Nigeria May Sue Multinationals For Tax Frauds In Home Countries
Photo Caption: Nigeria’s Minister of Finance, Mrs. Kemi Adeosun; Head of OECD Global Forum on Exchange of Information, Ms. Monica Bhatia; and Executive Chairman of the Federal Inland Revenue Service, William Babatunde Fowler, during the PCT Conference organised by the the Organisation for Economic Cooperation and Development (OECD), World Bank Group, International Monetary Fund and United Nations in New York on Thursday, 15th February, 2018. Against the backdrop of complicity by Multinational Corporations (MNCs) in tax frauds, at a time Nigeria desperately seeks to grow its ratio of tax revenue to Gross Domestic Products from the abysmal 6%, Minister of Finance, Mrs. Kemi Adeosun says the Federal Government is weighing the option of suing such companies in their home countries. Speaking at the just concluded Platform for Collaboration on Tax (PCT) conference in New York, she urged the World Bank, International Monetary Fund and the Organisation for Economic Cooperation and Dev...