Tag: Tax
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President Trump fires Amazon with tweet missile
US President Donald Trump has accused Amazon.com of not paying enough tax, taking advantage of the US postal system and putting small retailers out of business. Trump voiced the accusation against the retail giant in a tweet he posted on his official Twitter handle on Thursday. However, the president did not substantiate his accusation with…
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Saraki calls for review of Nigeria’s tax laws
The President of the Senate, Dr Abubakar Bukola Saraki, has called for the urgent review of the nation’s tax laws, to achieve a more efficient and productive tax regime. Saraki gave the advice on Wednesday while inaugurating the Technical Committee on Reforming Nigeria’s Tax System at the National Assembly, Abuja. He said the Federal Government’s…
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Rivers to sanction businesses for failure to comply with tax reforms
Rivers state government says any business in the State that fails to comply with its tax reforms would be appropriately sanctioned. The State Governor, Nyesom Ezenwo Wike, made this known on Monday during the flag off of the Rivers State Tax Management (RIVTAMIS), which Wike said is a bid to enhance the ease of doing…
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Tax: FG targets property owners in highbrow areas
The Federal Government has extended its searchlight on tax evaders with net-worth properties in highbrow areas of major cities. Recall that the Federal Government on July 1, 2017 granted tax payers a nine-month grace to regularise their tax status under the Voluntary Assets and Income Declaration Scheme (VAIDS). However on Monday, a source in the…
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President Trump threatens to tax European auto imports
U.S. President Donald Trump kept up pressure on trading partners on Saturday, threatening European automakers with a tax on imports if the European Union retaliates against his plan to slap tariffs on aluminum and steel. Trump’s tweet suggested he is refusing to yield to U.S. business interests and foreign trading partners alarmed at the prospect…
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Lagos State Govt. shuts 20 hotels, events centres for evading tax
The Lagos State Internal Revenue Service has shut 20 hotels, restaurants and event centres for tax evasion. The Director of Legal Services of the LIRS, Mr Seyi Alade, made the disclosure in an interview with the News Agency of Nigeria on the sidelines of a tax law enforcement exercise, conducted in Lagos on Tuesday. Alade…
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Municipality insists Churches must pay off $187m tax debts
The Jerusalem Municipality intends to recover 650 million shekels (almost 187 million dollars) from Christian denominations as taxes for their real estate located in the city, Mayor Nir Barkat has said. “The debts for commercial space owned by churches exceed 650 million shekels. “We will no longer demand that the citizens of Jerusalem bear this…
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El-Rufai, Adeosun meet Kaduna business leaders, tax payers
Executive Governor of Kaduna State, Mallam Nasir el-Rufai and the Honourable Minister of Finance, Mrs. Kemi Adeosun, will on Thursday, March 1, meet with business leaders, business owners and tax payers in Kaduna over the Voluntary Assets and Income Declaration Scheme (VAIDS). The Kaduna State Government is hosting the VAIDS Stakeholders’ Symposium, which is expected…
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Gov. Ambode orders payment of taxes, levies through banks from March 1
Gov. Akinwunmi Ambode of Lagos State on Monday directed that all taxes and levies due to the state government should now be paid through the banks and online banking platforms from March 1. Ambode gave the directive shortly after paying his personal Land Use Charge at the Guaranty Trust Bank (GTB) in Opebi area of…
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FG gets global support against tax evasion
The Federal Government has secured a global commitment to fight tax evasion through having access to the financial accounts of Nigerians outside the country. Head, Organisation for Economic Cooperation and Development (OECD) Global Forum on Exchange of Information, Ms Monica Bhatia, stated this following a meeting with Nigeria’s Minister of Finance Kemi Adeosun. The meeting…