Business
Edo Seals UNIBEN Offices Over Tax Evasion
The Edo State Government has sealed some offices at the University of Benin, including the Office of the Vice Chancellor, over alleged tax evasion.
The Tide source reports that the offices were sealed in the early hours of Monday by officials of the Edo State Board of Internal Revenue (BIR).
The other affected offices were the Bursary, Open Registry and Senate Chamber.
The Public Relations Officer of the university, Dr Benedicta Ehanire, said that it was not true that the institution was sealed.
Ehanire said: “As you can see, I am in my office working. My boss is also in her office working. The office was not sealed.”
Some staff of the institution, who spoke on the development, said that tax deductions were made from their salaries monthly.
Speaking on the condition of anonymity, the workers wondered why the taxes were not remitted to the state government after they were deducted from their salaries.
They blamed the default in tax remittances to government on the past administration, given that the current Vice Chancellor, Prof. Lilian Salami, assumed office on December 2.
The Tide reports that when contacted, the officials of BIR, who sealed the offices, declined to give details on the action.
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Sugar Tax ‘ll Threaten Manufacturing Sector, Says CPPE
In a statement, the Chief Executive Officer, CPPE, Muda Yusuf, said while public health concerns such as diabetes and cardiovascular diseases deserve attention, imposing an additional sugar-specific tax was economically risky and poorly suited to Nigeria’s current realities of high inflation, weak consumer purchasing power and rising production costs.
According to him, manufacturers in the non-alcoholic beverage segment are already facing heavy fiscal and cost pressures.
“The proposition of a sugar-specific tax is misplaced, economically risky, and weakly supported by empirical evidence, especially when viewed against Nigeria’s prevailing structural and macroeconomic realities.
The CPPE boss noted that retail prices of many non-alcoholic beverages have risen by about 50 per cent over the past two years, even without the introduction of new taxes, further squeezing consumers.
Yusuf further expressed reservation on the effectiveness of sugar taxes in addressing the root causes of non-communicable diseases in Nigeria.
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