"Tax harmonization in the West African Monetary Zone: issues and challe" by Emmanuel Ating Onwioduokit

Bullion

Title

Tax harmonization in the West African Monetary Zone: issues and challenges

Authors

Emmanuel Ating Onwioduokit, University of Uyo, Akwa Ibom

Keywords

Tax harmonization, Monetary union, WAMZ

Abstract

This paper explored the theoretical underpinnings for tax harmonization in a monetary union and critically perused the existing tax system in the WAMZ countries and found considerable differences in the applicable tax rates across the countries in the zone. This paper found that tax and proposes that tax harmonization should be the goal for all aspects of member states' tax system and concluded that a high degree harmonization is necessary in the indirect taxes; as such taxes may create an immediate obstacle to the free movement of goods and the free supply of services within the internal market.

Author Bio

The author is a staff of the Department of Economics, University of Uyo, Akwa Ibom State, Nigeria.

Publication Title

CBN Bullion.

Issue

2 - 1

Volume

37 - 38

Recommended Citation

Onwioduokit, Emmanuel Ating (2014) "Tax harmonization in the West African Monetary Zone: issues and challenges," Bullion: Vol. 37: No. 2, Article 3.
Available at: https://dc.cbn.gov.ng/bullion/vol37/iss2/3

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