Money Today, Gone Tomorrow? Indexing Taxes in Nigeria

For a country like Nigeria—with a high inflation rate, astounding poverty levels and slow economic growth—indexing taxes should be considered for the effectiveness and fairness of the tax system. Inflation is a dilemma that standard economic theory suggests has adverse effects on the economy. The effects of inflation occur across all sectors of the economy and for Nigeria, a country with an average annual inflation rate of eleven per cent (as at December 2019), inflation severely af

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