MultiChoice Ordered to Make R33 billion Billion Nigeria Tax Payment

Gordon_R

Honorary Master
Joined
Jul 5, 2009
Messages
18,285
Didn't they learn from the last company to be held hostage by the tax authorities? MTN?

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randomcat

Expert Member
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Dec 15, 2018
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1,998
How much is a billion billion?
artworks-000317953539-7z4b59-t500x500.jpg
 

gboy

Expert Member
Joined
Dec 27, 2005
Messages
1,606
Oh it's MultiChoice...my heart beats lumpy custard for them.

Maybe they will have to raise the prices again, if they just drop the crap they show, they will free up more satellite bandwidth, and broadcast in proper quality, stuff that subscribers will pay for.
 

Little Mac

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Joined
Jul 18, 2008
Messages
53,509
Nigerian government are serials at this. Crude oil prices down from 2012 and their inability to collect taxes means they are desperate.
 

AfricanTech

Honorary Master
Joined
Mar 19, 2010
Messages
37,107
R33 billion :ROFL: :ROFL: :ROFL:

That's some shakedown given that they didn't even make that number in Revenue in 2020

With a revenue of around 27bn and profit of around 2.7bn I'd like to see how they expect a 'fine' like that to be paid.
 

ToxicBunny

Oi! Leave me out of this...
Joined
Apr 8, 2006
Messages
98,705
Bwahahaha... Least we know roughly what the hole in Nigerias budget is..
 
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TelkomUseless

Honorary Master
Joined
Mar 13, 2006
Messages
11,352
Do business in dodgy countries, then pay their dodgy taxes...
They wanted those millions of nigerians money.. now nigeria government wants their cut.

edit: I wonder.. MC paid the bribes (normal africa tax) to get in there ... did the government get greedy ?
 
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