Osinbajo said the Federal Government will utilize its legal provisions to collect taxes on profits made in the country by global technology and digital firms not based in the country, but with significant economic presence.
The statement reads partly: “While the Federal Government will not be raising tax rates at this time, based on the Finance Act 2019, it is already empowered to widen the tax net, including by collecting taxes on the Nigerian income of global tech giants with significant economic presence here, even if they have not established an office or permanent establishment and are currently not paying taxes in Nigeria.
“We have had severe economic downturns which of course implies that we may not be able to collect taxes with the aggressiveness that would ordinarily be expected.
God is beginning to punish this pastor for embezzling church offering
I don't like seeing this man osibanjo...he such a disgrace to Christians....
Probably bcos they don't have offices here and not fronted by any of the corrupt politicians...... What has Govt done to regulate the high dstv/multichoice tarrif.... Nothing!!!.. Bcos someone in Govt is a beneficiary.
All these arbitrary government policies which reduces the ease of doing business coupled with the fact that some of these services rendered are better than what the government has on offer for the people. Tax the business who pay less and stop taxing what we pay for indirectly.
clueless govt, borrowing and increment is all they know
Oga Osinbajo are you still the VP of Nigeria? Why is it that when they propose a dirty job they push you to go and do it? Why can't you say no to them for the first time? You are a Professor and see how these members of Cabal are dribbling you. How great is the mighty fallen.
A silly exercise geared towards impoverishing the masses. 😠
Thick as thieves, this government.
U no de shame, fake pastor
A professor suppose to know better, if Google, Facebook, Twitter, Instagram, WhatsApp and other big tech decides to block Nigeria who will suffer?
U bi mumu
Talking trash..empty brain.
Why always calling it Bihari government osinbajo are you guys not working together? I guess something is wrong🤔
How do you see them? Physically? Or on our phones? How stupid?
Must you lie? Must you twist facts? The statement reads partly: “While the FG will not be raising tax rates at this time, based on the Finance Act 2019, it is already empowered to widen the tax net, including by collecting taxes on the Nigerian income of global tech giants with.
Dont forget to add that they will also borrow money from any tech company willing to lend them.
Government of slavery, imposition of heavy taxes, desecration of human lives, nepotism and vampirism.