The country is losing billions of naira in revenue annually as a result of the various tax and double taxation treaties it signed with advanced nations, multinational corporations and high net worth individuals, ActionAid Nigeria and labour unions have said.
To put an end to this, the Nigeria Labour Congress, Trade Union Congress of Nigeria and ActionAid have urged the Federal Government to immediately commence the review of all taxation treaties signed with different nations and multinational companies operating within and outside Nigeria.
They spoke in Abuja on Wednesday during the West African summit of Civil Society Organisations, labour and tax experts on double taxation treaties. The theme of the event was: ‘Rethinking double taxation treaties: A call for review of West African extravagant waivers’.Click here for more detail
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