TAX LAWS: SYNERGY FOR INFRASTRUCTURAL DEVELOPMENT IN EMERGING ECONOMIES

Abstract

This article while touching on the fundamentals of taxation and its administration seeks to address the indifference of the taxable population in emerging economies towards paying taxes, the causes of their detachment towards tax regimes and what a sound national tax policy should be able to address. There is the need for a reorientation of the populace in matters concerning payment of tax, the gains of taxation and what the government of the day must do to earn the trust of the governed. In a nutshell, this article seeks to depict the importance of implementing Nigeria’s National Tax Policy as the blueprint to plugging the inherent loopholes in the tax laws and tax administrations problems in emerging economies like Nigeria and discourse mode of bridging the information gap between all stakeholders with a view to ensuring the development of a tax culture among the citizens. Thus, evolving a new era in our tax laws and tax administration by ensuring the crucial paradigm shift needed to engineer a sustainable development in emerging economies.