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CSEA Urges FG On Review Of MTFF 2020-2024 Key Parameters

The Centre for the Study of Economies of Africa (CSEA), a research firm committed to evidence=based researches on Africa’s economic trends, has advised the Nigerian government to consider the option of reviewing the key parameters of the Medium-Term Fiscal Framework (MTFF) for 2022-2024 in view of historical and latest micro and macroeconomic realities in the […]

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Trump In Trouble, As Justice Dept Orders Release Of Tax Records

Former President Donald Trump suffered major setbacks on Friday in his battle against prosecution over fiscal crimes when the Department of Justice (DOJ) ordered the release his tax records and disclosed a memo he wrote last year directing top officials to falsely claim his election defeat was “corrupt.” Specifically, the DOJ ruled that the income […]

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President Buhari Signs N982.7Bn Supplementary Budget Bill

President Muhammadu Buhari on Monday signed the 2021 Supplementary Appropriation Bill into law barely few weeks after its passage by the National Assembly. The Federal Executive Council (FEC) had about a month ago approved a draft supplementary budget of N895,842,462,917 for the year 2021. Briefing journalists at the State House on the signing of the […]

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South Korea To Toughen Crackdown On Cryptocurrency Tax Evaders

South Korea on Monday indicated its intention to toughen a crackdown on tax evasion by cryptocurrency investors and high-income earners in the government’s renewed drive to boost the country’s revenue as President Moon Jae-in intensifies efforts to expand the tax base to fund increased welfare spending. Under the new drive, the government proposes revising tax […]

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SARS Customs Team Releases Contingency Plan For Trade Facilitation

The South African Revenue Service (SARS) Customs Team at the weekend announced the development of a contingency plan to facilitate trade and to support Transnet. The Plan is an interim measure to ensure release of import and export cargo from and to TNPA and TPT has been implemented by SARS and Transnet SOC Ltd with […]

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Court Restrains Union From Industrial Action, Picketing FIRS Offices

The National Industrial Court, Abuja Division, has restrained the Nigeria Civil Service Union (NCSU) from picketing the offices of the Federal Inland Revenue Service (FIRS), nationwide. A statement issued by the Director, Communications and Liaison Department, FIRS, Dr. Abdullahi Ahmad, indicated that the court order of interim injunction was given by Justice Olufunke Y. Anuwe […]

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Public Protests Trail Colombian Govt’s Tax Reform Plan

Colombians in their thousands returned to the streets on Tuesday to protest against President Ivan Duque government’s new tax reform plan to Congress. It would be recalled that tax reform was the issue that in April sparked mass nationwide protests that left more than 60 people dead and the government was accused of using excessive […]

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TUC Cautions FG Over Rising Public Debt Stock

Trade Union Congress (TUC) has warned the Federal Government against increasing the nation’s indebtedness to unmanageable level, saying that excessive borrowing has negative wealth transfer implications for millions of Nigerians. The union gave the warning in a Sallah message jointly signed by its National President, Mr. Quadri Olaleye and the Secretary General, Mr. Musa-Lawal Ozigi. […]

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ActionAid Supports FG’s Non-Endorsement Of OECD Tax Deal

ActionAid Nigeria (AAN) at the weekend expressed its support for the Nigerian government’s reluctance to sign the Organisation for Economic Co-operation and Development (OECD) tax deal in view of its lopsided provisions that it observed were not in favour of developing economies. The Country Director of the civil society organisation, Ene Obi, in a statement […]

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EU Mulls World’s First Carbon Border Tax For Cement, Other Goods

The European Commission on Wednesday initiated plans for the world’s first carbon border tax on imports of carbon-intensive steel, cement, fertilizers, aluminium, and electricity, as part of a programme to meet its new climate target. According to the commission, the border levy, which is designed to protect European industries from competitors abroad whose manufacturers can […]