IWD: ActionAid calls on FG to engage in ‘progressive and transformative’ tax policies vanguardngr.com vanguardnews
Lokoja – ActionAid Nigeria, a social justice non-governmental organisation working to combat poverty in Nigeria has called on the Federal Government to put policies and systems in place to stop tax abuses by multinational corporations and Illicit Financial Flows.
The Country Director of the organisation, Mrs. Ene Obi who stated this on Thursday said: “Multinational corporations are systematically avoiding and evading taxes, by abusing weaknesses within the national tax system and these abuses comprise a large part of Illicit Financial Flows, IFFs, resulting in hundreds of billions of Naira in lost public revenues every year.
“However, instead of improving legislation and regulations, the Nigerian government is conceding more and more tax giveaways in the form of tax exemptions and incentives, as well as scaling back regulations with the alleged intention of attracting investment. At the same time, government is introducing copious austerity measures and increasing the tax burdens on the poor, particularly on women, which is in turn aggravating the precarious social situation of women in Nigeria.
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