Nigeria to Probe Corporate Tax Breaks Worth $3 Billion a Year

A committee of Nigerian lawmakers will examine corporate tax breaks granted to local and foreign companies that cost the country an estimated $3 billion a year, said Kehinde Odeneye, who sponsored a motion debated in parliament on Tuesday.

The mandate of the committee will include investigating tax incentives with a view to reducing or abolishing those that have no economic benefits, according to the motion.

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