Journal • CITN Journal

Editorial Board

Editor-in-Chief

Professor Rafiu Oyesola Salawu

Department of Management & Accounting, Faculty of Administration, Obafemi Awolowo University, Ile-Ife

Managing Editor

Professor Godwin Emmanuel Oyedokun

Department of Management & Accounting, Lead City University, Ibadan, Nigeria

Editorial Board Secretary

Mary-Fidelis Chidoziem Abiahu

Director, Research and Professional Standard, Chartered Institute of Taxation of Nigeria

Editorial Board Members

Professor Chinedum Nathaniel Nwezeaku

Federal University of Technology, Owerri

Professor John Adeoti

Nigeria Institute of Social and Economic Research (NISER), Ibadan

Professor Uche Jack-Osimiri

Faculty of Law, River State University, Port Harcourt

Professor Aruwa Suleiman Akwu-Odo Salihu

Nasarawa State University, Keffi Nasarawa State Nigeria

Dr. Eiya Ofiafoh Ofiafoh (Associate Professor)

Department of Accounting, University of Benin, Benin City, Nigeria

Dr. Stephen Chukwuemeka Mark Abani

MCSA Worldwide Projects Limited, Abuja, Nigeria

Dr. Kenny Adedapo Soyemi

Department of Accounting, Olabisi Onabanjo University, Ago Iwoye, Ogun State, Nigeria

Professor Joseph Uchenna Uwaleke

Department of Banking & Finance, Nasarawa State University, Keffi Nasarawa State, Nigeria

Barrister Chukwuemeka Eze

Faculty of Law, Nasarawa State University, Keffi Nasarawa State, Nigeria

Mr. Simon Nwanmaghyi Kato

Federal Inland Revenue Service, Chairman’s Office, Abuja, Nigeria

BASE EROSION AND PROFIT SHIFTING IN DEVELOPING COUNTRIES: THE NIGERIAN EXPERIENCE

Description

BASE EROSION AND PROFIT SHIFTING IN DEVELOPING COUNTRIES: THE NIGERIAN EXPERIENCE

Authors

SALAWU, Muinat Wuraola, OTUSANYA, Julius Olatunde and ADEYEYE, Gbadegesin Babatunde

Abstract

Cross-border tax situations arising as a result of international business transactions have led to Base Erosion and Profit Shifting (BEPS) where gaps and mismatches in tax laws are exploited to shift income, profits, and assets from one jurisdiction to another. Using MNCs listed on the Nigerian Exchange Group as its population and sample using the census method, the study carried out a content analysis of audited published financial statements between 2015 and 2022. Anchored on the theory of globalization, descriptive statistics was used in achieving the research objectives which were concerned with determining the extent of implementation of specific OEC/G20 BEPS Project requirements in the published financial statements. The study found that the financial services sector has the highest level of implementation while country-by-country reporting requirement is the most implemented. The study concluded that MNCs should continue implementation of the requirements while Nigerian tax authorities work hand-in-hand with international bodies to ensure that the nation's peculiarities are taken into consideration while formulating BEPS policies.

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