{"id":68532,"date":"2019-08-20T05:09:25","date_gmt":"2019-08-20T04:09:25","guid":{"rendered":"http:\/\/pointblanknews.com\/pbn\/?p=68532"},"modified":"2019-08-20T05:09:25","modified_gmt":"2019-08-20T04:09:25","slug":"firs-boss-fowler-not-under-investigation-presidency","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/news\/firs-boss-fowler-not-under-investigation-presidency\/","title":{"rendered":"FIRS BOSS, FOWLER, NOT UNDER INVESTIGATION-PRESIDENCY"},"content":{"rendered":"<div id=\"m42927399671640517\" class=\"mail-message expanded\">\n<div class=\"mail-message-header spacer\">\u00a0Nigerian Presidency clarifies Monday that Federal Inland Revenue<\/div>\n<div class=\"mail-message-content collapsible zoom-normal mail-show-images \">\n<div class=\"clear\">Service chair, Babatunde Fowler is not being investigated, following a<br \/>\nquery issue by the Chief of Staff to the President, Abba Kyari, asking<br \/>\nFowler to explain revenue shortfalls in three year period.<\/p>\n<p>Spokesperson for President Muhammadu Buhari on Garba Shehu, confirmed in<br \/>\na signed statement that Fowler is being asked to explain the tax<br \/>\nagency\u2019s failure to meet its collection targets since 2015, because \u201cit<br \/>\nwould appear that the country might be heading for a fiscal crisis if<br \/>\nurgent steps are not taken to halt the negative trends in target setting<br \/>\nand target realization in tax revenue.\u201d<\/p>\n<p>Garba\u2019s statement indicates that that presidency is worried that<br \/>\n\u201cprojected revenue of government falls behind recurrent expenditure even<br \/>\nwithout having factored in capital expenditure\u201d and therefore seeks ways<br \/>\nto increase revenue.<\/p>\n<p>It will be recalled that Nigeria proposed to increase Value Added Tax<br \/>\n(VAT) by up to 50 per cent (from current 5 per cent to 7.5 per cent), a<br \/>\nmove analysts say could spike inflationary pressure in the economy.<\/p>\n<p>Additionally, Fowler in June announced that the tax agency is putting<br \/>\ntogether a plan seeking to direct banks in Nigeria to impose VAT on<br \/>\nonline transactions for purchase of goods and services.<\/p>\n<\/div>\n<\/div>\n<div class=\"mail-message-footer spacer collapsible\"><\/div>\n<\/div>\n<div id=\"conversation-footer\" class=\"spacer\"><\/div>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>\u00a0Nigerian Presidency clarifies Monday that Federal Inland Revenue Service chair, Babatunde Fowler is not being investigated, following a query issue by the Chief of Staff to the President, Abba Kyari,&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":67801,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-68532","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - 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