Looking at the huge national debts inherited by the new government, business stakeholders are advocating tax expansion rather than tax increment for the
“This is why this Symposium come up with recommendations to companies on how to manage the tax regimes, take advantage of tax incentives, embrace pioneer status and avoid taxes legitimately.”
Olawale-Cole emphasised the need for government to expand the tax-base rather than increasing the tax rate, which will have a detrimental impact on the companies’ operations and to also prepare Nigerian companies for profitability during this depressed or recessed time. He emphasised that taxes not only hold immense importance for the government but also significantly affect the operations of the manufacturing sector, especially now that most of our industries are operating in a harsh and depressed environment.
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