Nigeria Snubs Global Tax Deal in Sign It Won’t Work for All
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Nigeria is refusing to join an overhaul of the global taxation system it says is skewed to the interests of rich nations and could actually hurt the country’s tax revenues, Finance Minister Zainab Shamsuna Ahmed said.
The negotiations were not conducted on an equal footing, favored wealthy economies and created rules that are too complex for Nigeria to effectively implement, she told a panel at the World Economic Forum in Davos.