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Tuesday, September 27, 2016

Amid Tax Evasion Allegations, Selig asks: “Has the Nigerian Email Scam Finally Met its Match?”

Selig & Associates. New York's #1 Tax Representation Firm 




What is Tax Evasion?  Tax evasion is the illegal evasion of taxes by individuals, corporations and trusts. Tax evasion often entails taxpayers deliberately misrepresenting the true state of their affairs to the tax authorities to reduce their tax liability and includes dishonest tax reporting, such as declaring less income, profits or gains than the amounts actually earned, or overstating deductions.

Tax evasion is an activity commonly associated with the informal economy. One measure of the extent of tax evasion (the "tax gap") is the amount of unreported income, which is the difference between the amount of income that should be reported to the tax authorities and the actual amount reported.

In contrast, tax avoidance is the legal use of tax laws to reduce one's tax burden. Both tax evasion and avoidance can be viewed as forms of tax noncompliance, as they describe a range of activities that intend to subvert a state's tax system, although such classification of tax avoidance is not indisputable, given that avoidance is lawful, within self-creating systems.

Are tax problems keeping you awake at night? 

"Nigeria - the Epitome of Gall"

Fiduciaries of the Nigerian government an oxymoron if there ever was one are desperately claiming that 700,000 Companies have illegally poached profits away from the Nigerian Federal Inland Revenue Service (“FIRS”).

Swindlers, cheaters and thieves have nothing on the Nigerian Government, says David Selig of Selig & Associates. Nigeria’s highly questionable allegations are being made in the shadow of falling oil prices and years of unprecedented financial mismanagement.

Nigeria’s financial recession has metastasized into a full-blown depression, says Selig. And now that oil prices are plummeting and emails from Nigeria are being routed directly into spam, the entire economy is taking a shellacking.

In response to the shortfall, Tunde Fowler (the Executive Chairperson of Nigeria's Federal Inland Revenue Service) said he expected 10 million new taxpayers to start paying into the system. But to date, Mr. Fowler’s grandiose extrapolations have not materialized. Nigeria’s economy is in the toilet and our “new taxes” (which is a Sanskrit for email enterprise) aren’t living up to their potential. Conversely, the Nigerian citizenry says that unrestrained chicanery and tinseled explanations are to blame. They’re taking on water, said a Somali pirate, and not even the old Wumi Abdul Nigerian email scam can save the ship. 

The Honorable Mr. Fowler also said: “There were plans to twin tougher enforcement with a waiver on interest and penalties for the period 2012 through 2015. We will give them a 45-day window to come forward and register and that will make them eligible for that waiver. The government, is struggling to fund a record 6.06 trillion naira ($18.6 billion) 2016 budget that aimed to stimulate growth by tripling capital expenditure, set FIRS a target of raising 4.95 trillion naira in taxes, up from 3.73 trillion last year.”

An example of the email enterprise has been published in its entirety herein below.


Dear Respected One,

GREETINGS,

Permit me to inform you of my desire of going into business relationship with you. I got your contact from the International web site directory. I prayed over it and selected your name among other names due to it's esteeming nature and the recommendations given to me as a reputable and trust worthy person I can do business with and by the recommendations I must not hesitate to confide in you for this simple and sincere business.

I am Wumi Abdul; the only Daughter of late Mr and Mrs George Abdul. My father was a very wealthy cocoa merchant in Abidjan,the economic capital of Ivory Coast before he was poisoned to death by his business associates on one of their outing to discus on a business deal. When my mother died on the 21st October 1984, my father took me and my younger brother HASSAN special because we are motherless. Before the death of my father on 30th June 2002 in a private hospital here in Abidjan. He secretly called me on his bedside and told me that he has a sum of $12.500.000 (Twelve Million, five hundred thousand dollars) left in a suspense account in a local Bank here in Abidjan, that he used my name as his first Daughter for the next of kin in deposit of the fund.

He also explained to me that it was because of this wealth and some huge amount of money his business associates supposed to balance his from the deal they had that he was poisoned by his business associates, that I should seek for a God fearing foreign partner in a country of my choice where I will transfer this money and use it for investment purpose, (such as real estate management). Sir, we are honourably seeking your assistance in the following ways.

1) To provide a Bank account where this money would be transferred to.

2) To serve as the guardian of this since I am a girl of 26 years.

Moreover Sir, we are willing to offer you 15% of the sum as compensation for effort input after the successful transfer of this fund to your designate account overseas. please feel free to contact ,me via this email address
wumi1000abdul@yahoo.com

Anticipating to hear from you soon.
Thanks and God Bless.
Best regards.
Miss Wumi Abdul





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