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MTN Fined $160m In Cameroon for tax evasion - Business - Nairaland

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MTN Fined $160m In Cameroon for tax evasion by Gbenge77(m): 10:11am On Jan 22, 2016
The local units of mobile telecom
companies, Orange and MTN in
Cameroon, have been fined over $160
million for failing to pay taxes on
games and gambling services, the
Central African nation's corruption
board said, on Wednesday.
A wide-reaching probe into the sector
led to fines totaling $283 million, and
found other companies, including
Camtel and Viettel, were also in
violation of regulations.
The amount paid by each company was
not clear and the companies were not
immediately available for comment,
according to Reuters.
In the report written by the anti-
corruption commission, known as
CONAC, MTN and Orange were also
accused of not paying taxes on their
money transfer system, known as
Mobile Money.
The report is another blow for MTN,
which is already contesting a $3.9
billion fine in Nigeria for failing to
disconnect users with unregistered SIM
cards.
Unregistered SIM cards can be used for
criminal activity - a growing concern in
Nigeria facing the threat of militant
Islamist group Boko Haram.
MTN successfully lobbied to get the fine
reduced from $5.2 billion in December. Source:www.odili.net/news/source/2016/jan/21/623.html
Re: MTN Fined $160m In Cameroon for tax evasion by henriettanenye(f): 10:12am On Jan 22, 2016
MTN, should I say that this fits you
let me not say Shaaaa...
Re: MTN Fined $160m In Cameroon for tax evasion by bigiyaro(m): 10:15am On Jan 22, 2016
Gud! Dis multinationals do business in other countries in ways dey can't even try in dia own country.
Re: MTN Fined $160m In Cameroon for tax evasion by Nobody: 10:16am On Jan 22, 2016
End time mtn..



D end time ministry is bk.


Every ban was a hit back to back n thun******der will strike that end time admin that banned me...

He/she will never live to see 2017.
Re: MTN Fined $160m In Cameroon for tax evasion by Nobody: 10:16am On Jan 22, 2016
mama nkechi com see o Nemesis is catching up wit mtn.... Afteral I ws cheated severally...I cudnt do much...


LoL

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