The Speaker disclosed this, yesterday, while inaugurating an ad hoc committee to investigate alleged abuse of tax incentives, tax breaks, and tax waivers by public institutions and companies.
He described tax incentives as an essential tool of governments to promote economic growth, attract investments, and stimulate job creation, stressing it is important to ensure incentives by the government are not misused or abused. “In carrying out this investigation, the committee is required to thoroughly investigate these allegations and provide recommendations for necessary sanctions and reforms; and endeavour to find out whether beneficiaries of these tax incentives have lived up to the attached conditions or fulfilled their obligations to the Nigerian people as required,” he said.
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:
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Abuse Of Tax Incentives, Waivers, Economic SabotageThe speaker of the House of Representatives, Hon Tajudeen Abbas has said the abuse of tax incentives and waivers is an act of economic sabotage which must be
Source: LeadershipNGA - 🏆 4. / 77 Read more »
Improve your constituencies, IPCR urges Taraba lawmakersThe Director General, Institute of Peace and Conflict Resolution, Joseph Ochogwu, on Wednesday called on Taraba lawmakers to raise peaceful
Source: MobilePunch - 🏆 8. / 63 Read more »
Reps will end economic sabotage, ensure transparency in tax system –- SpeakerThe speaker said abuse of tax incentives by the supposed beneficiaries and the statutory institutions meant to regulate the tax regime...
Source: PremiumTimesng - 🏆 3. / 78 Read more »
| The Guardian Nigeria News - Nigeria and World NewsThe Latest news in Nigeria and world news. The Guardian Nigeria Newspaper brings you the latest headlines, opinions, political news, business reports and international news.
Source: GuardianNigeria - 🏆 1. / 94 Read more »
| The Guardian Nigeria News - Nigeria and World NewsThe Latest news in Nigeria and world news. The Guardian Nigeria Newspaper brings you the latest headlines, opinions, political news, business reports and international news.
Source: GuardianNigeria - 🏆 1. / 94 Read more »
| The Guardian Nigeria News - Nigeria and World NewsThe Latest news in Nigeria and world news. The Guardian Nigeria Newspaper brings you the latest headlines, opinions, political news, business reports and international news.
Source: GuardianNigeria - 🏆 1. / 94 Read more »