Intresting discussion at our November 2012 training, Transfer Pricing in Nigeria: the New Reality (see presentation at www.templars-law.com), inspired this piece. Two recent items also contributed : Messrs Osborne and Moscovici’s (English & French Finance Ministers’) letter that multinationals pay their fair share of taxes and Global Financial Integrity’s December 2012 report, Illicit Financial Flows from Developing Countries: 2001-2010(http://iff.gfintegrity.org/iff2012report.html) placing Nigeria 7th of global listing of illicit outflows, with TP a major contributor to her US$129 billion figure.
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