Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,038,910 members, 7,454,855 topics. Date: Thursday, 08 June 2023 at 04:02 AM

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

Nairaland Forum / Nairaland / General / Business / MTN Fined $160m In Cameroon for tax evasion (764 Views)

FG Is Getting More People To Pay Taxes By Not Punishing Them For Tax Evasion / Dangote: My Coal Mines In Kogi Worth $160m To Become Functional Within 30days / FIRS Seals Ifeanyi Ubah’s Capital Oil Company In Efforts To Curb Tax Evasion (2) (3) (4)

(1) (Reply) (Go Down)

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
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...


(1) (Reply)

Smile Modem And Data Promo / Patronizing Nigerian Products / Today's Global Business Presentation

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2023 Oluwaseun Osewa. All rights reserved. See How To Advertise. 19
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.