FIRS Hosts Conference to Combat Tax Evasion and Illicit Financial Flows

The Federal Inland Revenue Service (FIRS) will hold a two-day conference on July 22-23, 2025, in Abuja, to address tax evasion and illicit financial flows (IFFs). The conference aims to devise solutions for enhancing revenue collection and curbing IFFs, particularly from multinational corporations. The event will bring together policymakers, tax administrators, law enforcement agencies, and international experts to discuss strategies for combating tax evasion and IFFs.

*Conference Objectives:*

– *Combating Tax Evasion*: The conference will focus on combating tax evasion and IFFs, highlighting the need for effective tax administration and cooperation between governments and multinational corporations.
– *Enhancing Revenue Collection*: The conference aims to devise solutions for enhancing revenue collection, ensuring that governments have the resources needed to fund public services and infrastructure.
– *Curbing IFFs*: The conference will also focus on curbing IFFs, particularly from multinational corporations, to ensure that taxes are paid fairly and transparently.

Importance of Addressing Tax Evasion and IFFs
Addressing tax evasion and IFFs is crucial for promoting economic growth and development in Nigeria. Tax evasion and IFFs deprive the government of much-needed revenue, undermining its ability to provide essential public services and infrastructure. The conference will provide a platform for stakeholders to discuss strategies for combating tax evasion and IFFs, and to identify opportunities for enhancing revenue collection.

Expected Outcomes
The conference is expected to achieve several outcomes, including:
– *Improved Tax Administration*: The conference will provide an opportunity for tax administrators to share best practices and strategies for improving tax administration.
– *Enhanced Cooperation*: The conference will foster cooperation between governments, multinational corporations, and other stakeholders to combat tax evasion and IFFs.
– *Increased Revenue Collection*: The conference aims to identify strategies for enhancing revenue collection, ensuring that governments have the resources needed to fund public services and infrastructure.