Tax evasion by multinational firms doing business in Nigeria may have cost the government $178 billion between 2007 and 2017, Executive Chairman, Federal Inland Revenue Service (FIRS), Muhammad Nami, said in Abuja. Though he refrained from giving identities of multinationals evading taxes in Nigeria, Nami said that some multinational corporations were “leading in tax compliance in various sectors.” He expressed worries that “many rich multinational corporations do not pay the right taxes due from them, let alone pay their taxes voluntarily.” The FIRS boss spoke at a “workshop on…
Read MoreNigeria’s loss to tax evasion by Multinationals hits $178bn In 10 Years
