International restructuring is frequently a necessary element in global tax planning. Restructuring based on “arm’s length” principles often involves transferring and paying for goodwill. Goodwill may be hard to identify and ephemeral, and presents difficult problem for accountants and tax authorities alike. This paper analyses a case of restructuring of a multinational corporation involving huge amounts of goodwill (approximately one billion USD), most of which subsequently disappeared. The company has been accused of tax as well as accounting fraud. Tax reporting and accounting are related because both represent the same set of facts. This paper provides a detailed analysis of the facts of the case without providing definite conclusions.
{"title":"Global Restructuring: Reflections on Goodwill and Taxes","authors":"Gjesdal Froystein","doi":"10.2139/ssrn.3589737","DOIUrl":"https://doi.org/10.2139/ssrn.3589737","url":null,"abstract":"International restructuring is frequently a necessary element in global tax planning. Restructuring based on “arm’s length” principles often involves transferring and paying for goodwill. Goodwill may be hard to identify and ephemeral, and presents difficult problem for accountants and tax authorities alike. This paper analyses a case of restructuring of a multinational corporation involving huge amounts of goodwill (approximately one billion USD), most of which subsequently disappeared. The company has been accused of tax as well as accounting fraud. Tax reporting and accounting are related because both represent the same set of facts. This paper provides a detailed analysis of the facts of the case without providing definite conclusions.","PeriodicalId":22313,"journal":{"name":"Tax eJournal","volume":"72 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2020-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84699593","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The best and worst major Canadian cities for business investment as measured by overall tax burden are identified in a new report by authors Adam Found and Peter Tomlinson. Before a business decides to locate or expand in a given jurisdiction, it must consider the tax implications of such an investment. Heavy tax burdens reduce potential returns, driving investment away to other jurisdictions and, with it, the associated economic benefits. Municipal business tax burdens are highest in Montreal, Halifax and St. John’s, while near the group average in Calgary, Charlottetown and Moncton. Vancouver showcases the most competitive municipal business tax environment, followed by Saskatoon, Toronto and Winnipeg.
{"title":"Business Tax Burdens in Canada’s Major Cities: The 2019 Report Card","authors":"Adam Found","doi":"10.2139/ssrn.3583882","DOIUrl":"https://doi.org/10.2139/ssrn.3583882","url":null,"abstract":"The best and worst major Canadian cities for business investment as measured by overall tax burden are identified in a new report by authors Adam Found and Peter Tomlinson. \u0000 \u0000Before a business decides to locate or expand in a given jurisdiction, it must consider the tax implications of such an investment. Heavy tax burdens reduce potential returns, driving investment away to other jurisdictions and, with it, the associated economic benefits. \u0000 \u0000Municipal business tax burdens are highest in Montreal, Halifax and St. John’s, while near the group average in Calgary, Charlottetown and Moncton. Vancouver showcases the most competitive municipal business tax environment, followed by Saskatoon, Toronto and Winnipeg.","PeriodicalId":22313,"journal":{"name":"Tax eJournal","volume":"32 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2020-04-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77542638","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study examines the impact of the tax reform on corporate effective tax rate (ETR) and firm-specifics in Tunisia for the post tax reform period (after the fiscal year 2014). The corporate effective tax rate is a component by major firm-specific characteristics, especially firm size, capital structure (leverage), inventory intensity, capital intensity. The ETR provides information about the tax burdens and can be used as a political instrument to boost the economic reliance. The post tax reform period reflects the impact of lower corporate tax rate on the firm characteristics. The sample consists of 112 firm-year observations from 16 listed companies in Tunis Stock Exchange (known Bourse de Tunis- BVMT) covering seven years from 2010 to 2016. Our result indicates that the tax reform had a significant impact only on the inventory variable but no significant results on the others firm characteristics for the post-tax reform period. These findings urge the Tunisian’s tax authority to reformulate the corporate tax system.
