Tax inspectors in the south-eastern city of Calabar recently carried out a daring raid on the city’s locations of alleged ill-repute. Over 100 women were rounded up as tax inspectors claimed that they had evaded tax payment in 1973/74. Clients were reported to have jumped out of windows as officials forced their way into rooms, and some reputed brothels bolted their doors. But the tax collectors remained upbeat. One Mr Umoren said: ‘The women might resist at first, but they will eventually pay up with pride.’ The question now facing Taking Stock is whether all prostitutes pay their taxes with pride. We shall of course be unstinting in our efforts to uncover the truth.
Andrew Tyrie airs views on the Finance Bill, 'Making Tax Policy Better' report, and Brexit
In our latest managing partner Q&A looking towards 2017, CVR Global's Richard Toone talks about recruitment, and the potential threat of competition from the legal sector, as key issues for the firm in the coming year
Deloitte to avoid tendering for government contracts over the next six months, to appease Theresa May following consultant's report that painted a less-than-flattering picture of Brexit plans
In our first Q&A looking towards 2017, Menzies senior partner Julie Adams flags up increasing digitisation, aligned with more hands-on consultative services, as the key mix for her practice