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