本研究考察了突尼斯税改后时期(2014财年之后)税改对企业有效税率(ETR)和企业具体情况的影响。公司有效税率是由公司的主要特征组成的，特别是公司规模、资本结构(杠杆)、库存强度、资本强度。ETR提供了有关税收负担的信息，可以用作提高经济依赖的政治工具。税改后的时期反映了较低的企业税率对企业特征的影响。样本由突尼斯证券交易所(Bourse de Tunis- BVMT)的16家上市公司的112家公司年度观察数据组成，涵盖2010年至2016年的7年时间。我们的研究结果表明，税改只对存货变量有显著影响，而对税改后时期的其他企业特征没有显著影响。这些发现促使突尼斯税务当局重新制定公司税制度。
{"title":"Post Tax Reform and Corporate Effective Tax Rate: Evidence from Tunisia","authors":"Abdelkader Kasraoui","doi":"10.2139/ssrn.3572971","DOIUrl":"https://doi.org/10.2139/ssrn.3572971","url":null,"abstract":"This study examines the impact of the tax reform on corporate effective tax rate (ETR) and firm-specifics in Tunisia for the post tax reform period (after the fiscal year 2014). The corporate effective tax rate is a component by major firm-specific characteristics, especially firm size, capital structure (leverage), inventory intensity, capital intensity. The ETR provides information about the tax burdens and can be used as a political instrument to boost the economic reliance. The post tax reform period reflects the impact of lower corporate tax rate on the firm characteristics. The sample consists of 112 firm-year observations from 16 listed companies in Tunis Stock Exchange (known Bourse de Tunis- BVMT) covering seven years from 2010 to 2016. Our result indicates that the tax reform had a significant impact only on the inventory variable but no significant results on the others firm characteristics for the post-tax reform period. These findings urge the Tunisian’s tax authority to reformulate the corporate tax system.","PeriodicalId":22313,"journal":{"name":"Tax eJournal","volume":"13 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2020-04-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82008545","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Anyone who is in a section 1031 exchange, could have trouble finishing such exchange due to the current situation caused by COVID-19. The IRS appears to have authority to extend the section 1031 45-day and 180-day time periods, but they haven’t done so yet. This short piece considers what exchangers might do while they wait for hoped-for extensions from the IRS. The COVID-19 situation raises issues that differ from other federally declared disasters that have resulted in extensions of the section 1031 deadlines (i.e., COVID-19 is a national, not regional, issue and COVID-19 does not destroy property in the manner that fires, hurricanes, tornadoes, floods, earthquakes, and other typical natural disasters do). The attached paper provides some thoughts regarding what exchangers and their advisors might consider as they wait for the IRS to issue guidance related to the time periods. Update: On April 9, 2020, the IRS published Notice 2020-23, extending the section 1031 deadlines for exchangers whose deadlines expire between April 1, 2020, and July 15, 2020.
{"title":"COVID-19 and Section 1031: Anticipating IRS Extension Relief","authors":"Bradley T. Borden","doi":"10.2139/ssrn.3571501","DOIUrl":"https://doi.org/10.2139/ssrn.3571501","url":null,"abstract":"Anyone who is in a section 1031 exchange, could have trouble finishing such exchange due to the current situation caused by COVID-19. The IRS appears to have authority to extend the section 1031 45-day and 180-day time periods, but they haven’t done so yet. This short piece considers what exchangers might do while they wait for hoped-for extensions from the IRS. The COVID-19 situation raises issues that differ from other federally declared disasters that have resulted in extensions of the section 1031 deadlines (i.e., COVID-19 is a national, not regional, issue and COVID-19 does not destroy property in the manner that fires, hurricanes, tornadoes, floods, earthquakes, and other typical natural disasters do). The attached paper provides some thoughts regarding what exchangers and their advisors might consider as they wait for the IRS to issue guidance related to the time periods. \u0000 \u0000Update: On April 9, 2020, the IRS published Notice 2020-23, extending the section 1031 deadlines for exchangers whose deadlines expire between April 1, 2020, and July 15, 2020.","PeriodicalId":22313,"journal":{"name":"Tax eJournal","volume":"6 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2020-04-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76902077","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
We study profitable firms with no tax expenses. We find that the proportion of profitable firms that owe zero taxes (zero-tax firms) has increased substantially over the past 70 years, accounting for almost 15% of listed U.S. firms in recent years. Zero-tax firms thus represent a major group of tax avoiders. However, we find that zero-tax firms avoid taxes using nonaggressive means: loss-related deductions and nontaxable income are important factors, whereas international tax avoidance plays a minor role. This paper further demonstrates that the large share of zero-tax firms can potentially drive results and affect inferences in tax avoidance studies. Taken together, we show that zero-tax firms are a unique and important subset of tax avoiders.
