tax

Senate probes non-remittance of taxes to state governments

Senate probes non-remittance of taxes to state governments

The Senate on Tuesday  directed its Committees on Banking, Insurance and other Financial Institutions and Finance to investigate non-remittance of taxes on bank deposits and dividends  payment due to state governments.
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Tax evasion: Enugu gov’t seals 40 properties

Tax evasion: Enugu gov’t seals 40 properties

By Dennis Agbo Tax: Enugu State Internal Revenue Service, ESIRS, has sealed no less than 40 business premises in the state for their inability to comply with taxations. Chairman of the ESIRS Board, Mr. Emeka Odo said the service has penciled down 3,000 financial, educational and other related institutions and business concerns that would be […]

Expanding the tax net in Lagos

Expanding the tax net in Lagos

ALL over the world, governments use tax revenues to provide jobs, build dams and roads, operate schools and hospitals, provide medical care and for hundreds of other purposes. Without taxes to fund its activities, government could not actually exist.

‘Zacchaeus’ and the perils of a tax collector

‘Zacchaeus’ and the perils of a tax collector

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: Players are leaving LaLiga Santander because of Spain’s tax laws

Jordi Cruyff: Players are leaving LaLiga Santander because of Spain’s tax laws

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 […]

Engaging billionaire tax evaders

Engaging billionaire tax evaders

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.