Supporting infrastructure development initiatives using tax frameworks in emerging economies.

Arimoro, Augustine ORCID logoORCID: https://orcid.org/0000-0002-8698-9328 and Musa, Habiba (2025) Supporting infrastructure development initiatives using tax frameworks in emerging economies. In: Taxation, Human Rights, and Sustainable Development Global South Perspectives. Routledge, London. ISBN 9781003432890

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Abstract

Traditionally, policymakers have crafted tax systems primarily to generate revenue for government budgets. However, in modern times, taxation serves a broader purpose in economic development. It can be utilized to address income inequalities, enhance social welfare, and curb inflation, among other objectives. Recognizing the significant role of taxation in economic progress, this chapter delves into the effects of a taxation framework specifically to influence development of essential infrastructure in emerging economies. There is a prevalent argument that public authorities in may emerging economies lack the necessary political determination to ensure the success of Public-Private Partnership (PPP) projects. This is exemplified by the failure to provide incentives such as guarantees and tax relief, leading to diminished investor interest in PPP initiatives. In contrast, Russia has instated a PPP model that includes tax incentives to bolster infrastructure development, consequently enhancing quality of life for its citizens. This chapter aims to explore the potential opportunities presented by leveraging the tax system to facilitate private sector investment in infrastructure procurement. Considering the infrastructure deficit negatively impacting the lives of citizens in numerous emerging economies, the chapter proposes strategies to strengthen the taxation framework. These strategies will support both project companies engaged in PPPs and private sector contractors undertaking specific public procurement contracts.

Item Type: Book Chapter or Section
Subjects: Law and criminal justice > Law
Depositing User: Augustine Arimoro
Date Deposited: 04 Jul 2025 13:50
Last Modified: 04 Jul 2025 14:00
URI: https://repository.uwl.ac.uk/id/eprint/13824

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