Taxes

Abuja chamber welcomes FCT tax harmonisation

Abuja Chamber of Commerce and Industry (ACCI) has welcomed the plan by the Minister of the Federal Capital Territory (FCT), Alhaji Muhammad Bello to harmonise tax policies within the territory in order end multiple taxations on by businesses in the territory. The President of ACCI, Alhaji Abubakar, in a statement yesterday, commended the minister for acknowledging the challenges faced by businesses within the territory due to series of levies, charges and taxes from Federal, FCTA and Area Councils. “Multiple taxations within the FCT and the larger national economy has imposed crippling consequences on businesses. “The fallout has been many failed businesses, the rising level of inflation, the non-thriving of existing ones and the lack of capacity to engage many unemployed youths. “We want ...

PDP sets agenda for Lagos governor in 2021

The Lagos State Chapter of Peoples Democratic Party has advised Gov. Babajide Sanwo-Olu to strive hard to provide satisfactory dividends of democracy to residents of the state in 2021. The state PDP Publicity Secretary, Taofik Gani, said this in an interview with the News Agency of Nigeria in Lagos, while assessing Sanwo-Olu’s performance in 2020. “As a constructive opposition party, the year 2020 was not satisfactory in terms of dividends of democracy to Lagos residents. “Most of the local council chairmen performed below average, Sanwo-Olu should look into that because the chairmen are putting too much pain on the people due to their abdication of duties. “We are indeed very anxious to take over government as an opposition party in Lagos,” Gani said. According to him, the party shared wi...

Hunter Biden’s Taxes Under Investigation, Outgoing President Donald Trump Reacts

Source: Handout / Getty President Donald Trump has revived one of his many targets in stating his case that the presidential election was rigged in Hunter Biden. The son of President-Elect Joe Biden announced that he’s under federal investigation for taxes, prompting an expected response from Trump who believes it could have aided his claims that the election was rigged. In a statement, Hunter Biden, 50, offered a statement regarding the U.S. Attorney’s Office of Delaware’s intentions to investigate his tax affairs. “I take this matter very seriously but I am confident that a professional and objective review of these matters will demonstrate that I handled my affairs legally and appropriately, including with the benefit of professional tax advisors,” the statement read. The Office of the ...

Akwa Ibom Assembly passes N456.25 billion Appropriation Bill

The Akwa Ibom State House of Assembly Tuesday passed into Law the state appropriation bill of N456.25billion for the 2021 fiscal year. The 2021 appropriation bill is broken down to of N164.52billion Recurrent expenditure, N241.45billion Capital Expenditure and N50.3billion for Consolidated Revenue Fund Charges. This is against the N435.65billion proposed by the governor, Mr Udom Emmanuel to the House of Assembly in the month of October. The bill was passed after the adoption of the report of the House Committee on Finance and Appropriation Committee, presented by the Chairman, Mr Uduak Odudoh, during Tuesday plenary. Odudoh explained that Ministries Departments and Agencies (MDAs), Non-Governmental Organisations and other relevant publics participated in the budget process before its passa...

SEC: Governments can unlock potentials by privatisation

The Securities and Exchange Commission, SEC, has stated that the Federal and State Governments have the capabilities to unlock enormous potentials through privatisation. The post SEC: Governments can unlock potentials by privatisation appeared first on TODAY. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.

Aww Damn: Black Billionaire Who Promised To Pay Tuition Debt of Morehouse Students Admits To Tax Fraud

Source: Paras Griffin / Getty Robert Smith, the Black billionaire who promised to pay the student loan debt of Morehouse College graduates in 2019, is in deep trouble with the Internal Revenue Service. According to the Department of Justice, Smith used third party accounts to conceal his income and commit tax evasion from 2000 to 2015. The DOJ stated that Smith, who is the CEO of Vista Equity Partners, intentionally did not report over $200 million of partnership income. The shocking revelation came after Smith, who is a billionaire and the richest Black man in America, recently entered into a non-prosecution agreement (NPA) with the Department of Justice and the Internal Revenue Service, agreeing to cooperate with federal investigators and pay nearly $140 million in taxes and penalties. T...