{"title":"Zero-Tax Firms","authors":"Jesse van der Geest, M. Jacob","doi":"10.2139/ssrn.3561016","DOIUrl":"https://doi.org/10.2139/ssrn.3561016","url":null,"abstract":"We study profitable firms with no tax expenses. We find that the proportion of profitable firms that owe zero taxes (zero-tax firms) has increased substantially over the past 70 years, accounting for almost 15% of listed U.S. firms in recent years. Zero-tax firms thus represent a major group of tax avoiders. However, we find that zero-tax firms avoid taxes using nonaggressive means: loss-related deductions and nontaxable income are important factors, whereas international tax avoidance plays a minor role. This paper further demonstrates that the large share of zero-tax firms can potentially drive results and affect inferences in tax avoidance studies. Taken together, we show that zero-tax firms are a unique and important subset of tax avoiders.","PeriodicalId":22313,"journal":{"name":"Tax eJournal","volume":"42 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2020-03-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84075501","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Travis Chow, Jeffrey A. Pittman, Muzhi Wang, Le Zhao
We examine the impact of clients’ tax enforcement on financial statement auditors. In a regression discontinuity design, we exploit the firm-registration-date-based application of a new rule that assigns firms to two different tax enforcement regimes. Our analysis implies that auditors exert less effort–evident in lower audit fees and shorter audit report lags–when their clients are monitored by the more stringent tax authority. In results supporting that audit quality improves in this situation despite the fall in auditor effort, we report that clients subject to tougher tax enforcement exhibit a lower incidence of accounting restatements and tax-related restatements. Additionally, we find no evidence of impaired auditor independence evident in the informativeness of auditors’ modified opinions. Finally, we document that clients undergoing stricter tax enforcement are assigned less-experienced partners, suggesting that tax enforcement enables audit firms to optimize client-partner matching. Collectively, our research suggests that tax authority oversight engenders a positive externality by improving external audit efficiency.
{"title":"Spillover Effects of Clients’ Tax Enforcement on Financial Statement Auditors: Evidence from a Discontinuity Design","authors":"Travis Chow, Jeffrey A. Pittman, Muzhi Wang, Le Zhao","doi":"10.2139/ssrn.3487193","DOIUrl":"https://doi.org/10.2139/ssrn.3487193","url":null,"abstract":"We examine the impact of clients’ tax enforcement on financial statement auditors. In a regression discontinuity design, we exploit the firm-registration-date-based application of a new rule that assigns firms to two different tax enforcement regimes. Our analysis implies that auditors exert less effort–evident in lower audit fees and shorter audit report lags–when their clients are monitored by the more stringent tax authority. In results supporting that audit quality improves in this situation despite the fall in auditor effort, we report that clients subject to tougher tax enforcement exhibit a lower incidence of accounting restatements and tax-related restatements. Additionally, we find no evidence of impaired auditor independence evident in the informativeness of auditors’ modified opinions. Finally, we document that clients undergoing stricter tax enforcement are assigned less-experienced partners, suggesting that tax enforcement enables audit firms to optimize client-partner matching. Collectively, our research suggests that tax authority oversight engenders a positive externality by improving external audit efficiency.","PeriodicalId":22313,"journal":{"name":"Tax eJournal","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2020-02-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77115340","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-02-14DOI: 10.17323/j.jcfr.2073-0438.13.3.2019.94-110
R. Chakrabarti, A. Gruzin
Capital structure is an indicator of the value of a firm and is a key performance indicator concerning how efficiently a company operates. Debt and leverage influence a company’s investment risks and influence the rate of return required by investors. Therefore, decisions affecting capital structure choice have crucial long-term effects.
The aim of this study is to determine the effects of corporate tax rates on capital structure in public nonfinancial companies based in BRICS countries. The specific object of our analysis is the evaluation of financial leverage as a proportion of debt financing based on the amount of total assets. This analysis is carried out on a sample of BRICS companies over the period from 2010 to 2015.
