SEC seeks tax exemption on corporate bonds to boost market liquidity | The Guardian Nigeria News - Nigeria and World News

  • 📰 GuardianNigeria
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 94%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

The Securities and Exchange Commission (SEC) has urged the Federal Government to consider its proposal to exempt corporate bonds from the payment of tax.

The Director-General of SEC, Lamido Yuguda stated this at the weekend during a media parley on the outcome of the second capital market committee meeting for the year, 2022.

He said, “We observed that the world is facing high inflation and low growth. Consequently, the World Bank, the International Monetary Fund and other Economic forecasters are trimming down growth estimates with forecasts reflecting sizable downgrades to the outlook for the rest of the year and 2023. “So, I think for now, given that there are so many considerations, and considering all these factors, we feel the tax rebate should be reinstated and we have been working with the tax and fiscal authorities to advocate the return to the status quo.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SEC Seeks Tax Exemption On Corporate Bonds To Boost Market LiquidityThe director-general of SEC, Lamido Yuguda said this on Friday during a press briefing on the outcome of the second Capital Market Committee meeting for this
Source: LeadershipNGA - 🏆 4. / 77 Read more »

Stakeholders seek investment in culture to revitalise economy | The Guardian Nigeria News - Nigeria and World NewsWith the yearly celebration of the Olokun festival in the western region and Edo State, stakeholders in the sphere have called for more investment to systematically transform the movement into an economic..
Source: GuardianNigeria - 🏆 1. / 94 Read more »