Enhance Your Quote Experience

Enjoy ad-free browsing, unlimited collections, and advanced search features with Premium.

Go Premium

Support Quotewise while enjoying an ad-free experience and premium features.

View Plans
Share Your Favorite Quotes

Know a quote that's missing? Help grow our collection.

The Federal Inland Revenue Service (FIRS) is doing a great job in this regard already. It is all about data and bringing people and companies into the formal sector. Firms that operate under the radar can easily avoid tax. The government is doing basic things to expedite this process, such as scanning all business cards we receive and sending them to FIRS. If a company comes looking for payment from the government to implement a project, we check them before any money is released. At the beginning of the administration’s term, we found that some firms, such as fuel marketers, were receiving subsidies from the government but were not registered for tax. By increasing the flow of information and following up on such cases, we will quickly expand the tax base.