administration and address government concerns about the precarious reliance on oil revenue receipts as the mainstay of the country’s economy. Some of the concrete steps taken to reduce leakages and increase the country’s revenue base are:  A New National Tax Policy; which is to serve as an all time guiding principle for all taxes in the country.  A New Tax Administration Law (TAL). This serves to simplify tax administration as well as amend all existing tax laws. Efforts are being made to review and to update obsolete ones and abrogate those that have become irrelevant.  The New Personal Income Tax (Amendment) Bill, 2011. The bill aims at introducing wholesale changes to personal income tax administration in Nigeria, so as to bring various provisions of the law up to date.  A National Tax Payer Database is being developed to ensure that all Corporate and individual entities have unique tax payer number across State and Federal jurisdictions. In this regard, every entity is expected to be uniquely identified using Taxpayer Identification Number (TIN).  Companies Income Tax/Pioneer Status: The Companies Income Tax has been amended in order to encourage potential and existing investors and entrepreneurs while the grant of pioneer status to an industry is aimed at enabling the industry to make reasonable level of profit within its formative years. The profit so made is ploughed into the business. It is a tax holiday granted to qualified or eligible industries anywhere in the federation and seven years tax holiday for industries located in economically disadvantaged local government areas of the Federation. Currently, about sixty nine (69) industries are in the approved list of declared pioneer industries that can benefit from the tax holiday. 5.1.5 The reforms in the tax system earned the country an appointment into the United Nations Committee of Experts on International Cooperation in Tax Matters in August 2009. This afforded the country, the opportunity to actively 53