Tackling tax leakages in the 21st Century – What lessons can Nigeria learn from the OECD (2)?

In our last edition of InsideTax publication, we explored the concepts of tax avoidance and tax evasion and the impact of tax leakages on government revenue. We also highlighted some ways through which tax evasion occurs in Nigeria.

Tackling tax leakages in the 21st Century – What lessons can Nigeria learn from the OECD?

Benjamin Franklin was apt when he said “In this world nothing can be said to be certain, except death and taxes ”. Centuries after that famous quote by the one-time American President, taxation remains a certain and consistent source of revenue for governments, albeit to varying degrees of reliance.