Multiple tax, disincentive to capital market investors — Deliotte executive

Taiwo Okunade, Partner, Financial Service Industry Group at Deloitte Tax Function, stated this at the sixth Triennial Delegates’ Conference of the Independent Shareholders’ Association of Nigeria, ISAN, in Lagos. He said that multiple tax and Value Added Tax, VAT, on commission were big disincentives for a lot of investors.

He said: “For the government to encourage investment in the capital market, then transaction cost should be as low as possible because you do not want to know that at the point of putting your money in an investment, your money might be reduced by 10 per cent that will be charged to you at that point.

“The other thing is elimination of multiple tax audits. There has got to be harmonisation of audits under the umbrella of the Joint Task Force to conduct a single audit instead of different agencies doing different tax audits.”

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Border closure, forex restriction’ll boost capital market –MinisterGhvgj I wonder what people are smoking in this country We can see the boost. 🙄
La source: MobilePunch - 🏆 8. / 63 Lire la suite »

Fire Guts Owode Onirin Market In IkoroduFire Guts Owode Onirin Market In Ikorodu. Which kind season of fire be this? What is it with this Market and Fire? Lagos markets and fire...😒
La source: channelstv - 🏆 7. / 63 Lire la suite »