WHEN the tenure of a chief executive is coming to an end, there’s usually a feverish outbreak of schemes to push him over the edge, for good or bad reasons. Lobbyists are masters of the game. They keep a diary of appointment and termination dates – including possible renewal where the law permits – and also […]

Jordi Cruyff believes that players are leaving Spain because there are more lenient tax laws elsewhere. The Dutchman was speaking about the possibility of Neymar returning to Barcelona and hinted that tax laws in Spain are a disadvantage at attracting and keeping top players. ALSO READ: The day Ruud Van Nistelrooy made Cristiano Ronaldo cry “Neymar […]

By whatever yardstick it is measured, the current management of Federal Inland Revenue Service (FIRS) has, with its performance in the last four years, actually outperformed its predecessors. This is despite the recession that lasted from 2016 to 2017 occasioned by the steep crash in oil price. They performed better in terms of non-oil revenue. This was achieved through innovative thinking introduced by Babatunde Fowler-led management.

Soni Daniel – Abuja The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has seized 44 property valued at N14.7 billion belonging to 32 firms over tax evasion. The confiscated property, according to a statement by the Spokesperson to the commission, Mrs. Rasheedat Okoduwa, are made up of mansions, factory and 27 plots of […]

Emma Ujah – Abuja The Federal Government has paid the sum of N157.35 billion Pay As You Earn (PAYE)  tax arrears to state governments. It represented liabilities owed by Federal Ministries, Departments and Agencies, MDAs to states, Executive, Chairman, Federal Inland Revenue Service (FIRS) and Chairman of the Joint Tax Board, (JTB), Mr Tunde Fowler, […]

  President Donald Trump’s longtime accounting firm must hand over eight years of his tax returns to New York prosecutors, a U.S. appeals court ruled Monday in the latest setback for Trump in his tenacious efforts to keep his finances secret. The ruling by a unanimous three-judge panel of the New York-based 2nd U.S. Circuit […]

By Emeka Anaeto and Babajide Komolafe Still pushing for an improvement in Nigeria government’s performance in fiscal policy, the International Monetary Fund (IMF), yesterday, recommended a Tax-to-GDP ratio of 15 per cent for the country. Presently Nigeria is at about six per cent, considered one of the lowest in the world. The IMF is focusing […]

Since the evolution of government, tax imposition on people has always been a vexatious issue, and revolt against taxes considered unjust had played significant roles in the collapse of empires like the Egyptian, Roman, Spanish and Aztec. Similarly, the Magna Carta, the American and the French Revolutions are few examples of historic events that either originated as a tax revolt or had it as a component.  

By Tonnie Iredia So much has been said in the last two weeks about taxation as if Nigerians are oblivious of its crucial importance. Perhaps, it is time to tell our leaders that we, lay-economists, are aware that governments all over the world levy taxes for societal development and that Nigeria has for long been […]

Domestic airline operators in Nigeria have consistently called on the federal government to make the aviation business environment more   friendly to enable the airlines render efficient and profitable services to the flying public. This call is now being heard by the government after seeing the depleted fleet of the few domestic airlines that are still in operation.