Nigeria Ratifies Treaties to Curb Tax Evasion by Multinationals
Nigeria reportedly lost about U.S.$1 trillion last year to tax evasion, and U.S.$178 billion to illicit financial flows in the last 10 years. The government said to address the problem, it would soon start to compel multinational companies operating in Nigeria to provide regular reports on their operations in other countries.
Guardian, 15 June 2017
The Nigerian Government is said to have received the sum of $3.7 billion in taxes and royalties, from Anglo-Dutch Shell Group. Read more »
Premium Times, 14 June 2017
The Federal Government lost about $1trillion last year to tax evasion and avoidance by multinationals, acting President Yemi Osinbajo has said. Read more »
Premium Times, 15 June 2017
Nigeria has ratified multilateral conventions on tax related treaties to end profit shifting and tax evasion by multinational companies. Read more »