study and SPSS was employed for data analysis. There was performance of descriptive statistics on the demographic information of the respondents while the influence of the variables on the strategic repositioning of tax administration through transfer pricing in Nigeria were determined through the use of T-test data analysis. Reliability test was done using Cronbach’s alpha to measure the reliability of the instrument. The findings revealed that tax administrators and other stakeholders are undecided about the adequacy of various provisions in the tax laws/regulations to handle domestic transfer pricing matters such as evasion and aggressive avoidance schemes leading to Base Erosion and Profit Shifting; the capacity, capability and motivation of tax administrators for same purposes. Recommendations were offered.},
 year = {2021}
}

Copy | Download

TY  - JOUR
T1  - Strategic Repositioning of Tax Administration in Nigeria Through Transfer Pricing
AU  - Onyeka-Iheme Chimeruo Victory
AU  - Akintoye Ishola Rufus
Y1  - 2021/09/29
PY  - 2021
N1  - https://doi.org/10.11648/j.jfa.20210905.12
DO  - 10.11648/j.jfa.20210905.12
T2  - Journal of Finance and Accounting
JF  - Journal of Finance and Accounting
JO  - Journal of Finance and Accounting
SP  - 190
EP  - 199
PB  - Science Publishing Group
SN  - 2330-7323
UR  - https://doi.org/10.11648/j.jfa.20210905.12
AB  - The need to diversify revenue sources in Nigeria through taxation cannot be over-emphasized especially with the advent of Corona Virus (COVID-19) which seem to strengthen international trading and the tax administrators a key to achieving the desired tax revenue. It is therefore pertinent tat tax administration in Nigeria is properly positioned to properly handle tax issues around transfer pricing for an enhanced tax revenue in Nigeria. In this study, the researcher evaluated the different components that could strategically reposition tax administration in Nigeria for optimum tax revenue through Transfer Pricing. This research paper employed theories and empirics in examining all the variables involved in the discussion. There was a relatively broad review of literatures covering the prospects, challenges as well as the efforts of government towards the optimization of Transfer Pricing Taxation (TPT). Survey and descriptive research designs were employed for this study and SPSS was employed for data analysis. There was performance of descriptive statistics on the demographic information of the respondents while the influence of the variables on the strategic repositioning of tax administration through transfer pricing in Nigeria were determined through the use of T-test data analysis. Reliability test was done using Cronbach’s alpha to measure the reliability of the instrument. The findings revealed that tax administrators and other stakeholders are undecided about the adequacy of various provisions in the tax laws/regulations to handle domestic transfer pricing matters such as evasion and aggressive avoidance schemes leading to Base Erosion and Profit Shifting; the capacity, capability and motivation of tax administrators for same purposes. Recommendations were offered.
VL  - 9
IS  - 5
ER  -

Copy | Download