Tax - 234Post.com

Jeff Bezos to pay $5bn under wealth tax? In a bid to accelerate wealth gap.

March 3, 2021March 3, 2021 AOOMS

KEYPOINTS • Jeff Bezos would owe $5.7 billion in taxes for 2020 under the Ultra-Millionaire Tax Act proposed by a group of Senate and House Democrats and independent Sen. Bernie Sanders on Monday. • The tax would be a 2% annual levy on wealth over $50 million and 3% on wealth over $1 billion. • Elon Musk would owe $4.6 billion in 2020 and would still have a fortune of over $148 billion at the end of the year. • Bill Gates would have to pay $3.6 billion for 2020,…

INFORMATIVE: CITN seeks review of tax incentives

December 26, 2020December 26, 2020 AOOMS

The Chartered Institute of Taxation of Nigeria, (CITN) has advised the federal government to consider a more holistic review of tax incentives regime in the country.

Boko Haram No Longer Collect Tax From Nigerians – Lai Mohammed

December 4, 2020December 4, 2020 AOOMS

Nigeria’s Minister of Information and Culture, Lai Mohammed has said the Boko Haram terrorist group no longer occupies any part of the country and hence they no longer receive tax from citizens.The Minister stated this on Thursday, December 3 during an interaction with the Newspaper Proprietors Association of Nigerian, NPAN in Lagos State.

Imposing Tax on bread is nefarious – Kogi Govt.

November 16, 2020November 16, 2020 AOOMS

The Governor of Kogi State, Alhaji Yahaya Bello, has dissociated from report that his administration has imposed a tax on individual loaf of bread to be paid by bakeries and bread sellers in the state.