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- RA-GAP - Tax Gap Analysis
- Sales Tax Gap Study
- Tax noncompliance
- Will creative incentives improve compliance?
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RA-GAP - Tax Gap Analysis
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Business news: In pictures Show all In a card sent to Amazon CEO Jeff Bezos on the company's 25th birthday, Labour leader Jeremy Corbyn writes: "You owe the British people millions in taxes that pay for the public services that we all rely on. Please pay your fair share".
Sales Tax Gap Study
The government has announced that it would slash almost all tariffs in the event of a no-deal Brexit. Notable exceptions include cars and meat, which will see tariffs in place to protect British farmers. NatWest is trialling a new bank card that will allow people to touch their hand to the card when paying rather than typing in a PIN number.
The card will work by recognising the user's fingerprint. A cafe chain is a new venture for the global soft drinks giant. A funeral procession for payday loans was held in London on September 2.
The future of pay day lenders is in doubt after Wonga, Britain's biggest, went into administration on August Elon Musk has concluded that Tesla will remain public. Investors and company directors were angry at Musk for tweeting unexpectedly that he was considering taking Tesla private and share prices had taken a tumble in the following weeks.
However, the company isn't issuing shares, but rather, shares held by Spotify's private investors will be sold. The deadline to award a contract to make blue British passports after Brexit has been extended by two weeks following a request by bidder De La Rue. The British firm said Gemalto was chosen only because it undercut the competition, but the UK company also admitted that it was not the cheapest choice in the tendering process. Flybe said it cancelled flights in the three months to 31 March, compared to in the same period last year.
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Loading comments As plausible as the above measures may seem, driving compliance through these incentives will come with challenges in Nigeria. There is need for proper re-orientation geared towards attitudinal change of taxpayers. Enabling environment must be created to positively position the tax system. Strong political will is required to ensure that the system treats every taxpayer equally and fairly.
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The government and its revenue collection agencies must continue to display transparency in the collection and utilization of taxes. Cutting off that help will not increase compliance. Seye is a legal and chartered tax practitioner. He is an alumnus of University of Dundee UK.
Will creative incentives improve compliance?
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