JOFsolicitors

30 YEARS OF LEGAL EXCELLENCE

Our Publications

Public Private Partnerships-An Introduction.

One of the primary functions of government in modern societies is the provision of basic infrastructure/services to its citizens, for example, good roads, education, health care etc. In order to perform that function, government usually establish, finance, own and manage various corporations/agencies saddled with the responsibility of providing such infrastructure services. However, modern realities have made it impracticable for governments, all over the world, to be able to fully finance infrastructural projects, hence the need to access private funds for public benefits. Government use of private contributions for the public benefits is nearly as old as recorded history. For example, in the ancient city-state of Athens in the fourth century B.C., prominent citizens made major contributions for staging costly public festivals and religious events and for building public buildings and monuments.

Significant Economic Presence: Examining Nigeria’s Move Towards Taxing the Digital Economy.

Digitalization has transformed data value chains in different ways, opening up channels for value addition. These channels take the form of data-driven, consumer-facing business models. The emergence of these platform-based business models has eroded the need for physical proximity to target market. It becomes necessary that, in a digital age, the allocation of taxing rights by a state can no longer be exclusively limited by reference to physical presence. In response to the need to remedy this tax challenge, Nigeria introduced a new taxing right through the concept of significant economic presence (SEP)