MultiChoice hit by Nigerian “tax evasion” ruling
A Nigerian Tax Appeal Tribunal (TAT) has ruled that MultiChoice Nigeria, a subsidiary of the South African pay-TV broadcaster, must pay an immediate 50 per cent of the 1.8 trillion Naira (€3.7bn) claimed tax backlog. 1,822,923,909,313 Naira is the specific amount claimed, which is greater than MultiChoice’s overall Group market capitalisation. The news hurt MultiChoice’s […]