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August 28, 2008



Audit: NEITI Records N71bn Tax Underpayment by Oil Companies

The audit inquiry commissioned by Nigeria Extractive Industry Transparency Initiative (NEITI) to understudy the operations of the country's oil and gas industry from 1999 - 2004, has posted a report, which charged 11 oil companies of tax underpayment amounting to $509,698m (about N71.36bn) and accused the Nigerian National Petroleum Corporation (NNPC) of inability to account for domestic crude

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Fed's Chief Gives Consumption Tax Cautious Backing

WASHINGTON, March 3 - Alan Greenspan, the Federal Reserve chairman, cautiously endorsed a shift in the nation's tax system on Thursday from one that primarily taxes what people earn to one that taxes what they spend.

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Nassau tax assessor warns of STAR rebate scam

Homeowners should beware of scammers who may try to pry personal information from them by claiming it's needed to process their STAR property tax rebate check, Nassau County's tax assessor said Thursday.

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