Nigeria Could Lose Over 5 Trillion Naira In Tax Revenue If The Bill Seeking To Compel Private Companies To Become Public Entities Is Enacted Into Law

The proposed law to compel private companies to become public entities is disguised indigenisation particularly to foreign investors. The Bill, if enacted into law will not only be draconian but will also lead to significant tax revenue loss to government and certainly discourage existing and future investments in Nigeria by both domestic and foreign investors.

Read my article published yesterday in the Guardian and today in BusinessDay Newspapers. You may also download a copy of the Bill […]

By |October 17th, 2014|

Fourth Protocol To Canada-UK Treaty Eliminates Withholding Tax On Arm’s Length Interest, But Preserves Tax Exemption For Gains On Disposition Of Shares And Interests Deriving Value From Canadian Real Property

On July 21, 2014, the governments of Canada and the United Kingdom signed the fourth protocol (Protocol) amending theConvention between the Government of Canada and the Government of the United Kingdom of Great Britain and Northern Ireland for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income and Capital Gains (Canada-UK Treaty). The Protocol amends fifteen articles of the Canada-UK Treaty and includes provisions eliminating withholding […]

By |October 17th, 2014|

Canada: BEPS 2014 Deliverables – OECD Releases First Set Of Recommendations

Canada and other members of the Organisation for Economic Co-operation and Development (OECD) and the G-20 are engaged in a project to address “base erosion and profit shifting” (BEPS) strategies used by multinational enterprises (MNEs) and are working to achieve the goals set out in the OECD’s Action Plan on Base Erosion and Profit Shifting (Action Plan), which was first announced in July 2013. The Action Plan includes 15 items to address BEPS in […]

By |October 16th, 2014|