To conduct this research, panel data regression models are employed, including the fixed effects (FE), random effects (RE) and generalised method of moments (GMM) models. Each BRICS country is analysed separately in order to avoid biased estimates due to a host of significant country-specific differences.
The results presented herein indicate that effective tax rate is statistically significant, but the effect of taxation varies across countries. For example, effective tax rate is an important capital structure determinant, and it is significant across all countries. However in analytical terms, this investigation reveals that the most suitable regression model for the majority of BRICS countries is the fixed effects method, although for Russia the most appropriate model is the random effects method. To summarise, three separate hypotheses regarding the interplay of taxation and capital structure have.
This research crucially serves to demonstrate facets of the complexity of the economic situation in the key economies of BRICS countries. The generally-supported hypothesis implies that the higher the corporate tax rate, the more tax benefits the company receives from using a tax shield. The results of this study indicate that contrary to most existing literature, effective tax rate has a negative relationship with the capital structure in Russia, India and South Africa. Moreover, various existing research studies in the field have been validated, and individual aspects of our results serve to alternatively validate the tradeoff and the pecking order theories. The conclusions presented herein regarding the complexities of the interplay between economic indicators between BRICS countries will be essential information in the commercial and academic spheres and anyone concerned with emerging economies.
{"title":"The Impacts of Taxation on Capital Structure in BRICS Countries","authors":"R. Chakrabarti, A. Gruzin","doi":"10.17323/j.jcfr.2073-0438.13.3.2019.94-110","DOIUrl":"https://doi.org/10.17323/j.jcfr.2073-0438.13.3.2019.94-110","url":null,"abstract":"Capital structure is an indicator of the value of a firm and is a key performance indicator concerning how efficiently a company operates. Debt and leverage influence a company’s investment risks and influence the rate of return required by investors. Therefore, decisions affecting capital structure choice have crucial long-term effects.<br><br>The aim of this study is to determine the effects of corporate tax rates on capital structure in public nonfinancial companies based in BRICS countries. The specific object of our analysis is the evaluation of financial leverage as a proportion of debt financing based on the amount of total assets. This analysis is carried out on a sample of BRICS companies over the period from 2010 to 2015.<br><br>To conduct this research, panel data regression models are employed, including the fixed effects (FE), random effects (RE) and generalised method of moments (GMM) models. Each BRICS country is analysed separately in order to avoid biased estimates due to a host of significant country-specific differences.<br><br>The results presented herein indicate that effective tax rate is statistically significant, but the effect of taxation varies across countries. For example, effective tax rate is an important capital structure determinant, and it is significant across all countries. However in analytical terms, this investigation reveals that the most suitable regression model for the majority of BRICS countries is the fixed effects method, although for Russia the most appropriate model is the random effects method. To summarise, three separate hypotheses regarding the interplay of taxation and capital structure have.<br><br>This research crucially serves to demonstrate facets of the complexity of the economic situation in the key economies of BRICS countries. The generally-supported hypothesis implies that the higher the corporate tax rate, the more tax benefits the company receives from using a tax shield. The results of this study indicate that contrary to most existing literature, effective tax rate has a negative relationship with the capital structure in Russia, India and South Africa. Moreover, various existing research studies in the field have been validated, and individual aspects of our results serve to alternatively validate the tradeoff and the pecking order theories. The conclusions presented herein regarding the complexities of the interplay between economic indicators between BRICS countries will be essential information in the commercial and academic spheres and anyone concerned with emerging economies.","PeriodicalId":22313,"journal":{"name":"Tax eJournal","volume":"67 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2020-02-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78126316","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Income earned through gig platforms, letting platforms, and other digital intermediaries presents new challenges for taxation. This article evaluates the efforts of three European Union Member States – Denmark, Estonia, and France – to obtain data on platform users’ earnings directly from platform companies, including Uber, Airbnb, and domestic platforms. The authors furthermore assess the viability of scaling up the national initiatives into an EU-level “Digital Single Window” that would facilitate the automated reporting of income data by platforms, and the forwarding of that data to national tax and social security agencies for taxation and collection according to national rules.
