Muhammad Nami, Nigerian Tax Chief Lists Negative Sides of Technology on taxation
Nigerian Tax Chief Lists Negative Sides of Technology on Taxation
The Executive Chairman (EC), Federal Inland Revenue Service, Mr. Muhammad Nami, has alerted tax administrators in developing countries especially Africa to the disruptive tendencies embedded in the Fourth Industrial Revolution as currently being driven by powerful Information and Communication Technology (ICT)-based inventions like Blockchain, Machine Learning and Artificial Intelligence.
Nami spoke on Tuesday in Abuja at the start of a 3-day capacity building seminar for tax administrators from across West Africa, which the FIRS is hosting in collaboration with the West African Tax Administration Forum (WATAF) and the Inter-American Center for Tax Administrations (CIAT)
According to Nami, while these technology innovations have the beneficial tendency to help revenue agencies in their assigned national task, they also have great ability to undermine tax collection because they have created new, fluid, hard-to-trace ways of doing business that makes it difficult for revenue agencies to tax their transactions.
Nami observed: “In the world presently, the disruptive technological innovations such as Blockchain technology, Machine Learning and the whole gamut of Artificial Intelligence (AI) have dire consequences for developing economies in terms of revenue loss and high staff turnover. The effects are also in the areas of staff dissatisfaction and deliberate ‘Head hunting’ of the very best of our staff by private entities which continue to deplete our work force.”
Consequently, the FIRS chairman stressed that “it is important for us as Managers of Human Resources in Tax Administrations to recognize the dynamics of changes occurring in the world in terms of the way businesses are being done and reported”, with a view to adjusting accordingly in order for these revenue agencies to meet their mandates to the government and people of their respective nations.
Nami said the seminar “provides an opportunity for capacity building and peer learning amongst tax administrators” and urged all participants “to take advantage of this event to enable us forge knowledge-based collaborations that will enhance our capacity to turn these challenges into opportunities for staff development.”
His words: “The increasing recognition of the important role of tax administrations in sustainable domestic revenue mobilisation for our governments has expanded our scope of operations thereby making it necessary for us to re-jig our approach to human resources management. I call on you all to make a resolution that after this three-day training you will form a mind-set that is tuned towards harnessing previously untapped potentials that exist in our systems by optimal use of our human resources in accordance with the global best practices.”
Seminar instructors and participants at the event are drawn from West African countries as well as from North and South America.
Recent Comments