Amazon’s founder is America’s richest person, but the company paid no corporate income tax last year. How can that be? For starters, Jeff Bezos is rich because of the value of Amazon stock, but for years, Wall Street loved the…
Harmonized tax bill coming, says FIRS
The National Assembly may soon be required to pass a bill that will harmonize the various tax and excise law reforms. Executive Chairman of the Federal Inland Revenue Service (FIRS) Mr. Tunde Fowler gave this hint in Abuja on Tuesday…
Total Nigeria laments proliferation of taxes, declares N5.7bn dividend
Total Nigeria Plc has berated the multiple taxes imposed on corporate entities by both the federal and local governments in the country, even as it declares N5.7 billion dividend for the financial year ended December 31, 2018. Addressing shareholders at…
FIRS Plans To Raise N6tn From Petroleum Tax, VAT To Finance 2019 Budget
An analysis of the document shows that N1.7tn is expected to be earned from company income tax, while gas income, capital gains tax and stamp duty are expected to earn N685.63bn, N6.27bn, and N17.64bn, respectively, for the government. he Federal…
Senate wants FG to increase tax on luxury goods
The Senate has asked the Federal Government to consider increasing taxes on luxury goods and services to boost revenues. The Senate Committee on Finance made the recommendation on Tuesday during a plenary session. The committee also urged relevant agencies to…
Germany and France plan to introduce new tax on internet giants
France and Germany plan to issue a new proposal to tax internet giants so that they pay a “fair contribution” in every country where they earn money, French finance minister Bruno Le Maire said on Sunday. “We will unveil a…