Global tax risk and controversy are on the rise globally, especially for multinational enterprises (MNEs), and this is driven by a number of factors. The first part of this article is devoted to examining the general trends in the global tax landscape within which the MNEs operate in order to set the background. Later in […]

Tunisian police arrested presidential candidate Nabil Karoui on Friday on what local media said were charges of financial crimes, but his party said it was a politically motivated attempt to exclude him from the election race. Karoui’s own Nessma TV channel reported he had been arrested as he traveled to Tunis and broadcast a video

Upon its inception, Bitcoin was envisioned as a borderless currency that could be used by its owners without being affected by the regulatory impositions of any centralized agency or government body. And while this idea in itself is quite grand, the fact of the matter is that today’s crypto owners (across the globe) are subject

Former President Olusegun Obasanjo has been mocked by the Buhari Media Organisation (BMO) for being indicted by the Federal Inland Revenue Service, FIRS, as a tax defaulter. Obasanjo Farms Nigeria Limited, a company owned by the former President was among the 19,000 tax defaulters recently listed by the FIRS. Through a statement issued by the

Chairman of the Federal Inland Revenue Service, Mr Babatunde Fowler, has blamed the drop in the price of crude oil and recession for the shortfall recorded in actual tax collections from 2015 to 2018.  The FIRS chairman gave the explanation in his response to a query issued to him by the Chief of Staff to

Kenya’s Information Communication and Technology (ICT) ministry is working on completing a new tax scheme. This framework, reports say, will be used to tax foreign online streaming media services such as YouTube and Netflix. The over-the-top services (OTT) will soon be required to declare the incomes they derive from Kenyan consumers. OTT services include all

Increase budgetary allocation to education and improve the quality of the sector, government has been urged to sensitise all taxable adults on voluntary payment of Tax.   This was the submission of participants at the end of a two-day stakeholders Forum on Tax and Gender Responsive Schools in Lagos organised by Human Development Initiative (HDI), Norad

The National Board of Revenue (NBR) has taken an initiative to introduce a mobile application and software, aiming to check cases of tax evasion and increase the number of taxpayers. The revenue-collecting authority thinks launching of the app and software will bring dynamism into the revenue administration, and help bring a large number of eligible

Apple is heading to court next month to fight a 13 billion euro ($14.4 billion) tax bill handed down by the European Union in 2016. Europe’s General Court will hear Apple’s appeal on Sept. 17 and 18, Bloomberg reported Friday. The case relates to the bill that the EU Competition Commission ordered Ireland to recoup