Nigeria’s Lost Taxes to Mauritius

Since I wrote the piece suggesting that Nigeria could redesign its tax policy, the conversation has largely focused on the nation’s obvious need to boost its tax revenue. In other words, a country that needs more tax revenue cannot be offering tax-holiday. That makes sense, except that focusing on the apparent short-term tax revenue losses would cost us the opportunities of the future. Here are two things to consider: Mobility of Knowledge: In a knowledge-based economy, knowledge is a key factor of production. Unlike in the industrial-age era where it was hard to move some factors of production (like raw material), … Continue reading Nigeria’s Lost Taxes to Mauritius