The federal government has a burning desire to increase its tax revenue to enable it provide critical infrastructure and stimulate economic growth in the country. For instance, Jumoke Eyitayo, who operates a shoe making business in Ikotun, Alimosho Area, Lagos State, says she does not pay tax simply because she does not know which tax to pay. “As a small business with staff strength of 12 and being in existence for the past four years, we were paying taxes in our first year in business. “The high net-worth individuals, politically exposed personalities are not paying taxes or paying peanuts, while employees are paying to the last kobo. Mr Taiwo Oyedele, Africa Tax and Legal Services Leader, Price Water Coopers, said the government needed to earn the trust of Nigerians to get more businesses into the tax net.

Source: Ethiopian News December 26, 2021 10:14 UTC