Nigeria’s experts kicked against the International Monetary Fund (IMF) call for a tax increase as a means to fund the country’s high cost of servicing debt. This was after the Debt Management Office (DMO) reported that Nigeria’s total debt rose by 5.11 percent or N1.3 trillion in the first half of 2019 to N25.701 trillion. […]
The Federal Government is planning to introduce more taxes and expand the incumbent tax base. The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, disclosed this while speaking at the International Monetary Fund (IMF) and World Bank’s annual meetings in Washington DC, United States of America (USA). According to Ahmed, this was the
FG To Introduce More Taxes, Expand Present Tax Base Read More »
Following the plans by the Federal Government to impose Value Added Tax (VAT) on carbonated drinks, soft drinks and other important products, Financial experts have warned that it will not only have an effect on the company but will lead to loss of jobs in the country. Recall that the Minister of Finance, Budget and
Soft-Drink Tax: Experts Predict Hyperinflation, Job Loss Read More »
The mathematical theory of transitivity states that, if A is equal to B and B equal to C, then A is equal to C. Given the latest cuts in corporate taxes, one would hope that this theory was as simply applicable to India’s languishing capital expenditure cycle: that, by reducing corporate taxes, demand increases, capacity
Corporate tax cuts won’t spur capex cycle immediately Read More »
Benue Internal Revenue Service (BIRS), in collaboration with the operatives of the Operation Whirlstroke operating in SANKERA axis of Benue State have cleared all routes in the federal constituency of illegal check points. The operation which also had the leadership of the amalgamated traders union as part of the team, saw to the sanitation of
Nigerian Army, BIRS Remove Illegal Tax Points In SANKERA Read More »
The Academic Staff Union of Universities (ASUU) has rejected the decision of the management of Ekiti State University (EKSU) Ado-Ekiti to introduce a new tax regime to be paid by staff. Addressing newsmen on Friday in Ado-Ekiti, the ASUU-EKSU chairman, Dr Kayode Arogundade said members of the union had been subjected to poor treatment with
ASUU rejects introduction of new tax regime in Ekiti varsity Read More »
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