{"title":"Taxing Earnings from the Platform Economy: An EU Digital Single Window for Income Data?","authors":"Daisy Ogembo, V. Lehdonvirta","doi":"10.31219/osf.io/67wdy","DOIUrl":"https://doi.org/10.31219/osf.io/67wdy","url":null,"abstract":"Income earned through gig platforms, letting platforms, and other digital intermediaries presents new challenges for taxation. This article evaluates the efforts of three European Union Member States – Denmark, Estonia, and France – to obtain data on platform users’ earnings directly from platform companies, including Uber, Airbnb, and domestic platforms. The authors furthermore assess the viability of scaling up the national initiatives into an EU-level “Digital Single Window” that would facilitate the automated reporting of income data by platforms, and the forwarding of that data to national tax and social security agencies for taxation and collection according to national rules.","PeriodicalId":22313,"journal":{"name":"Tax eJournal","volume":"63 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2020-01-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84995950","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study examines whether companies' decisions to dismiss or substantially reduce reliance on their audit firms as tax-service providers in the wake of the Sarbanes-Oxley Act affect tax avoidance. We hypothesize that decoupling audit and tax-service provision and subsequently obtaining tax services from a new provider can result in decreased tax avoidance because the new provider lacks familiarity with a client's existing tax planning or does not have the expertise to generate new tax-avoidance opportunities. Consistent with our hypothesis, our results reveal that sample companies' book (cash) effective tax rates increased by economically significant 1.36 (1.63) percentage points in the year after terminating or substantially decreasing purchases of tax services from their audit firms, and discretionary permanent book-tax differences declined significantly. We find that decreases in tax avoidance were larger for companies whose outgoing tax-service providers were tax-specific industry experts.
{"title":"The Cost of Independence: Evidence from Companies’ Decisions to Dismiss Audit Firms as Tax-Service Providers","authors":"Kirsten A. Cook, Kevin H. Kim, Thomas C. Omer","doi":"10.2308/horizons-18-009","DOIUrl":"https://doi.org/10.2308/horizons-18-009","url":null,"abstract":"\u0000 This study examines whether companies' decisions to dismiss or substantially reduce reliance on their audit firms as tax-service providers in the wake of the Sarbanes-Oxley Act affect tax avoidance. We hypothesize that decoupling audit and tax-service provision and subsequently obtaining tax services from a new provider can result in decreased tax avoidance because the new provider lacks familiarity with a client's existing tax planning or does not have the expertise to generate new tax-avoidance opportunities. Consistent with our hypothesis, our results reveal that sample companies' book (cash) effective tax rates increased by economically significant 1.36 (1.63) percentage points in the year after terminating or substantially decreasing purchases of tax services from their audit firms, and discretionary permanent book-tax differences declined significantly. We find that decreases in tax avoidance were larger for companies whose outgoing tax-service providers were tax-specific industry experts.","PeriodicalId":22313,"journal":{"name":"Tax eJournal","volume":"14 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-11-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87271319","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The law upon the subject of stamps is altogether a matter positive juris. It involves nothing or principle or reason but depends on altogether upon the language of the legislature. This will lead us to look at key sections of the Stamp Duties Act on assessment and collection. Why this examination is important is, to highlight areas where there is probably a neglect by the government to generate revenue, and perhaps, possible areas where investors in the telecommunications should be enlightened as it is one industry largely driven by foreign and local investors. This paper will examine the assessment and collection of Stamp Duties in the Telecommunication Industry under the Nigerian clime.
{"title":"An Examination of Stamp Duties Assessment and Collection in the Telecommunications Industry","authors":"O. Olajide","doi":"10.2139/ssrn.3530395","DOIUrl":"https://doi.org/10.2139/ssrn.3530395","url":null,"abstract":"The law upon the subject of stamps is altogether a matter positive juris. It involves nothing or principle or reason but depends on altogether upon the language of the legislature. This will lead us to look at key sections of the Stamp Duties Act on assessment and collection. \u0000 \u0000Why this examination is important is, to highlight areas where there is probably a neglect by the government to generate revenue, and perhaps, possible areas where investors in the telecommunications should be enlightened as it is one industry largely driven by foreign and local investors. \u0000 \u0000This paper will examine the assessment and collection of Stamp Duties in the Telecommunication Industry under the Nigerian clime.","PeriodicalId":22313,"journal":{"name":"Tax eJournal","volume":"24 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78191949","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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