Multinational corporations must pay their fair share of taxes – Adeosun

The Minister of Finance, Kemi Adeosun on Friday said multinational firms must pay their fair share of taxes, while calling on G-24 countries to support Nigeria in that regard.

Adeosun said this while briefing journalists on the meeting of G-24 finance ministers and central bank governors in Washington.

She said tax evasion which has been a culture among these corporation has repeatedly led to the loss of huge amount of money yearly by Nigeria.

“We were able to make two contributions; one of it was the need for accelerated investment in infrastructure as the way out of our current situation. This is what we believe will create jobs and reduce poverty.

“Another issue that we raised was tax evasion and the fact that we need the multilateral agencies to support us.

“Yes, trade is very important, but we need the multilaterals to ensure that all multinational companies that trade in Nigeria pay their fair share of taxes and that point was well taken,” she said.

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