Business
Tax Harmonization ‘Il Attrack Foreign Investors – NGO
The Managing Director/
Chief Executive of Tetra foundations, Dr. Faith Eme, has urged the Federal and State governments to work towards tax harmonisation to enable the country to attract more foreign investors.
Eme who said this in a chat with The Tide in Port Harcourt, noted the need for government to avoid tax duplication from different quarters which scares investors.
The Tetra Chief executive stressed that “government should clearly define the structures, processes and mechanism of tax payment”, adding tax revenue duplication should be totally eradicated to prevent companies from shifting base.
Tetra which is a subsidiary of Goje Africa called on the government not to make taxation impossible so that people will not run away from paying it.
“Tax should be affordable, mode of payment should be clearly spelt out and the place of payment should be clearly defined:, she said, adding that the major problem we have in the state is tax harmonisation.
She noted that the NGO has been in serious campaign on how to attract investors to the country, stating opportunities abound for business in Nigeria and Rivers State in particular.
She expressed concern over the people and business that rob government of their taxation adding “when you don’t pay tax it ties the hands of government and also hinders growth and development.
“Tax payment is our civil responsibility and this is what government uses to provide the basic amenities and infrastructural development.
Lilian Peters
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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