Tagged: tax

Another Look at Jimoh Ibrahim’s Tax Proposal, By Simbo Olorunfemi

The philosophical premise upon which his proposal rests – that you cannot tax your way out of recession – is not one, I think, that should be arbitrarily dismissed. I do think there is a need for relief and rebate at the bottom rather than thinking up draconian measures… One gets this feeling that we are more obsessed with saving Nigeria than Nigerians. Jimoh Ibrahim must be in high spirits at the moment. After all, he is the ‘Araba’ who sneaked in as an axe, into the Ondo forest of twists and turns to take down the ‘Iroko’, with the backing of the Sheriff. His tweets are like those of an...
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FIRS Sets Strategies For Increased Tax Collection In 2016

The Executive Chairman,The Federal Inland Revenue Service (FIRS) said it had set specific strategies to increase tax collection to drive its proposed targets in 2016.   Mr Tunde Fowler, Executive Chairman of the Service, stated this in a document he signed which was made available to newsmen on Wednesday in Abuja.   He said that the overall target was to ensure that Valued Added Tax (VAT) and Corporate Income Tax (CIT) became the largest contributors to tax collection in 2016. Fowler said that in ensuring that VAT and CIT contributed more, the service would also ensure that collection...
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