Internal Tax Regime of WTO: A Clog in the Wheel of Economic Progress of the Developing Countries

  • Saka Muhammed Olokooba University of Ilorin, Nigeria.
  • Joshua Olukayode Olatoke University of Ilorin, Nigeria.
  • Bibobra B. Orubebe Novena University, Ogume, Delta State, Nigeria.

Abstract

The basic principles of the WTO are built on the foundation of GATT. However, even though those principles are far reaching in importance, their effects on the developed and developing nation’s economy are not equitable. While the principles look novel and economically viable, some of them are damaging to the economic progress of the developing countries. One of such principle is the internal tax regime of the WTO. This paper therefore examines what this principle is all about, how same constitute a clog in the wheel of economic progress of the developing nations as well as solution thereto in form of recommendation. 


Key Words: Internal Tax Regime, WTO, Clog, Wheel of Economic Progress, Developing Countries.

Published
2017-09-29
How to Cite
OLOKOOBA, Saka Muhammed; OLATOKE, Joshua Olukayode; ORUBEBE, Bibobra B.. Internal Tax Regime of WTO: A Clog in the Wheel of Economic Progress of the Developing Countries. NIU Journal of Social Sciences, [S.l.], v. 3, n. 1, p. 179-185, sep. 2017. ISSN 3007-1690. Available at: <https://niujournals.ac.ug/ojs/index.php/niujoss/article/view/56>. Date accessed: 26 may 2026.
Citation Formats
Issue
Vol 3 No 1 (2017): KIU Journal of Social Sciences, Vol. 3 No. 1, March 2017
Section
Articles

Copyright © Nexus International University.

All rights reserved.

Apart from fair dealing for the purpose of research or private study, or criticism or review, and only as permitted under the Copyright Art, this publication may only be produced, stored or transmitted, in any form or by any means, with prior written permission of the Copyright Holder.