The Executive Chairman of the Federal Inland Revenue Service (FIRS), Muhammad Nami has called on the United Nations and the international tax community to forge an inclusive, equitable, fair and universally-beneficial international tax system towards the attainment of the 2030 Sustainable Development Goals (SDGs).
He made this call while delivering Nigeria’s statement at the Economic and Social Council (ECOSOC) Special Meeting on International Cooperation in Tax Matters, at the United Nations Headquarters, New York.
Mr. Nami said the Nigerian delegation was concerned about the global minimum tax as put forward by the OECD Inclusive Framework because of its low rate and the process of negotiation to benefit the home countries of multinationals.
The head of Nigeria’s apex tax authority, according to a statement issued by the Special Assistant to the Executive Chairman, FIRS (Media and Communication) Johannes Oluwatobi Wojuola, urged the meeting to discuss how “a UN instrument on tax cooperation can both build on work that has already been done in a way that guarantees fairness and equity.”
He also said Nigeria looked forward to views on “enforcement mechanisms for a binding multilateral tax convention, noting the challenges that developing and developed countries have experienced with investment treaty arbitration”.