21 st CENTURY APPROACH TO TAXATION IN DIGITAL ECONOMIES kansmus@gmail.com First and foremost, digitalisation in the wave of the digital economy is good and all nations should embrace it. Due to traditional preoccupations that tainted the continental scape, Africa didn’t transform thoroughly through the first to the third industrial revolutions. However, the rise of modernization and its tenet of a single equal pace to globalization has facilitated the continent’s aspirations to catch up with the opportunities and challenges of this fourth industrial revolution that include taxation. The main features of digitalized economies include: multinational companies whose activities are not easy to localize or track and tag taxes levied on them to a specific economy or distribute the total fiscal contribution amongst countries of operation. The second feature is that firms dominating the digital economy are quite often platforms that direct interaction between the buyer and selle...
