The Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr. Tunde Fowler, has said that Nigeria loses about $15 billion dollars to tax evasion annually. Fowler, who gave this figure at a meeting of tax experts in Abuja organized to chart ways to combat offshore tax evasion through exchange of information regime, said that […]
Tag: Multilateral Competent Authority Agreement (MCAA)
FG Targets CRS’ Implementation To Curb Tax Evasion
Determined to plug further all forms of loopholes in the nation’s tax administration system, the Federal Government is now working on modalities to implement the Common Reporting Standards (CRS) in the banking sector.