- Nigerian Tribune.
The Securities and Exchange Commission (SEC) is seeking tax incentives as a bailout option for the current crisis in the capital market.
Director General of SEC, Mr. Musa Al-Faki, disclosed this on Thursday in Abuja at a roundtable on Tax Incentives and Waivers in the Nigerian capital market.
According to him, tax incentive as a fiscal policy adopted by government was to grant individuals or corporations exemption from, or reduction in, their tax liabilities with a view to increasing savings and investments in particular markets or sectors of the economy.
Noting that various incentives were granted to the industrial, energy, tourism, telecommunications and export sectors, the SEC DG regretted that not much had been extended to the capital market in spite of its long recognised role of aiding economic growth and development.
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