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Tax Race Has Taken Over Arms Race Across The World – FIRS Boss, Nami

Tax Race Has Taken Over Arms Race Across The World – FIRS Boss, Nami

Economy
The Executive Chairman of the Federal Inland Revenue Service (FIRS), Muhammad Nami, has said that tax race has now overtaken arms race amongst the nations of the world. “The well-known arms race among nations is gradually giving way to tax-race.  The international struggle for, and against digital services tax is just the beginning of the tax race.  It is a race for all nations – developed or developing.  And for Nigeria, it is a must-win race.” Nami, who spoke today, January 21, at the First Annual National Tax Dialogue organized by the FIRS at the Presidential Villa, Abuja, said that the universal collapse of traditional government revenue sources and the consequential resort to tax is a testimony to the tax race that is merging. He stressed that the FIRS would match on to d...