TAX 316: Ethical Issues in Taxation

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Learning Outcomes

After a successful completion of the course, students should be able to:

  1. identify and state the different ethical issues in accounting and taxation;
  2. interpret ethics and accountability, corporate governance and economic efficiency view;
  3. explain ethics value theory and common personal value;
  4. define the concept of integrity and independence, taxation in Islam and Christianity; and
  5. identify the benefits of being a morally sound tax expert.
Course Contents

Dimensions of AEV. General business ethics. Professional ethics. Ethics of taxation information, purpose of ethics, taxation ethics, ethics in accounting. Human resource management, intellectual property, knowledge and skills. International business ethics. Civil service ethics and corruption, ethics of economic systems. Ethics and Accountability. Enhancement mechanism, corporate governance, economic efficiency view.

Models of AEV – ethical decision making principles – moral principles, utilitarianism, justice, human rights, individualism. Spectrum of firms – amoral, legalistic, responsive, ethically-engaged, ethical. Other topics covered are Philosophy (rationale and theories of AEV (theological, consequentialism, utilitarianism; deontological, Kantianism, universalism and respect for persons.

Ethics value theory (classical); common personal values). Law and AEV: Human rights, monitoring agents- EFCC, ICPC, Police, NASB, NDLEA, NAFDAC, SON, Code of Conduct Bureau etc mandates and operation.

Other areas include ethical code of conduct of the Chartered Institute of Taxation of Nigeria. The concepts of integrity and independence. Personal and operational standards of tax professional. Islamic and Christian teachings against fraud/corruption.

Taxation in Islam and Christianity. The appropriate ethical framework and value judgment of tax professionals in Nigeria. Tax experts as promoters of prudence, transparency, probity and accountability. The benefits of being a morally sound tax expert.