Global Disruption, Taxation and Digitalization: Implications for Economic Development in Nigeria.

Abstract

Abstract

The interplay between global disruption, taxation, and digitalization in the new age and their implication for the economic development of Nigeria has not been explored. This study, therefore, is an exploratory research aimed at discovering the impact of the interplay of the trio on the economic development of the country. Data for the study were obtained from published articles on the internet and in the library. From the review, it was found that great opportunity presented by global disruption and digitalization for taxation in the new age that could have impacted on economic development has not been fully utilized due to factors such as inadequate infrastructure, poor human capital development particularly in technology acquisition, inability to adapt to technological changes, ineffective collaboration with foreign nations on taxation of digital businesses and inability of the country to diversify her economy. The study recommends investment in infrastructure for technological development, human capital development for entrepreneurial skills for job opportunities in the new age global disruption and digitalization, collaborations with foreign nations to address the challenges of tax evasion and profit shifting in the digital economy, and fostering resilience and sustainability of the Nigerian economy via diversificationnology acquisition, inability to adapt to technological changes, ineffective collaboration with foreign nations on taxation of digital businesses and inability of the country to diversify her economy. The study recommends investment in infrastructure for technological development, human capital development for entrepreneurial skills for job opportunities in the new age global disruption and digitalization, collaborations with foreign nations to address the challenges of tax evasion and profit shifting in the digital economy, and fostering resilience and sustainability of the Nigerian economy via diversification.