Republican Donald Trump is touting tax cuts and economic gains during his presidency as a reason why he should get re-elected in November. Democrats seeking to challenge him to say Trump’s economy has benefited the rich while leaving behind the working class. Their proposals range from a sweeping pledge of universal healthcare to comparatively modest […]

The Impartial Corrupt Procedures and Other Associated Offences Commission (ICPC) has threatened legal action in opposition to 44 house house owners including two buildings in Abuja belonging to Pinnacle Communications Ltd. In a letter to the Management of Pinnacle Communications, ICPC also dismissed allegations by the digital telecommunication corporation that its operatives illegally invaded their

The Senate has said the recently increased Value Added Tax (VAT) won’t affect the purchasing power of an average Nigerian. The Senate President, Ahmad Lawan, stated while speaking on the measures being taken by President Buhari to reduce pressure of the new Finance Law on an average Nigerian. Lawan explained that the new 2.5 percent

A TAX on reading celebrity books  must be scrapped by Sajid Javid in his first Budget, campaigners say. A TAX on reading celebrity books  must be scrapped by Sajid Javid in his first Budget, campaigners say. Millions of e-books and audiobooks including Elton John’s autobiography and David Walliams’ stories  are slapped with an “illogical”  twenty per

The biggest reason people contribute to IRAs is to get a tax deduction on their contributions. Traditional IRAs offer most taxpayers an up-front deduction when they make that contribution, letting people wait to pay tax until they withdraw money from their IRAs in retirement. However, some people are surprised to learn that they might not

One thing I must say for Fowler, the ex-boss at the Federal Inland Revenue Service – in spite of his many failings – is that he was partly a victim of general economic mismanagement and vision impairment from the top and centre. Nigeria shouldn’t have gone into a deep recession in 2016/7 but for the

The Nigerian equities market opened trading for the week on a bearish note as losses by Zenith Bank Plc, FBN Holdings Plc and Unilever Nigeria Plc, among 10 other stocks pushed the Nigerian Stock Exchange (NSE) All-Share Index (ASI) down by 0.30 per cent to close at 29,552.99. Similarly, market capitalisation shed N39.1 billion to

The Senate has assured Nigerians that the implementation of the 2.5 per cent increase in the Value Added Tax from February 1 will not affect the purchasing powers of an average Nigerians because the increment was targeted at luxury items. The President of the Senate, Ahmad Lawan, stated this on Monday, while answering a question

The 2020 Appropriation Bill, “budget of sustainable growth and job creation“, was presented by the President to the National Assembly on the 9th of October 2019 along with the draft Finance Bill (which has now been passed into law as Finance Act) which is intended to effect crucial changes to the existing fiscal laws that will

CHICAGO, Jan. 24, 2020 /PRNewswire/ — First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of industrial real estate, today reported the tax treatment of its 2019 distributions.  For tax purposes, 83% percent of the Company’s 2019 common stock distributions represented ordinary dividends and 17% were classified as capital gain distributions.