He said the proposed laws would also widen the tax net and base in the country
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“We will no longer have the perennial problem of multiple taxation, as everything will now be unified rather than different entities collecting taxes. Nigeria is getting only six per cent of tax from commercial activities compared to South Africa, which is 22 per cent. The new reform will help to increase the tax base.”Support journalism driven by facts, created by Nigerians for Nigerians. Our thorough, researched reporting relies on the support of readers like you.
The data showed that by October, currency outside banks had reached N4.29 trillion, making up 94.3 per cent of the total N4.55 trillion in circulation. “What is in existence in the North is the poverty of the mind, most especially on the part of the leaders who are unable to look inward before now. During the time of Ahmadu Bello and Tafawa Balewa, the North was a predominantly productive region, but since then, things have gone haywire.
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