Taxation – Business Journal

Presidential Fiscal Policy Committee Proposes 8 Single Digit Taxes

Business Journal — Fri, 31 May 2024 15:57:02 +0000

Mr. Taiwo Oyedele Chairman The Presidential Fiscal Policy and Tax Reforms Committee The Presidential Fiscal Policy and Tax Reforms Committee has proposed eight single digit taxes in Nigeria as against the estimated 200 taxes existing within the three-tiers of government (federal, states and local governments). Mr. Taiwo Oyedele, the Chairman of the Committee said at […]

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‘Tax Burden in Nigeria is Real’

Business Journal — Thu, 09 Jan 2020 20:25:46 +0000

Dr. Uche Olowu President/Chairman of Council Chartered Institute of Bankers of Nigeria (CIBN) Dr. Uche Olowu, President/Chairman of Council, Chartered Institute of Bankers of Nigeria (CIBN) says the issue of tax burden in Nigeria is real. But he added that taxation should be the main source of revenue for the government as seen in other […]

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India Threatens to Seize Vodafone Assets Over $2.1bn Tax Dispute

Business Journal — Fri, 19 Feb 2016 02:29:38 +0000

The Indian government is threatening to seize Vodafone’s assets in the country if it doesn’t pay a disputed USD2.1 billion tax demand. Both sides have been in dispute over the tax demand ever since Vodafone made its initial investment in the country in 2007. An attempt by the Indian government to retrospectively change the law […]

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STUDY: Global Action Against Tax Evasion Failed

Business Journal — Mon, 11 Jun 2012 16:55:39 +0000

The most concerted global push ever undertaken against international tax evasion has failed to reverse the flow of funds to offshore financial centres, according to banking industry data. Despite unprecedented action from political leaders, and a blizzard of bilateral co-operation treaties entered into by offshore centres, deposit data from the Bank of International Settlements (BIS) […]

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