Study by Nigerian researcher reveals ADR as solution for resolving tax disputes

A recent study has revealed the efficacy of arbitration and mediation as viable means of resolving local and international tax disputes.

According to findings, Litigation as a traditional method of resolving tax disputes while helpful tends to slow down commercial tax disputes thereby resulting in the loss of income for parties and reduction in stakeholders’ investments.

The study conducted in the Lawyard Legal Publication was conducted by a Nigerian and tax researcher, Philips Adekemi.

He analyzed the statistics by the Financial Times which revealed an increase in tax disputes by 8.5% in 2015 as against 6.4% in 2015. Thus, tax appeals and cases before Tribunals in various jurisdictions jumped by nearly 40% over the year to 310%.

The research further explores dispute resolution clauses in international tax agreements such as the Model double Taxation Agreement of the League of Nation, the Organization for Economic Development Draft Tax Convention.
Innovation and Expertise.

Philips Adekemi’s work is a testament to his expertise and dedication to the taxation field and very innovative as it is one of the first to be published in the tax avoidance and disputes sector.

His research unravels the relationship between effective tax compliance and foreign investment and sets the pace for governments and private entities to explore tax effective mechanisms in the tax sectors.

The profound analyses and insights drawn from Philips’ research significantly contribute to the operations and knowledge of resolution of tax disputes in the tax sectors.

By stating the reduction in foreign investment in African countries due to ineffective means of tax dispute resolution, Philips’ research has opened doors to potential scholarly contributions aimed at reducing effective tax disputes.

Philips’ novel research has carved a niche in the vast field of tax compliance.

His expertise and innovative approach towards understanding the various tax resolution mechanisms underscore the importance of interdisciplinary research in modern tax compliance.