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.
Planned increase in VAT anti-people, anti-development – Labour
Organised Labour has on Friday rejected government planned increase in Value Added Tax, VAT, from 5 % to 7.2 %, describing the planned increase as anti-people and anti-development.
7.2% VAT will dampen Nigerians’ purchasing power, say financial experts
Some financial experts on Thursday said that Value Added Tax (VAT) increment by the Federal Government would further dampen purchasing power of Nigerians.
Tax yes, but structures first
NEWS of the query issued to Mr Tunde Fowler, the FIRS(Federal Inland Revenue Service) boss, has once again put the issue of tax in the country in the spotlight. The importance of taxation to a country’s development cannot be overemphasized, especially as without tax revenues the civil service will be grounded, and we know what that means.
Tax appeal tribunal resolves N1.5b Polaris bank, Abia govt logjam
ENUGU- The Tax Appeal tribunal for South East zone, sitting in Enugu, has reconciled the N1,528,205,878.88 tax assessment disagreement between Polaris Bank Plc and the Abia state Board of Internal Revenue.
22 tax officers compulsorily retired over corruption
All India Radio, on Monday, reported that the Indian government’s Central Board of Indirect Taxes & Customs (CBIC) has compulsorily retired 22 tax officers over corruption and other charges.
