Nigeria Abstains from Global Tax Ordinance

#1 · July 5, 2021, 4:17 PM

Trans-Atlantic Trade War Looms As The US Backs Out of Negotiation With The EU on Digital Tax - Tekedia

We will be waiting to know why Nigeria did not sign up for this: "Nigeria abstained from signing a global tax deal signed by about 130 countries in the world. Leading economies in the world agreed to force a global minimum corporate tax rate of 15% on multinationals in a landmark deal that was led by the Organisation for Economic Co-operation and Development (OECD). The negotiations were held in Paris, France. The deal is targeted at big tech companies who often exploit tax loopholes and tax havens to avoid paying taxes. However, this deal is expected to generate about $100 billion in taxes annually.

#2 · July 6, 2021, 12:08 AM

Well, in October 2020 whilst we battled endSars, ActionAid a non-profit made a publication that Nigeria amongst other was losing out on Big cash. The total fortune which estimate around $2.8 billion could have help the cheat countries handle the pandemic successfully.

Come Dec., I should be with other policy makers at Africa Economic Conference as we look into, "Financing Africa's post-Covid Development". One of the thing I want to see play out is policy makers thought on how to get their share of Global Tech firm.

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They have benefited from wavers and other things, so, it's not to much to ask of them to remit the needed to Nation they make their profit from.

Good Morning.

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Nigeria Abstains from Global Tax Ordinance

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