Nigeria Opts Out of Global Tax Deal
Apr 20, 2022 ·
59s
Download and listen anywhere
Download your favorite episodes and enjoy them, wherever you are! Sign up or log in now to access offline listening.
Description
Nigeria has opted out of a global tax deal negotiated under the Organisation of Economic Cooperation and Development G20 Inclusive Framework on Base Erosion and Profit Shifting. The OECD estimates...
show more
Nigeria has opted out of a global tax deal negotiated under the Organisation of Economic Cooperation and Development G20 Inclusive Framework on Base Erosion and Profit Shifting.
The OECD estimates that countries lose $100-$240 billion worth of revenue annually to BEPS practices, which is the equivalent to 4-10 per cent of the global corporate income tax revenue.
The Global Financial Integrity stated that the framework represents a group of countries and jurisdictions working together to address systemic issues within the global taxation system that cause an inequitable distribution of tax revenues among countries and jurisdictions.
show less
The OECD estimates that countries lose $100-$240 billion worth of revenue annually to BEPS practices, which is the equivalent to 4-10 per cent of the global corporate income tax revenue.
The Global Financial Integrity stated that the framework represents a group of countries and jurisdictions working together to address systemic issues within the global taxation system that cause an inequitable distribution of tax revenues among countries and jurisdictions.
Information
Author | Africa Business Radio |
Organization | Africa Business Radio |
Website | - |
Tags |
Copyright 2024 - Spreaker Inc. an iHeartMedia Company