Tagged: tax

Ayade’s Exemption of Low Income Earners From Taxes : Illusion or Reality? – By Inyali Peter

Lucius Annaeus Seneca said "A gift consists not in what is done or given, but in the intention of the giver or doer". For the intention of Governor Ben Ayade to exempt low income earners from taxes, I say kudos to the governor. It only takes a leader with courage to harbour such intentions amidst the lean financial position of the state. Cross River state receives almost the smallest allocation from the federal government. Over the past few years, what has been the major source of revenue generation for the state has been taxation. So for the governor to think of exempting low income earners from taxes is...
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Barcelona Star Neymar Faces Two Years In Prison Over Transfer Corruption

Brazil and Barcelona star Neymar could end up in jail after Spanish prosecutors recommended that he be sent to prison for two years for his part in a corruption case over his transfer from Brazilian club Santos in 2013. Judge Jose Perals also called for a five-year sentence for former Barcelona president Sandro Rosell and a fine of 8.4million euros (£7.2m) for the club, according to the BBC. Rosell, Neymar and Neymar’s father are set to stand trial. The case is as a result of a complaint by a Brazilian company which owned 40% of Neymar’s transfer rights and complained that it was not given...
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FIRS Generates N1.8tn Tax In Six Months

The acting Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr. Sunday Ogungbesan, yesterday disclosed that the service had generated a whopping N1.842 trillion from taxes into the federation account in the first half of the year. Ogungbesan made this disclosure yesterday while briefing the Senate President, Bukola Saraki, on the performance of the agency in the last six months.He was accompanied to the meeting by members of the senior management team of the agency. However, he disclosed that the figure was a far cry from what is accruable into the nation's treasury, observing that the...
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